Top Investment Banking News for 08/09/2009



Business : Banking Sector Results Boost Markets in Gulf, Says Rasmala (Khaleej Times)
DUBAI EUR” Better than expected banking sector results in the UAE, Saudi Arabia and Qatar provided a boost for the markets in the Gulf region...

Merrill Hires Life Sciences Investment Banker (New York Times)
Bank of America Merrill Lynch said Friday that it has hired Benjamin Perkins, the head of Pacific Growth Equities' life sciences investment banking team, as a managing director in its San Francisco office...

Investment Banking Hums, But Loan Losses Grow - DealBook Blog .
Bank of America, JPMorgan Chase and Citigroup reported a total of $10.2 billion in profits for the quarter that relied on investment banking and asset sales to counter losses on consumer loans...

European Stocks Rise for Fourth Week; HSBC Leads Banks Higher - Bloomberg

European Stocks Rise for Fourth Week; HSBC Leads Banks Higher
Bloomberg
HSBC and Barclays Plc both jumped more than 9 percent after income from their investment banking units doubled in the first half. Europe's Dow Jones Stoxx .

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Corporate Finance - The investment banking and private equity .
The investment banking and private equity landscape is changing. 08:01:42 am, Categories: Market Structure. There have been massive overcapacities in investment banking after the bursting of the real estate bubble in the US. ...

Financial News: Mustier Quits SG Amid Insider Trading Probe - Wall Street Journal

BBC News
Financial News: Mustier Quits SG Amid Insider Trading Probe
Wall Street Journal
Jean-Pierre Mustier, the former head of investment banking and head of asset management at Societe Generale, .
SocGen's Mustier Quits Amid Insider Trading ProbeBloomberg
Societe Generale 2Q net profit down by halfThe Associated Press
Societe Generale Q2 Net Down 52% - UpdateRTT News
Reuters -MarketWatch -Wall Street Journal
all 360 news articles »
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Canaccord Profit Falls on Investment-Banking Slowdown (Update1) (Bloomberg)
Aug. 6 (Bloomberg) -- Canaccord Capital Inc. , Canadas largest independent brokerage by assets, said first-quarter profit fell 45 percent on a slowdown in investment banking...

BNP Paribas Pays Investment Bankers Less Than Goldman, Morgan - Bloomberg

BNP Paribas Pays Investment Bankers Less Than Goldman, Morgan
Bloomberg
France's largest bank spent 46 percent of investment-banking revenue on all the unit's costs, from salaries to computers and phones. .
UBS posts seventh quarterly loss in 2 years - August 07KMPH Fox 26
Comment: Time for BNP Paribas to deal with unfinished business?Financial News (subscription)

all 7 news articles »
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Saudi banking sector among ME strongest (MENAFN)
Saudi banking sector among ME strongest..

Investment Banking Jobs - Trades & Tombstones » Blog Archive .
Finding the best Investment Banking Jobs can be difficult and time consuming. Investment Banking Job Digest has done the hard work for you - giving you a competitive advantage in the job market. ...

Jeff Urwin, Bear Stearns' One-Time Investment Banking Guru, Chops .
Even though it took Alex Reyfman, the former head of credit derivatives research for Bear Stearns, four price cuts before he finally sold his Upper West Side co-op, he ended up getting only $540000 less than his first asking price...

MOVES-Zurich, Bank of America, Vermont - Reuters

MOVES-Zurich, Bank of America, Vermont
Reuters
The largest US bank hired Benjamin Perkins as managing director of life sciences investment banking at Bank of America Merrill Lynch. .

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Merrill Hires Life Sciences Investment Banker - New York Times

guardian.co.uk
Merrill Hires Life Sciences Investment Banker
New York Times
Bank of America Merrill Lynch said Friday that it had hired Benjamin Perkins, the head of Pacific Growth Equities' life sciences investment banking team, .
Banc of America Securities-Merrill Lynch Research Hires William .PR Newswire (press release)
BofA pays $33 million SEC penalty for Merrill dealMarketWatch
Bank of America Merrill Lynch names life sciences MDBanking Times
Wall Street Journal -New York Times Blogs -PR Newswire (press release)
all 1,464 news articles »
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Investment Banking Business Leader: Middle East - jobs from exec .
Investment Banking Business Leader: Middle East - UAE - Negotiable...

BNP Paribas Net Rises on Fortis, Investment-Banking - Bloomberg

BNP Paribas Net Rises on Fortis, Investment-Banking
Bloomberg
The French bank, along with Barclays Plc and Credit Suisse Group AG, reported higher earnings from investment banking as credit markets thawed. .
BNP Rides Investment-Banking WaveForbes
BNP Paribas 2Q Net +6.6% On Fortis Deal, CIBWall Street Journal
BNP Paribas Profit Up 6.6%New York Times
Reuters -Wall Street Journal -Wall Street Journal
all 169 news articles »
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Wells Fargo makes push into investment banking - August 4, 2009
(NEW YORK) Wells Fargo's US$12.7 billion purchase of Wachovia Corp, meant to bolster deposits and mortgage operations, has deepened the company's commitment to investment banking as corporate stock and bond sales surge...

Sunday newspaper round-up: Lloyds Banking, JJB, Friends Provident (ShareCast)
LONDON (SHARECAST) - Lloyds Banking is weighing up plans for a multi-billion pound share issue to cut its dependency on the taxpayer...

Growth in Sarawak investment portfolios tops expectations: CIMB (Business Times (Malaysia))
CIMB Private Banking said it sees Sarawak as an interesting market, but the phenomenal growth in the investment portfolios of high-net-worth individuals in Sibu was beyond its expectation...

Bank of America Merrill Lynch Names Benjamin Perkins as Managing Director of Life Sciences Investment Banking (PR Newswire via Yahoo! Finance)
Bank of America Merrill Lynch today announced that Benjamin Perkins will join the firm as managing director of life sciences investment banking. Perkins, who will be based in San Francisco, will report to Charles Ditkoff, managing director and head of Americas healthcare corporate and investment banking...

Securities and Investment Company reports BD1.10m net profit for second quarter 2009 (AME Info)
Bahrain-based Securities and Investment Company (Sico) announced today a net profit of BD1.10m for the second quarter of 2009 compared to a loss of BD167 thousand for the first quarter...

US banks still in tight straits despite profits - AFP

AFP
US banks still in tight straits despite profits
AFP
"They cannot continue to thrive on investment banking for much longer," he said. In their latest report on the sector, Standard & Poor's analysts said that .

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Investing Notes: Investment Banking Buoys HSBC and Barclays
LONDON EUR” HSBC Holdings and Barclays reported robust first-half profits Monday based largely on the performance of their investment-banking businesses, along with their Wall Street peers. Yet the banks also set aside a combined $22 ...

Canaccord Profit Falls on Investment-Banking Slowdown - Bloomberg

Canaccord Profit Falls on Investment-Banking Slowdown
Bloomberg
. Canaccord Capital Inc., Canada's largest independent brokerage by assets, said first-quarter profit fell 45 percent on a slowdown in investment banking. .
GMP Capital Inc. reports strong results for second quarter 2009Canada NewsWire (press release)
GMP Capital Q2 profit falls, misses market expectationsReuters
GMP Capital 2Q Net Falls On Conversion Costs >GMP.TWall Street Journal
Bloomberg -Bloomberg
all 57 news articles »
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Financial News: RBS Warns On Defections At Investment Bank - Wall Street Journal

Telegraph.co.uk
Financial News: RBS Warns On Defections At Investment Bank
Wall Street Journal
Operating profits from investment banking rose sharply, but the bank warned that good results, buoyed by fixed income, could be "unsustainable. .
RBS banker exodus "damaging, not yet destructive"Reuters
Royal Bank of Scotland's bad debts overshadow return to profitguardian.co.uk
Taxpayers to face more RBS losses after it warns of 'unsustainable .Daily Mail
The Herald -Irish Times -Telegraph.co.uk
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Bank of America Merrill Lynch Appoints MD For Life Sciences Investment Banking (Banking Business Review)
To focus on financial supply chain technology and order-to-pay solution set . Executives cannot sell until the US Treasurys Capital Purchase Program (CPP) investment is repaid ...

Merrill Hires Life Sciences Investment Banker - DealBook Blog .
Bank of America Merrill Lynch said Friday that it has hired Benjamin Perkins, the head of Pacific Growth Equities' life sciences investment banking team, as a managing director in its San Francisco office...

Should Lloyds Bulk Up On Investment Banking? - Forbes

Straits Times
Should Lloyds Bulk Up On Investment Banking?
Forbes
Lloyds, with almost no investment banking operations to speak of, has had to pay the price for bankers that made ill-judged bets on the commercial property .
Investment banking drives profits at BarclaysInternational Financing Review
City DiariesBBC News
Lloyds, RBS May Write Down Extra $30 Billion on Property LoansBloomberg
Times Online -TIME -eFinancialCareers UK
all 867 news articles »
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Sharing Risk dot Org blog: Islamic Investment Banking 2009 report
The Yasaar Media report, Islamic Investment Banking 2009 (available free from Yasaar Media as a PDF), provides a thorough review of the history and current state of Islamic investment banking. Below, I provide a basic summary of a few ...

Royal Bank of Scotland loses $1.7B in 1st half (3news)
Royal Bank of Scotland has reported more losses as investment banking profits fail to offset bad debts and the state-owned lender warned of more 'poor' results to come...

Room for Emerging Players in Investment Banking - The Little Known .
Research Reloaded: /Damaged reputations for the big boys might be opening up more opportunity for the smaller players. We hope so. The big brands were shown to be just B-level ideas with A-level marketing, or even worse when it came to ...



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