Top Investment Banking News for 08/10/2009



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

Boston Globe

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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Oppenheimer Continues Expanding Investment Banking - Marc Thompson . - PR Newswire (press release)

Oppenheimer Continues Expanding Investment Banking - Marc Thompson .
PR Newswire (press release)
"Marc's return to Oppenheimer, where he began his financial services career in 1987, assists the continued development of a significant investment banking .

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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...

FBR Capital Markets Acquires Watch Hill Partners
FBR Capital Markets also announced a reorganization of its investment banking department, which will be comprised of three primary practice areas. To complement its existing industry-focused team, the firm is integrating its capital ...

BNP Paribas appoints China banking chairwoman - Reuters

BNP Paribas appoints China banking chairwoman
Reuters
Ren, a former managing director and chairwoman of China Investment Banking at Merrill Lynch (Asia-Pacific), will report to Christian de Charnace, .
BNP Paribas Names Ren CEO Of Greater China Corporate FinanceWall Street Journal
BNP Paribas Corporate and Investment Banking Creates Insurance .Earthtimes (press release)
MOVES- BNP Paribas, Amherst, WillisReuters

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BNP Paribas Corporate and Investment Banking Creates Insurance Solutions Group for the Americas (Marketwire)
NEW YORK, NY--(Marketwire - August 10, 2009) - BNP Paribas Corporate and Investment Banking is pleased to announce the creation of the Insurance Solutions Group for the Americas. Francois Leblanc, formerly head of global risk solutions and structured capital markets for the Americas, will head the new group. Also joining the group is Josee Deroy, who has been appointed a Director. She will be ...

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...

Investment Banking: Rebound Amid a Revolution - Financials * US .
The financial crisis may have left investment banking bruised and embarrassed, but analysts say an industry comeback is on the way, even if it means competing in a dramatically different marketplace...

Finra Fines Credit Suisse $275000 For Web Site Violations - Wall Street Journal

Finra Fines Credit Suisse $275000 For Web Site Violations
Wall Street Journal
The agreement was to settle allegations that some Wall Street coverage was biased in order to allow the issuing firms to get access to investment banking .
Credit Suisse fined for violating US research pactReuters

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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...

Experts tell OBG how Bahrain's banking sector tackles global economic challenges (AME Info)
Although the global downturn has produced a climate of financial caution, key players from Bahrain's banking sector are confident that the improved performance of locally placed investments is easing the blow for the country's economy...

M'SIAN ECONOMY IN PRETTY GOOD SHAPE, SAYS INVESTMENT GURU (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Aug 10 (Bernama) -- The Malaysian economy is working out pretty well -- thanks to efforts by the government in initiating a number of measures, said investment guru Dr Mark Mobius today...

Societe Generale Names Olano Asia-Pacific Syndicated Loan Head - Wall Street Journal

Societe Generale Names Olano Asia-Pacific Syndicated Loan Head
Wall Street Journal
Olano led the loan syndicate team at Societe Generale Corporate & Investment Banking's Madrid office before relocating to Hong Kong for his new position. .

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Oppenheimer Continues Expanding Investment Banking - Marc Thompson Returns as Head of Software Banking in Tech & Telecom (PR Newswire via Yahoo! Finance)
Oppenheimer & Co. Inc., a unit of Oppenheimer Holdings, is pleased to announce that Marc Thompson will rejoin the firm to take up his former role as Managing Director and Head of Software Banking in the Technology & Telecom group...

Credit Suisse says new AIG chief Benmosche stepping down from .
Credit Suisse this year overtook its main rival UBS AG as Switzerland's largest bank by market capitalization, profiting from its lower exposure to the troubled U.S. subprime market and a faster turnaround in its investment banking unit ...

BNP Paribas appoints China banking chairwoman (Reuters via Yahoo! Philippines News)
* Margaret Ren is new BNP Paribas China banking chairman..

Ken Moelis Waits for Bat Phone to Ring as Wall Street Rebounds - Bloomberg

Ken Moelis Waits for Bat Phone to Ring as Wall Street Rebounds
Bloomberg
10 (Bloomberg) -- The office of Kenneth Moelis in Los Angeles is a shrine to an investment banking career spent catering to the rich. .

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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 ...

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. ...

UBS adds 20 senior staff to investment team (Financial Times)
UBS has unveiled senior appointments within its investment banking division, a week after admitting that it missed the credit boom that fuelled near-record profits at global rivals...

How Uncle Sam Owns Ken Lewis - New York Magazine

Reuters

How Uncle Sam Owns Ken Lewis
New York Magazine
In eight years, as Bloomberg points out, Lewis went through four finance chiefs and five heads of investment banking. Tellingly, not one of the three .
Thundering herd eyes exits at made-over Merrill LynchCrain's New York Business

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Flaherty makes investment pitch in China (CBC.ca)
Finance Minister Jim Flaherty is in China pitching Canada's banking system to investment officials in one of the world's most important economies...

Western Asset Investment Grade Defined Opportunity Trust Inc. as of July 31, 2009 (Business Wire via Yahoo! Finance)
NEW YORK----Western Asset Investment Grade Defined Opportunity Trust Inc. announces its portfolio composition as of July 31, 2009...

Investment Banking Business Leader: Middle East - jobs from exec .
Investment Banking Business Leader: Middle East - UAE - Negotiable...

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, .
Bank of America Merrill Lynch Names Benjamin Perkins as Managing .PR Newswire (press release)
Bank of America Merrill Lynch names life sciences MDBanking Times
BROKER'S WORLD:Sontag Quits While Many Merrill Brokers StuckWall Street Journal
Bloomberg -Bizjournals.com -PR Newswire (press release)
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Germany Still At Risk Of Credit Crunch, Says Banking Head - FT (The Forex Market)
LONDON (Dow Jones)--The head of Germany's main banking association has warned Germany is still at risk of a credit crunch as banks face a wave of corporations being downgraded by credit ratings agencies, The Financial Times reports on its Web site Monday...

Transaction costs and Investment Banking - Strat. In
It is also not about investment banking bonuses about which lot has been written (My personal take is that much of the criticism is absolutely justified), though some inferences about the culture surrounding bonuses could be derived ...

Financial News: RBS Warns On Defections At Investment Bank - Wall Street Journal

BBC News

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US banks play catch-up on hiring effort - Reuters

Reuters

US banks play catch-up on hiring effort
Reuters
"Back in March and April, no one really knew if the investment banking business was going to exist again," said David McCormack, managing director at search .

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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...



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