Top Investment Banking News for 08/12/2008



UBS boosts investment bank accountability and rules out sale (eFinancial News)
UBS has outlined plans to overhaul its investment banking division by setting public targets for each business line, as part of a group revamp of the Swiss group's structure, following a bigger than expected pre-tax second quarter loss on further writedowns...

THE RATINGS GAME: Goldman Downgrades Reflect Financials Woes - CNNMoney.com

CNBC

THE RATINGS GAME: Goldman Downgrades Reflect Financials Woes
CNNMoney.com - 2 hours ago
Key drivers of revenue such as investment banking, and mergers and acquisition have simply not been happening enough to stimulate related business. .
UPDATE 1-Goldman Sachs downgraded by Deutsche Bank analyst Reuters
UPDATE:Analysts:Global Stock Declines Gap In Goldman's Armor CNNMoney.com
all 31 news articles
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JP Morgan takes early third-quarter write-down of $1.5 billion
(Reuters)EUR”US investment bank JP Morgan Chase has incurred losses of about $1...

Since 2002, when research was formally separated from investment .
Banks are no longer allowed to pay their analysts from any revenue derived from investment banking, only from trading operations. - An investment banker cant call a research analyst at the same firm without a lawyer chaperoning the ...

Moldovan banking system is developing (Moldova.org)
The banking system of Moldova in the first quarter of this year has expanded, the National Bank said in a communique. According to the central bank, in the first six months of this year, the first level capital of the national banks, one of the main financial indicators that shows the banks capacity to cover possible losses, rose by 12.7% to 5.890 billion lei. Foreign investment made up 72.5% ...

Analyzing Wall Streets Research (New York Times)
At a recent conference, Frank P. Quattrone, the former star analyst, opined that former New York attorney general Eliot Spitzers landmark settlement in 2002, which forced the separation of investment banking from research, had been disastrous for the quality of research...

BNP Paribas Appoints Adnan Zuberi to Its Structured Credit . - MarketWatch

BNP Paribas Appoints Adnan Zuberi to Its Structured Credit .
MarketWatch - 1 hour ago
The group holds key positions in three major segments: Corporate and Investment Banking, Asset Management & Services and Retail Banking. .
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UBS carves up bank structure as rich clients flee (Reuters via Yahoo! News)
UBS will split off its investment banking unit that made it Europe's top casualty of the credit crunch -- and scared off wealthy clients -- a move that analysts said signals the sale of the beleaguered business...

Analyzing Wall Streets Research - New York Times

New York Times

Analyzing Wall Streets Research
New York Times, United States - 6 hours ago
As a result, banks are no longer allowed to pay their analysts from any revenue derived from investment banking, only from trading operations. .
..

FINANCIAL STOCKS Revised loss drags down Wachovia in early action - MarketWatch

Boston Globe

FINANCIAL STOCKS Revised loss drags down Wachovia in early action
MarketWatch - 2 hours ago
The bank also announced plans to restructure by splitting its investment banking, private banking and asset management arms into separate divisions. .
Video: Citi to pay $7B to investors ReutersVideo
Auction-Rate Costs May Rival Spitzer Settlements (Update2) Bloomberg
Morgan Stanley joins bond buyback list Austin American-Statesman
The Epoch Times - Times Online
all 2,013 news articles
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Credit Suisse bolsters Indian investment banking team - Banking Times

Credit Suisse bolsters Indian investment banking team
Banking Times, UK - 11 hours ago
by Richard Kilner Credit Suisse has announced a trio of appointments to bolster its investment banking capabilities for India. The Mumbai-based Investment .
Credit Suisse appoints new MDs for investment banking in India Banking Business Review
Credit Suisse Bulks Up Banking in India Markets Media (press release)
Credit Suisse bolsters I-banking team Sify
Reuters India - Economic Times
all 19 news articles
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Credit Suisse Makes Three Senior Hires In Investment Banking
Credit Suisse Group has made senior level appointments in its India investment banking arm. The firm has appointed Sughosh Moharikar and Samita Shah as managing directors of investment banking. They will be based in Mumbai. ...

American Vantage Companies Selects Network 1 Financial Securities, Inc. for Investment Banking Services (Centre Daily Times)
American Vantage Companies (Pink Sheets:AVCS) today announced the engagement of Network 1 Financial Securities, Inc. to provide investment services and other capital building activities. Network 1 Financial Securities, Inc. is headquartered in Red Bank, New Jersey and is an independent full-service securities firm...

IT Project Manager EUR Derivatives, Trading and Investment Banking .
My client is a dynamic and growing management consultancy that is continuing to win major IT-driven business transformation programmes in the Banking and Capital Markets arena. This has led to 3 openings being created for experienced ...

Job 10728: Web Design Investment Banking Firm $100 - $250
Number of pages approx 6 or 7 My Industry Financial Services Investment Banking Firm I have a logo and Ive completed the write up of the text I also have a good idea of the page layouts I si. Budget: $100 - $250 PLACE BID - Find Web ...

Capmark Financial Group Inc. Reports 2008 Second Quarter Operating . - MarketWatch

Daily Mirror

Capmark Financial Group Inc. Reports 2008 Second Quarter Operating .
MarketWatch - 16 hours ago
The $28.8 million decline was driven by a decrease in placement fees and investment banking fees partially offset by an increase in net gains. .
Fifth Street Finance Corp. Declares Fourth Quarter Dividend of . CNNMoney.com (press release)
Negative outlook for Egypt banking sector in short term Emirates Business 24/7
1st Century Bancshares, Inc. Reports 2008 Second Quarter Financial . CNNMoney.com
MarketWatch - MarketWatch
all 375 news articles
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American Vantage Companies Selects Network 1 Financial Securities, Inc. for Investment Banking Services (Business Wire via Yahoo! Finance)
LAS VEGAS & NEW YORK----American Vantage Companies today announced the engagement of Network 1 Financial Securities, Inc. to provide investment services and other capital building activities...

Credit Suisse bolsters Indian investment banking team
Credit Suisse has announced a trio of appointments to bolster its investment banking capabilities for India. The Mumbai-based Investment Banking Department gains two new managing directors, Sughosh Moharikar and Samita Sha. ...

Risk Management Administrator - Investment Banking
Are you an administrator looking for your opportunity in a risk department of an investment bank within the capital? We are currently seeking an administrator with quantitative, mathematical risk or scientific degrees, ...

Credit Suisse appoints new MDs for investment banking in India (Banking Business Review)
Credit Suisse has appointed Sughosh Moharikar and Samita Shah as the new managing directors of its investment banking department, based in Mumbai, India. In addition, Ashim Ahuja will join as a new director of the investment banking team...

UBS universal bank model breaks, rivals defiant - guardian.co.uk

UBS universal bank model breaks, rivals defiant
guardian.co.uk, UK - 2 hours ago
The universal model spans retail and investment banking and can include insurance, fund management and other areas. But big investment banking losses during .
FACTBOX-Key details of UBS restructuring plans Reuters
Ad-hoc: UBS Announces Repositioning of the Bank to Allow Maximum . Business Wire (press release)
UBS to split three ways Professional Adviser
Pensions & Investments - ifaonline.co.uk
all 21 news articles
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Thomson Reuters revenue hit by slump in investment banking
Thomson Reuters Corp reported slower quarterly revenue growth on Tuesday but affirmed its full-year outlook, saying weakness in the investment banking industry was offset by strength in its businesses serving professional and other ...

MARKET RISK MANAGER, INVESTMENT BANKING
Title: MARKET RISK MANAGER, INVESTMENT BANKING; Company name: AMBITION; Qualification: University / College; Experience: 4 years; Work Location: Hong Kong; Date: 12 Aug 2008...

Deals of the Day: UBS Distances Itself from Its Investment Bank - Wall Street Journal Blogs

Deals of the Day: UBS Distances Itself from Its Investment Bank
Wall Street Journal Blogs, NY - 4 hours ago
[eFinancialNews.com] Related: The investment bank may not even be owned by UBS in two years. [Reuters] Morgan Stanley: Moodys cut the banks rating, .
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UBS to Split Investment Bank From Wealth Management After Loss (Bloomberg.com)
Aug. 12 (Bloomberg) -- UBS AG , Switzerland's biggest bank, announced plans to separate its investment banking and wealth management units after a fourth straight quarterly loss caused by subprime-related writedowns...

UBS to Split Investment Bank From Wealth Management (Update1) - Bloomberg

UBS to Split Investment Bank From Wealth Management (Update1)
Bloomberg - 7 hours ago
12 (Bloomberg) -- UBS AG, Switzerland's biggest bank, plans to separate its investment banking and wealth management units after a fourth straight quarterly .
UBS to split wealth management and investment bank Reuters
UBS rips up bank structure as rich clients flee Forbes
UBS swings to loss as customers withdraw cash MarketWatch
Wall Street Journal Blogs - Financial News
all 526 news articles
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M&T expands bond division - Bizjournals.com

M&T expands bond division
Bizjournals.com, NC - Aug 11, 2008
The group will work for M&T Securities and the M&T Investment Banking Group. M&T Securities, a subsidiary of M&T Bank, manages about $15.3 billion in assets .
M&T expands in municipal bonds TMCnet
M & T Bank hires 15 Ferris bond specialists Baltimore Sun
M&T Bank lures 15 from Ferris Baker Watts' bond group Bizjournals.com
all 26 news articles
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UBS to Split Investment Bank From Wealth Management (Update3) (Bloomberg.com)
Aug. 12 (Bloomberg) -- UBS AG , Switzerland's biggest bank, plans to separate its investment banking and wealth management units after a fourth straight quarterly loss caused by subprime- related writedowns...

UBS rips up one-bank model as rich clients flee (Reuters via Yahoo! News)
Swiss bank UBS will separate its wealth management business from investment banking, a move that could herald a spin-off or sale of the business that made it Europe's top casualty of the markets crisis...

Financial News: UBS Bemoans Investment Banking Performance
Of FINANCIAL NEWS UBS' investment banking division has said that it has suffered a further deterioration across several of the division's business lines since the beginning of the year, after reporting pretax losses of CHF5.23 billion . ...



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