Top Investment Banking News for 08/15/2009



Is Max Baucus the New Phil Gramm? - TPMCaf

Is Max Baucus the New Phil Gramm?
TPMCaf
After he left the Senate in 2003, Gramm became vice chairman and chief lobbyist for UBS, the Swiss investment banking giant. .

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Wellington Financial Blog - News, Views & Purviews Blog Archives .
Dundee Securities' Investment Banking has made a few additions: Harold Wolkin has joined as Executive Vice President, Head of Investment Banking. Most recently, Harold was Vice Chairman at Sandfire Securities ...

bofa promotes Bessant amid shakeup Silicon Valley / San Jose . - Bizjournals.com

Straits Times

bofa promotes Bessant amid shakeup Silicon Valley / San Jose .
Bizjournals.com
Most recently, Moynihan has been head of global corporate and investment banking and global wealth management. Lewis says the changes are EURdesigned to .
Bank of America Promotes Bessant to Corporate Banking PostBloomberg
Southpaw: New hope at Merrill as Moynihan moves on, Montag readies .Euroweek.com (registration)
RPT-UPDATE 1-BofA promotes Bessant to corporate banking chiefReuters
CharlotteObserver.com
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Bank of Americas Bessant Adds Corporate Banking Post (Update1) (Bloomberg)
Aug. 14 (Bloomberg) -- Bank of America Corp. , the largest U.S. bank by assets and deposits, named Cathy Bessant president of global corporate banking, promoting a veteran company executive as the lender absorbs Merrill Lynch & Co...

US banks play catch-up on hiring effort - Reuters

Thanh Nien Daily

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 .
Banks fired too many peopleDaily Finance

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

Banking: PNB targets Chinese remittances (ABS-CBNNEWS.com)
The Philippine National Bank (PNB), the surviving entity after a merger with Allied Banking Corp., said an equity investment in a Xiamen-based bank will allow it to cash in on a multibillion-dollar remittance business involving overseas Chinese workers...

Wunderlich Investment Company Acquires SSB Securities from Sandnes Sparebank (Business Wire via Yahoo! Finance)
MEMPHIS, Tenn. & STAVANGER, Norway & OSLO----Wunderlich Securities, established in 1996, is a Memphis-based full-service investment firm. The Firm provides financial advisory, trading and brokerage, equity research and investment banking services to individual and institutional clients...

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 ...

BoFA appoints new investment banking head - eurobankers.net
Bank of America Merrill Lynch announced that Loli Wu has been appointed managing director and head of Americas transportation and infrastructure investment banking. Wu, who will begin in October, will be based in New York and report to ...

U.S. Banks Starting to Hire Again | American Banking News
Some at that time even doubted whether investment banking would even survive. But the last two profitable quarters for some of the larger U.S. banks has got things rolling again, and hiring to target the investment banking sector is ...

Sal. Oppenheim Investment Banking Unit May Split Off, FTD Says (Bloomberg)
Aug. 12 (Bloomberg) -- Sal. Oppenheim Jr. & Cie.s investment banking unit may split off from the group, Financial Times Deutschland reported, without saying where it got the information...

FINRA Rolls Out Series 79 "Investment Banking Representative .
FINRA announced in Regulatory Notice 09-41 the new registration category for investment banking representatives. The new registration category becomes effective on November 2, 2009, when recently enacted changes to Registration Rule ...

Global Investment House: Kuwait market lost 2.92% in July-2009 (Mena Report)
Global Investment House EUR Kuwait - The Kuwait Stock Exchange (KSE) lost 2.92% during the month of July 2009 as EURGlobalEUR General Index ended the month at 211.36 points...

First Metro profits up 288% on higher banking fees (ABS-CBNNEWS.com)
MANILA - The investment banking arm of the Metrobank Group reported a 288% growth in profits for the first half of the year, driven mainly by a significant increase in investment banking fees...

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...

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 -France24 -MSN Malaysia News -Wall Street Journal
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Is Investment Banking For The Birds?
Did you know that parrots make good investment bankers? At least, thats what an experiment in a stock investment programme in Seoul would have us believe. A parrot took part, along with 10 other human investors, and was ranked third in ...

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. ...

Mediobanca Interested in Buying Sal. Oppenheim Unit - Bloomberg

Mediobanca Interested in Buying Sal. Oppenheim Unit
Bloomberg
14 (Bloomberg) -- Mediobanca SpA, Italy's biggest publicly traded investment bank, is interested in buying the investment banking unit of Sal. .
Mediobanca eyes Sal.Oppenheim investment bank-sourceReuters
For Sale: Investment Bank, one troubled ownerReuters Blogs
Mediobanca Sees Sal Oppenheim As "Great Opportunity"Wall Street Journal
Bloomberg -Reuters
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Higher deals triple profits of Metrobank's investment banking unit (GMA News)
The Metrobank Group"s investment banking unit tripled its profits for the first half after securing lead roles in helping Philippine companies raise cash for their needs, the company said in a disclosure...

Bank of America Corporation (NYSE:BAC) Was The Most Active - TransWorldNews (press release)

Bank of America Corporation (NYSE:BAC) Was The Most Active
TransWorldNews (press release)
The Company provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, .

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US investment bank Moelis & Co to quadruple London operation to 50 - Independent

US investment bank Moelis & Co to quadruple London operation to 50
Independent
Moelis & Co, a US boutique investment bank, is looking to quadruple the size of its London operation to 50 by the end of 2010. .

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US investment bank Moelis & Co to quadruple London operation to 50 (Independent)
Moelis & Co, a US boutique investment bank, is looking to quadruple the size of its London operation to 50 by the end of 2010...

N.J. real-estate banker still living dream despite downturn (The Star-Ledger)
Mark Zurlini is one of five principals and one of the fund managers at Palisades Financial, a real estate investment banking firm. Growing up, Mark Zurlini always thought it would be great to be a lifeguard at the Jersey...

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, .
BofA pays $33 million SEC penalty for Merrill dealMarketWatch
Bank of America Merrill Lynch Names Benjamin Perkins as Managing .PR Newswire (press release)
Bank of America Merrill Lynch names life sciences MDBanking Times
Wall Street Journal -Bloomberg -Wall Street Journal
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BofA Promotes Bessant to Corporate Banking Chief (BankTech)
Bank of America has promoted Cathy Bessant to president of global corporate banking, as the largest U.S. bank shuffles management in the wake of its acquisition of Merrill Lynch...

Investment Bankers Get 5-Hour, 175 Question FINRA Test
There's a big content outline here if you're curious (scroll down to "Limited Representative - Investment Banking (Series 79)") and if you want details on exemptions, check out this article. It's a five hour test with 175 multiple ...

Citi banker Stine to join Citadel -source - Reuters

Citi banker Stine to join Citadel -source
Reuters
NEW YORK, Aug 14 (Reuters) - Hedge fund Citadel, which launched an investment banking group earlier this year, has hired a senior .

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Barclays Exec Jenkins Confirms Departure To Set Up Own Firm - Wall Street Journal

ArabianBusiness.com

Barclays Exec Jenkins Confirms Departure To Set Up Own Firm
Wall Street Journal
Jenkins, executive chairman of investment banking and investment management for Barclays in the Middle East, told the UK bank last year he wanted to .
Barclays' Jenkins exits to set up advisory firmReuters
King of deals strides out on quest to build finance empireThe Herald

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