Top Investment Banking News for 09/15/2008



UBS looks to settle private banking tax issues (vnunet.com)
Judith Tydd, Accountancy Age , Monday 15 September 2008 at 16:47:00 Investment bank UBS is caught in a wrangle between disclosing data to US authorities and satisfying Swiss banking rules Investment bank UBS is negotiating with the US Department of Justice and the Securities and Exchange Commission following alleged breaches by its offshore private-banking unit....

Lehman Brothers: Countdown to bankruptcy - Times Online

Washington Post

Lehman Brothers: Countdown to bankruptcy
Times Online, UK - 4 hours ago
Erin Callan, head of the investment banking practice for hedge funds, succeeds him. December 13: Reports fourth-quarter profit of $870 million and full-year .
Video: Ike Threatens Wall of Water Toward Houston AssociatedPress
Global Banks Prepare For Lehman Bankruptcy FN Arena News
Nightmare on Wall Street, and your street Sydney Morning Herald
The Associated Press - Telegraph.co.uk
all 2,275 news articles
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Why Ken Lewis Likes Investment Banking Again
EURWe are good at this.EUR So said Kenneth Lewis, the head of Bank of America, when analysts raised questions Monday morning about the $7 billion or so in pre-tax cost savings that his company claims it will generate by acquiring Merrill ...

Reliance Capital plans to nter investment banking biz (Business Standard India)
Anil Ambani-promoted Reliance Capital is considering to venture into investment banking as soon as market condition gets better, though global players of the segment are suffering huge losses now...

Middle East is a magnet for banking talent (eFinancial News)
The influx of international investment banking talent to the Middle East has increased more rapidly than expected. Over the past few years, there has been a constant flow of recruits into Middle Eastern investment banking, most significantly to Dubai, as a result of its rise as the regionâs financial hub...

Investment Banking Will Survive The Crisis (Forbes)
Today's conventional wisdom is that standalone investment banks, like Goldman and Morgan Stanley, are yesterday's model. Rubbish...

Lehman Brothers collapse: How it compares
The collapse of the US investment bank Lehman Brothers has led to widespread comparisons with the Wall Street Crash of 1929. Here we examine how the current crisis measures up alongside the major recessions of the past century. ...

Bank of America-Merrill: Highlights of the Conference Call - Wall Street Journal Blogs

Mirror.co.uk

Bank of America-Merrill: Highlights of the Conference Call
Wall Street Journal Blogs, NY - 4 hours ago
It was October 2007 when Bank of America CEO Ken Lewis said he had sustained all the EURfunEUR he could stand in the investment banking business. .
Bank of America Will Buy Merrill to Gain Brokerage (Update1) Bloomberg
BofA, Merrill Likely To Cut Overlap In Banking, Trading CNNMoney.com
S&P: Bank of America Downgraded, Ratings Put On Watch Negative . MarketWatch
Financial News - Morningstar
all 248 news articles
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UBS looks to settle private banking tax issues (Accountancy Age)
Investment bank UBS is negotiating with the US Department of Justice and the Securities and Exchange Commission following alleged breaches by its offshore private-banking unit...

US, foreign shares plunge as Lehman Bros. declares bankruptcy - The Miami Herald

Wall Street Journal

US, foreign shares plunge as Lehman Bros. declares bankruptcy
The Miami Herald, FL - 2 hours ago
Bank of America's board of directors had approved the surprise $50 billion purchase of investment banking giant Merrill Lynch, and Lehman Brothers was in .
Banks seen offering plan to restore confidence The Associated Press
Bank of America in talks to buy Merrill Lynch Times Online
Lehman talks resume Stuff.co.nz
The Canberra Times - CNNMoney.com
all 1,750 news articles
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Investment Banking Will Survive The Crisis - Forbes

Dividend.com

Investment Banking Will Survive The Crisis
Forbes, NY - 1 hour ago
There used to be five stand-alone bulge bracket investment banks on Wall Street. Now there are two. Bear Stearns was merged out of existence. .
Is Bank of America Getting a Bargain in Merrill Lynch? Wall Street Journal Blogs
Bank of America Plays Captain America Barron's
FACTBOX-Bank of America to buy Merrill Lynch Reuters
CNNMoney.com - USA Today
all 254 news articles
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How to define--and execute-- "innovation" in investment banking? - BusinessWeek

Dividend.com

How to define--and execute-- "innovation" in investment banking?
BusinessWeek - 34 minutes ago
How do you define innovation in the investment banking world? How should we execute it? Could Goldman Sachs be our best example? It will be interesting to .
The personal is political Atlantic Online
Investment Bank, RIP Conde Nast Portfolio
Investment banking flawed? Thomson Merger News (subscription)
The National - The Herald
all 463 news articles
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Investment Bank, RIP
"Without doubt, the investment banking industry will never be the same," Larry Tabb, founder of the advisory firm Tabb Group wrote in a report today. "The days of the all-in-one global investment bank may be nearing an end. ...

Prime UK jobs at risk after Lehman collapse
Thousands of jobs were at risk today after the UK arm of troubled investment bank Lehman Brothers was placed into administration. The move follows Lehman's US holding company filing for Ch. News widgets and RSS feeds on Feedzilla.com...

Lehman, Merrill Lynch Moves Wreak Market Havoc
To avoid bankruptcy, the nation's largest brokerage firm, Merrill Lynch, agreed to sell itself to Bank of America for $50 billion. The fourth-largest US investment bank, Lehman Brothers, couldn't find a buyer and decided to file for ...

Lehman workers clear desks, weep after bankruptcy
Posted: 8:16 AM- LONDON (Bloomberg) -- Lehman Brothers Holdings Inc.'s employees worldwide are clearing their desks, waiting to hear if they'll be paid, and starting to look for work after the investment bank filed for the biggest ...

Why Ken Lewis Likes Investment Banking Again (New York Times)
EURWe are good at this.EUR So said Kenneth Lewis, the head of Bank of America , when analysts raised questions Monday morning about the $7 billion or so in pre-tax cost savings that his company claims it will generate by acquiring Merrill Lynch for $50 billion...

Bush: Wall Street Can Handle Investment Banking Shake-up (Fox News)
Bush: Wall Street Can Handle Investment Banking Shake-up..

Credit Suisse hires Chinese investment banking MD
In his new role, Zhu will be based in Beijing initially and report to Liping Zhang, head of the China Investment Banking Department and vice chairman of Non Japan Asia Investment Banking Department...

Banking in crisis as US giant Lehman Brothers files for bankruptcy (Daily Record)
GLOBAL banking was in crisis last night as US investment giant Lehman Brothers prepared to file for bankruptcy...

Barclays chief's predictions on Wall St. banks appear vindicated - International Herald Tribune

The Gazette (Montreal)

Barclays chief's predictions on Wall St. banks appear vindicated
International Herald Tribune, France - 22 hours ago
A former top banker at Morgan Stanley, he left his old firm in 1996 to develop an investment banking business for Barclays in London. .
UPDATE: Barclays: Lehman Buy Not In Shareholder Interest CNNMoney.com
Barclays Withdraws From Lehman Talks Over Credit Guarantees Bloomberg
Barclays Wins By Losing Lehman Forbes
Times Online - RTT News
all 361 news articles
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BAC: To Present At Bank of America Investment Conference @ 10:00 . - Trading Markets (press release)

BAC: To Present At Bank of America Investment Conference @ 10:00 .
Trading Markets (press release), CA - 5 hours ago
Brian T. Moynihan, President, Global and Corporate Investment Banking Barbara J. Desoer, President, Mortgage, Home Equity, and Insurance Services.
Markets May See a Meltdown on Financial Woes - RTTNews Daily . Trading Markets (press release)
Stocks Continue To Show Substantial Weakness In Early Afternoon . Trading Markets (press release)
all 43 news articles
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Independent Investment Banks `Won't Exist' CIBC's Nesbitt Says - Bloomberg

StarPhoenix

Independent Investment Banks `Won't Exist' CIBC's Nesbitt Says
Bloomberg - 37 minutes ago
15 (Bloomberg) -- The failure of Lehman Brothers Holdings Inc. shows that investment banks need the backing of a consumer bank to survive, said CIBC World .
CIBC World Markets: Lehman exposure about $25 mln Reuters
CIBC doesn't have 'large' exposure to Lehman, CEO says National Post
Banks pare Lehman exposure ReportonBusiness.com
all 54 news articles
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Banks, investment banks, and government - state of crisis
The day to day Banks that we all see are enormous holding companies comprising banking, brokerage, mutual funds, and investment banking. Then there are the specialised investment banks such as Merrill and Lehmans, So the obvious school ...

Weekend Merger Struck With Bank of America
Bank of America struck a $50 billion deal yesterday to buy Merrill Lynch, a merger that will unite the nation's largest consumer bank with one of its most celebrated investment banking firms. News widgets and RSS feeds on Feedzilla.com...

Thousands lose jobs in UK as investment bank collapses in US - Press Trust of India

Thousands lose jobs in UK as investment bank collapses in US
Press Trust of India, India - 1 hour ago
Lehman, the fourth biggest investment bank on Wall Street, filed for bankruptcy just before 6 am London time. As they gathered outside the Canary Wharf .
Video: Analyst: Bank of America's Merrill Move a Plus AssociatedPress
Weekend Merger Struck With Bank of America Washington Post
Merging with Merrill: how the investment banks stack up in Europe Financial News
New York Times Blogs - Detroit Free Press
all 5,256 news articles
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Merging with Merrill: how the investment banks stack up in Europe (eFinancial News)
The $44bn (31bn) acquisition of Merrill Lynch by Bank of America will put its commitment to European investment banking to the test. While analysts and bankers suggested that the capture of Merrills wealth management business outside the US was one of the deals biggest drivers, the takeover also provides a significant fillip to Bank of Americas international business...

Fall Of 2 Financial Titans Shakes Market
Lehman Brothers says it will file for bankruptcy after a plan to rescue the 158-year-old investment firm failed, capping a weekend of seismic shocks from Wall Street, including the takeover of Merrill Lynch by the Bank of America for ...

Reasons to cheer Lehman's demise - Reuters

ABC News

Reasons to cheer Lehman's demise
Reuters - 4 hours ago
Hence, Lehman's investment banking business is not worth much in the hands of its current management. Less its toxic real estate assets and investment .
Lehman Brothers fights for survival Telegraph.co.uk
Tough talk, but now Lehman has run out of road guardian.co.uk
Neuberger Berman Solid, Despite Lehman Woes CNNMoney.com
Bloomberg - The Associated Press
all 1,945 news articles
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BANKING (Miami Herald)
BANKING Kevin J. Gordon has been hired at accounting firm Berenfeld Spritzer Shechter & Sheer as senior managing director of Berenfeld Capital Markets, the firm's new investment banking affiliate. Previously, he was a managing director of Ladenburg Thalmann & Co...



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