Top Investment Banking News for 09/16/2008



Backgrounder: Lehman Brothers Holdings Inc. - Xinhua

Vancouver Sun

Backgrounder: Lehman Brothers Holdings Inc.
Xinhua, China - 12 hours ago
New York-based Lehman was a global financial-services firm, which does business in various fields, such as investment banking, equity and fixed-income sales .
Once US's Fourth Largest Investment Bank, Lehman, Files For Bankruptcy AHN
Lehman Brothers scrambles to divest before bankruptcy Sarasota Herald-Tribune
Lehman talks resume Stuff.co.nz
Vancouver Sun - Financial-Planning.com
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Goldman posts worst quarter since going public
Goldman Sachs Group Inc., the larger of the nation's two remaining major independent investment banks, on Tuesday reported its worst drop in profits since going public in 1999. The investment bank reported that its third-quarter profit ...

Hiring in financial, banking sectors to slow down (rediff.com)
The collapse of investment banking giants like Lehman Brothers and Merrill Lynch has impacted the financial sector so much globally that hiring prospects in the sector looks bleak, though less so in India, say analysts...

Merrill Deal May Boost FDIC Fund's Risk Profile - Bank Technology News

Washington Post

Merrill Deal May Boost FDIC Fund's Risk Profile
Bank Technology News, NY - 5 hours ago
"The initial worry for the FDIC is that deposits will be used to backstop investment banking operations, which in and of itself is risky," he said. .
Banks seen offering plan to restore confidence The Associated Press
Bankers scramble to work out Lehman Brothers rescue plan The Canberra Times
Feds, Wall Street race to try to save Lehman Washington Post
Northeast Mississippi Daily Journal - The Associated Press
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Reality check for i-bankers - Business Standard

BBC News

Reality check for i-bankers
Business Standard, India - 1 hour ago
Apart from established domestic investment banking firms, there are a host of other financial services firms who now aspire to get into investment banking .
Video: Stocks Fall Hard Amid New Wall Street Landscape AssociatedPress
US Investment Banking Sectors Rough Weekend Provides Investors . Money Morning
Re-Embrace of Investment Banking . Bank Technology News
Globe and Mail - Enterprise News
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Investment banking groom valuations fall in Wedding market
The first visible effects were noted in the online space yesterday with scores of investment banking profiles being EURblockedEUR by women across matrimonial & social networking sites. Apparently the average EURBe my friendEUR request index ...

Property market reels amid banking sector drama - Reuters UK

Sify

Property market reels amid banking sector drama
Reuters UK, UK - 10 hours ago
Other market participants said it was too early to estimate just how much office space could be dumped on both markets as the US investment banking sector .
Why Ken Lewis Likes Investment Banking Again New York Times Blogs
Lehman crash sparks fears of world slump WA Business News (subscription)
Headhunters pick of Lehman Brothers elite Telegraph.co.uk
Livemint - Euroweek.com
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Barclays in talks on Lehman unit, crisis spreads
LONDON (Reuters) - Barclays emerged as a potential buyer of some of felled investment bank Lehman Brothers' assets, as the financial sector carnage spread on fears American International Group could be the next to fall. ...

Investment Banking Will Survive - Forbes

StarPhoenix

Investment Banking Will Survive
Forbes, NY - 20 hours 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. .
What B of A Gets by Passing on Lehman & Gobbling Up Merrill Seeking Alpha
Is Bank of America Getting a Bargain in Merrill Lynch? Wall Street Journal Blogs
Bank of America Plays Captain America Barron's
MarketWatch - Forbes
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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...

DELAWARE: State's financial sector roiled by banking crisis (The Daily Times)
The crisis in the nation's financial markets devastated the stock market Monday, as investors reacted to the demise of two investment banking monoliths and produced the worst day on Wall Street in seven years...

Investment Banking 2.0: Into the Future
Hey, it's never too early to look into the future! From Information Arbitrage: .I had the pleasure of hearing Nouriel Roubini speak at a planning dinner for the 2009 Money:Tech Conference, and he more than a few thoughts on the topic. ...

Goldman Sachs reports big profit plunge - CNNMoney.com

Telegraph.co.uk

Goldman Sachs reports big profit plunge
CNNMoney.com - 1 hour ago
With investment banking activity at a virtual standstill and financial markets in disarray, few were expecting a banner quarter for Goldman. .
Goldman profit plunges 70 pct amid market slump guardian.co.uk
Goldman Sachs posts 70 percent slide in third-quarter earnings International Herald Tribune
Goldmans Longshot Vow: Beat Odds, Go It Alone BNET
BBC News - International Herald Tribune
all 151 news articles
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Views on the Fed, Merrill and future for Wall Street investment banks - Reuters

Washington Post

Views on the Fed, Merrill and future for Wall Street investment banks
Reuters - Sep 15, 2008
The Wall Street investment banking model is being tested. No, its broken. No, its been broken for a while and the bailout of Bear Stearns and the demise .
Wall Street shuffle The Australian
How the Masters of the Universe ran amok and cost us the earth Scotsman
Banks seen offering plan to restore confidence The Associated Press
Times Online - Kansas City Star
all 1,826 news articles
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Goldman posts worst quarter since going public
NEW YORK (AP) -- Goldman Sachs Group Inc., the larger of the nation's two remaining major independent investment banks, on Tuesday reported its worst slump in profits since going public in 1999.. RSS news feeds and Widgets on ...

Investment Banking 2.0: Into the Future
Investment Banking 2.0 will be the re-emergence of the boutique, the focused, nimble, high-touch firm that was the bedrock of capital formation in the early years of the stock market boom. Because these mega-firms being created at the ...

Fed likely to keep rates on hold - Financial Times

RTE.ie

Fed likely to keep rates on hold
Financial Times, UK - 22 hours ago
And it suspended a rule that normally prohibits deposit-taking banks from using deposits to help finance their investment banking subsidiaries to allow them .
Fed bends liquidity rules to ease woes in Lehman crisis The Age
Orchestrating a Process Neither Neat Nor Fair Washington Post
Dear Ben: Leave rates alone! CNNMoney.com
ABC Online - KEYC
all 1,239 news articles
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Reliance Capital Considers Foray Into Investment Banking (Nasdaq)
(RTTNews) - Tuesday, the media reported that Reliance Capital, promoted by Anil Ambani is considering foraying into investment banking as soon as market condition gets better despite the global players of the segment reporting huge losses now...

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...

Financial crisis as Dow drops 504 points
NEW YORK -- Mighty investment banks were laid low. Stocks put in their worst performance in seven years. About $700 billion was washed away on Wall Street. News widgets and RSS feeds on Feedzilla.com...

Goldman's Investment-banking Revenue Falls 40% (Fox News)
Goldman's Investment-banking Revenue Falls 40%..

IIMs can't bank on investment banks - Economic Times

Xinhua

IIMs can't bank on investment banks
Economic Times, India - 8 hours ago
BANGALORE: Investment banking companies used to be the first choice for most graduates of the Indian Institutes of Management (IIMs). .
Investment banks' future questioned Financial Times
Your Top Five Banks: Merrill, Lehman Deals Wont Reshape . Wall Street Journal Blogs
google news commentComment by Christopher Whalen Managing Director, Institutional Risk Analytics
Bloomberg - BusinessWeek
all 396 news articles
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Credit Suisse hires Chinese investment banking head (Banking Business Review)
Credit Suisse has appointed Arthur Zhu as a new managing director of its China investment banking team...

Wall Street in Crisis: Markets Open Steady as AIG Is on the Brink
Like investment banks, the insurance giant is hurting from the mortgage crisis. RSS news feeds and Widgets on Feedzilla.com...

Embraer opens service hangar at Gateway
While the banking industry was tumbling this week, the product of a long-term investment by a Brazilian-based commercial jet manufacturer was taking a bow at Phoenix-Mesa Gateway Airport. News widgets and RSS feeds on Feedzilla.com...

Fed Loosens Rules On Loans To Investment Banks
Some may say the federal government has a new slogan: No more bailouts. But in its efforts to shore up the turbulent financial markets, federal regulators have slipped in a little-noticed bailout provision for hurting investment banks ...

Rel Cap to enter banking, PE biz (The Hindu)
MUMBAI: Announcing an investment of over Rs 2,000 cr over the next 3-5 years in its insurance business, domestic financial services major Reliance Capital's Chairman Anil Ambani on Tuesday said the company will enter the banking, asset reconstruction, in stitutional broking and PE business...

Investment Banks, By the Numbers - Wall Street Journal Blogs

Wall Street Journal Blogs

Investment Banks, By the Numbers
Wall Street Journal Blogs, NY - 3 hours ago
At the beginning of 2007 the five major investment-banking firms (not including those, such as JP Morgan Chase & Co., which operate as both an investment .
Investment Banking 2.0: Think Small Seeking Alpha
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Dodd Says Senate Banking Committee To Stay On Sidelines For Now (Hartford Courant)
U.S. Sen. Christopher Dodd said Monday that he would not seek immediate Senate action related to the collapse of major Wall Street investment banks, and that he would give Treasury and Federal Reserve officials more time to manage the unfolding crisis before asking them to address the Senate Banking Committee...

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



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