Top Investment Banking News for 09/22/2008



Turmoil to lessen the role of investment banks - The Australian

Turmoil to lessen the role of investment banks
The Australian, Australia - Sep 21, 2008
The Depression led to the US Congress passing the Glass-Steagall Act of 1933 that banned commercial banks from doing broking and investment banking, .
And Then There Were None BusinessWeek
Regulation Could Have Been the Lehman Aid CU Columbia Spectator
Irony: Fed Decisions To Undermine US Banking System? The Market Oracle
Business Day
all 10 news articles
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Banking End of an era in investment banking 22/09 20:12 CET (Euronews)
Goldman Sachs and Morgan Stanley, the two big survivors of Wall Streets recent turmoil, have given up their status as investment banks and are becoming bank holding companies. It means they will gain easier access to financing, but will also be more tightly regulated...

Goldman, Morgan Stanley abandon investment banking model (Reuters via Yahoo! News)
Goldman Sachs and Morgan Stanley sought shelter with the Federal Reserve to survive a financial storm that has destroyed their rivals, effectively killing off the Wall Street investment banking model of the past two decades...

The End Of The Investment Banking Era
The last two remaining independent investment banks, Morgan Stanley and Goldman Sachs have seen the writing on the wall and have applied to the Federal Reserve in order to convert into commercial banking institutions. ...

Goldman, Morgan abandon investment banking model
The two surviving pillars of Wall Street, Goldman Sachs Group Inc. and Morgan Stanley, threw in the towel on the investment banking model over the weekend, asking the Federal Reserves approval to become bank holding companies...

Is it safe to trust a Wall Street veteran with a Wall Street bailout? - The Miami Herald

This is Money

Is it safe to trust a Wall Street veteran with a Wall Street bailout?
The Miami Herald, FL - Sep 21, 2008
Paulson presided over one of the most profitable runs on Wall Street as chairman and chief executive officer of investment banking titan Goldman Sachs & Co. .
A $700-billion bailout GMA news.tv
Calling Paulson's Bluff AlterNet
When the gamblers bail out the casino Asia Times Online
Think Progress - Nolan Chart LLC
all 498 news articles
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With Change, Era Of Investment Banks Ends - NPR

Aljazeera.net

With Change, Era Of Investment Banks Ends
NPR - 1 hour ago
by Jim Zarroli All Things Considered, September 22, 2008 · Goldman Sachs and Morgan Stanley, the last two big independent investment banks, announced Sunday .
Do not exaggerate investment bankings death Financial Times
Mergers expected as Goldman Sachs and Morgan Stanley give up . Telegraph.co.uk
google news commentComment by Christopher Whalen Managing Director, Institutional Risk Analytics
guardian.co.uk - CNNMoney.com
all 3,021 news articles
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Euro investment bank in talks with Indian clean tech sector (EETimes)
Europe's leading private banking group is in talks with Indian clean technology companies to offer investment services and to help them list on the Frankfurt Stock Exchange...

Investment Banking is dead :(
WASHINGTON/PHILADELPHIA (Reuters) - Goldman Sachs and Morgan Stanley were granted approval on Sunday to become bank holding companies regulated by the US Federal Reserve, effectively killing off the investment banking model that has ...

Investment banking evolves into new model - Reuters

Reuters

Investment banking evolves into new model
Reuters - 8 hours ago
The two were the only big independent US investment banks left after the failure of Lehman Brothers (LEH.N: Quote, Profile, Research, Stock Buzz) and the .
A week that changed Wall St and beyond Stuff.co.nz
US moves take heat off banks for shotgun mergers Reuters
UPDATE 1-BofA's big challenge seen keeping Merrill advisers Reuters
Reuters - Reuters
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Lehman Brothers can sell investment banking, trading businesses to Barclays, judge rules (Fort Worth Star-Telegram)
NEW YORK EUR” A bankruptcy judge decided just after midnight Saturday that Lehman Brothers can sell its investment banking and trading businesses to Barclays, the first major step to wind down the nations fourth-largest investment bank...

Hopes rise for 1000 Lehman City jobs - Telegraph.co.uk

GulfNews

Hopes rise for 1000 Lehman City jobs
Telegraph.co.uk, United Kingdom - 49 minutes ago
Barclays, which is already buying Lehmans' US investment banking operations for about 1bn, is one obvious bidder for the UK investment banking business, .
Wall Street falls again as $700bn bailout is delayed by political . Times Online
Nomura up on talk of Lehman buy BBC News
Nomura grabs Lehman Asia unit; Europe next guardian.co.uk
Bloomberg - Telegraph.co.uk
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U.S. investment banking era ends (Moldova.org)
The U.S. Federal Reserve ended an era on Wall Street Sunday, agreeing to allow two investment banks to change structures to become bank holding companies.Morgan Stanley and Goldman Sachs, the remaining two large U.S. investment banks, requested the change, which gives them greater access to federal lending but additional regulatory oversight.Previously regulated by the Securities and Exchange ...

Wall St sees death of investment banking
It was the end of an era on Wall Street as the US Federal Reserve granted permission for the last two major investment banks Goldman Sachs and Morgan Stanley to become bank holding companies in order to stay in business. ...

Commentary: Not only markets, but capitalist system faces makeover - MarketWatch

Washington Post

Commentary: Not only markets, but capitalist system faces makeover
MarketWatch - 22 hours ago
Now that the chasm between commercial and investment banking is all but closed, look for much more of the Street to be subject to tighter controls. .
Overnight, the financial industry re-formed Arizona Republic
Cultural and Structural Shifts Rise Out of Risk-Taking Titans . Washington Post
Terminal velocity Asia Times Online
Jackson Sun - Toronto Star
all 780 news articles
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Japan's MUFG to Take Stake in Morgan Stanley - Wall Street Journal Blogs

Telegraph.co.uk

Japan's MUFG to Take Stake in Morgan Stanley
Wall Street Journal Blogs, NY - 4 hours ago
The two firms are still talking on the price but based on the US investment bank's book value at the end of August, the deal would be worth about 900 .
Mitsubishi to buy up to 20 pct Morgan Stanley stake Reuters India
MUFG to buy 10-20% of Morgan Stanley Financial Times
Mitsubishi to buy up to 20 percent Morgan Stanley stake Reuters
Radio New Zealand - Bloomberg
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U.S. investment banking era ends (UPI)
WASHINGTON, Sept. 22 (UPI) -- The U.S. Federal Reserve ended an era on Wall Street Sunday, agreeing to allow two investment banks to change structure to become bank holding companies...

India and China hoping to gain talent as Wall Street lays off bankers - International Herald Tribune

India and China hoping to gain talent as Wall Street lays off bankers
International Herald Tribune, France - Sep 20, 2008
He added that Tata was looking to ramp up investment banking and private equity. In China, too, some Lehman bankers have begun to look for jobs, .
Video: Black Monday On Wall Street CBS
Bringing down the houses that built America's economy Globe and Mail
BofA, Barclays get bigger shot at commodities guardian.co.uk
IFR Asia - Vanguard
all 775 news articles
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Analysis: Investment banking evolves into new model (USA Today)
The transformation of Goldman Sachs (GS) and Morgan Stanley (MS) into bank holding companies has accelerated the dismantling of the standalone investment bank model, putting the business into the hands of big universal banks or boutiques...

U.S. investment banking era ends (Moldova.org)
The U.S. Federal Reserve ended an era on Wall Street Sunday, agreeing to allow two investment banks to change structure to become bank holding companies.Morgan Stanley and Goldman Sachs, the remaining two large U.S. investment banks, requested the change, which gives them greater access to federal lending but additional regulatory oversight.Previously regulated by the Securities and Exchange ...

Morgan Stanley And Goldman Sachs Shed Investment Banking
Goldman Sachs and Morgan Stanley have abandoned their investment banking status in return for a cover under the Fed to survive the current US financial storm. Under the radical revamp, two banks will be transformed into bank holding ...

The End of Investment Banking
This past weekend signaled the end of an era in American capitalism with the two remaining US Investment Banks changing their status under SEC rules. Goldman Sachs and Morgan Stanley will formally shift themselves into Bank Holding ...

Private investment banking in America, dead at 75
It effectively returns Wall Street to the way it was structured before Congress passed a law during the Great Depression separating investment banking from commercial banking, known as the Glass-Steagall Act. ...

Era of banking high-rollers ends (The Telegraph)
Sept. 22: Rest in peace, risk. The high priests of investment banking have been buried...

Do not exaggerate investment bankings death (Financial Times)
Did the eight days between Sunday September 14 and Sunday September 21, 2008 mark the death of the investment bank? Lehman Brothers went bust, Merrill Lynch gave up and Goldman Sachs and Morgan Stanley became regulated banks...

How Death of Investment Banking Will Affect Emerging Markets
Since 2005, both the share and percentage of emerging-market investment banking saw dramatic growth. In 2005, investment-banking revenue from emerging markets accounted for almost $40 billion, or 16% of the global investment-banking ...

Asian Market Update: The end of the traditional investment banking . - Fxtraders.eu

CTV.ca

Asian Market Update: The end of the traditional investment banking .
Fxtraders.eu, Poland - 15 hours ago
. The Fed approved Goldman and Morgan Stanley requests to become bank holding companies, a move that ends the traditional investment banking model. .
Asian markets fall as worries increase CNN International
The lessons we need to learn for when the next bubble bursts Telegraph.co.uk
The Scramble to Save Global Markets THISDAY
Bits of News - Crain's Detroit Business
all 1,436 news articles
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Russia's top investment bank eyes global expansion - Economic Times

The Moscow Times

Russia's top investment bank eyes global expansion
Economic Times, India - 11 hours ago
MOSCOW: Russia's biggest investment bank on Monday said it would take advantage of global financial turmoil to expand internationally after unveiling a .
Metals tycoon to buy half of Russia's RenCap Times of India
Onexim will buy a 50% stake in Renaissance Capital MarketWatch
Billionaire to buy half of major Russian bank International Herald Tribune
Reuters - guardian.co.uk
all 125 news articles
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The day investment banking died
In writing a presentation for a conference I'm speaking at today and tomorrow, I put this into the last slide: "Remember September 21 as the day the investment banking industry died." It hasn't disappeared, certainly not in the world, ...

US Fed to regulate investment banking
In a historic move the US federal reserve grants bank holding status to Goldman Sachs and Morgan Stanley...



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