Top Investment Banking News for 09/22/2008
Turmoil to lessen the role of investment banks - The Australian
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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
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With Change, Era Of Investment Banks Ends - NPR
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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
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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
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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
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Japan's MUFG to Take Stake in Morgan Stanley - Wall Street Journal Blogs
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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
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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
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Russia's top investment bank eyes global expansion - Economic Times
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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... |



Comment by Christopher Whalen



