Top Investment Banking News for 09/23/2008



Lehman Businesses Open Under Barclays Ownership - Wall Street Journal

Voice of America

Lehman Businesses Open Under Barclays Ownership
Wall Street Journal - Sep 22, 2008
"The Barclays-Lehman Brothers partnership is now a reality," said Bob Diamond, chief executive of Barclays Investment Banking and Investment Management. .
Lehman units acquired by Barclays reopen Reuters
Barclays (BCS) Lights Up New York's Time Square StreetInsider.com (subscription)
Barclays' booster: picking up the juicy bits of Lehman guardian.co.uk
Bloomberg - Times Online
all 3,458 news articles
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Duff & Phelps hires managing director to investment banking practice (Banking Business Review)
Duff & Phelps Corporation, a provider of independent financial advisory and investment banking services, has named Paul Teuten as a new managing director in the firms London office...

Nomura Continues Global Push With Lehman's European Equities and .
Nomura, the pre-eminent Asian-based investment bank, today announced it had reached an agreement to acquire the European and Middle Eastern equities and investment banking operations of Lehman Brothers...

Nomura buys Lehman's Europe investment bank arm - Reuters

Canada.com

Nomura buys Lehman's Europe investment bank arm
Reuters - 7 hours ago
T: Quote, Profile, Research, Stock Buzz) agreed to buy Lehman Brothers' equities and investment banking business in Europe and the Middle East, .
Investment banking evolves into new model Reuters
US moves take heat off banks for shotgun mergers Reuters
TOPWRAP 2-Lehman Europe deal eyed; Paulson pushes bailout Reuters
Reuters - Reuters
all 1,195 news articles
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End of the investment banking giants nears (Asia News Network)
On Sunday (Sept 21), the US Federal Reserve moved quickly to grant a request by the country's last two major investment banks--Goldman Sachs and Morgan Stanley--to change their status to bank holding companies...

Nomura Continues Global Push With Lehman's European Equities and .
TOKYO and LONDON, September 23 /PRNewswire/ -- Nomura, the pre-eminent Asian-based investment bank, today announced it had reached an agreement to acquire the European and Middle Eastern equitie.. - Read more...

Sector Spotlight: Investment Banks (The Ones Left) - Wall Street Journal Blogs

Wall Street Journal Blogs

Sector Spotlight: Investment Banks (The Ones Left)
Wall Street Journal Blogs, NY - Sep 22, 2008
Maybe thats why Raymond James Financial of St. Petersburg, Fla., now poised to become the nations largest investment bank, is down 9% after a downgrade .
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This Essential Report on Global Investment Banking & Brokerage is Available Now (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Global Investment Banking & Brokerage" report to their offering...

How Investment Bankers are Helping Argentina (Portfolio.com via Yahoo! Finance)
Amazingly, amidst all the financial-market chaos, there is still old-fashioned shoe-leather investment banking going on, and some of it is very ambitious: Citigroup Inc., Barclays Plc and Deutsche Bank AG proposed a debt-restructuring plan to Argentina that may help the country raise cash as declining commodity exports curb tax revenue, a government official said...

Nomura Buys Lehman's Europe Banking, Equities Units (Update3) (Bloomberg.com)
Sept. 23 (Bloomberg) -- Nomura Holdings Inc. , Japan's biggest securities firm, agreed to buy Lehman Brothers Holdings Inc.'s investment banking and equities unit in Europe, saying it would keep on most of the firm's 2,500 employees in London...

Investment Banking Crisis and You
It took the destruction of the investment bank system to make congress act. About a year ago when African Americans were losing their homes the government could not be moved. It was not just African Americans who were hurting, ...

Nomura Continues Global Push With Lehman's European Equities and Investment Banking Businesses (PR Newswire via Yahoo! Finance)
Nomura, the pre-eminent Asian-based investment bank, today announced it had reached an agreement to acquire the European and Middle Eastern equities and investment banking operations of Lehman Brothers...

Dodge the Pitfalls and Uncover the Profits From the $700 Billion .
Lets begin with the implications for investment banking. There arent any, because there will no longer be any investment banks. The decision by Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS) to apply for banking licenses means ...

The end of investment banking as we know it?
Do you remember the old REM song "It's the end of the world as we know it"? Well they could have been singing about this past week in finance (except the feeling fine part maybe.). The latest manifestation is the news of yesterday ...

8 Lehman SPVs owe 2 banks P3.6B - Inquirer.net

8 Lehman SPVs owe 2 banks P3.6B
Inquirer.net, Philippines - 4 hours ago
By Doris Dumlao Bankrupt American investment banking icon Lehman Brothers Holdings Inc., which gobbled up bad assets from Philippine banks in bulk over the .
Metrobank jumps gun on Lehman creditors Inquirer.net
all 13 news articles
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Investment Banking the Road to Riches
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The Death of Investment Banking and the Price of Oil
The move effectively repeals 1933s Glass Steagel Act, which separated investment banking activities from commercial banks. The government can now tell Goldman or Morgan to keep higher capital reserves and take less risks in exchange ...

Nomura Continues Global Push With Lehman's European Equities and . - MarketWatch

Telegraph.co.uk

Nomura Continues Global Push With Lehman's European Equities and .
MarketWatch - 9 hours ago
The acquisition will provide Nomura with a market leading equities and investment banking platform in the region and further enhance Nomura's strategy of .
Nomura buys Lehman's Europe investment bank arm Reuters UK
Banking crisis: Nomura buying European arm of Lehman Brothers guardian.co.uk
Nomura Continues Global Push With Lehman's European Equities and . International Business Times
Telegraph.co.uk - International Herald Tribune
all 1,369 news articles
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Who is Going to do Investment Banking Now?
The answer, George Gilder tells me, may be hedge funds. The disappearance of Lehman Brothers and the transformation of Morgan and Goldman Sachs into heavily regulated commercial banks presents an opportunity for entrepreneurial risk ...

Buffett boosts Goldman Sachs with $5 billion investment - Los Angeles Times

Citizen

Buffett boosts Goldman Sachs with $5 billion investment
Los Angeles Times, CA - 29 minutes ago
Dependence on the capital markets is what sank rival investment banks Bear Stearns and Lehman Bros. this year as the credit crisis deepened. .
Goldman to Raise $7.5 Billion From Berkshire, Public (Update1) Bloomberg
Berkshire Hathaway to Invest $5 Billion in Goldman Sachs WELT ONLINE
Berkshire Hathaway invests $5B in Goldman Sachs The Daily Deal (subscription)
Economic Times
all 380 news articles
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Nomura Snaps up Lehman's European. Middle Easterm Equities .
Nomura has announced an agreement to acquire the European and Middle Eastern equities and investment banking operations of Lehman Brothers...

Analysis: Investment banking evolves into new model - USA Today

Sify

Analysis: Investment banking evolves into new model
USA Today - 19 hours ago
The two were the only big independent US investment banks left after the failure of Lehman Bros. and the agreed takeover of Merrill Lynch last week. .
Last Two Big Investment Banks Reinvent Their Businesses New York Times
With Change, Era Of Investment Banks Ends NPR
google news commentComment by Christopher Whalen Managing Director, Institutional Risk Analytics
Christian Science Monitor - Financial Times
all 2,801 news articles
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Nomura Buys Lehman's Europe Banking, Equities Units (Update1) (Bloomberg.com)
Sept. 23 (Bloomberg) -- Nomura Holdings Inc. , Japan's biggest securities firm, agreed to buy Lehman Brothers Holdings Inc.'s European and Middle Eastern investment banking and equities operations after saying yesterday it would acquire the bank's Asian unit...

Nomura buys Lehman's Europe investment bank arm (Reuters via Yahoo! News)
Japan's Nomura has agreed to buy Lehman Brothers' equities and investment banking business in Europe and the Middle East in its second swoop on the business of the bankrupt U.S. bank in less than 24 hours...

Nomura acquires Lehmans European investment business
The deal, which includes investment banking and equities units in the Netherlands, Qatar, Dubai, Kuwait, the UK, Italy, Germany and Sweden, comes one day after Nomura agreed to buy Lehmans Asia-Pacific operations, for around $225 ...

Krawcheck Is Leaving Citigroup - Wall Street Journal

Krawcheck Is Leaving Citigroup
Wall Street Journal - 15 hours ago
Michael Corbat, the head of the corporate and commercial bank within Citigroup's investment-banking division, is succeeding Ms. Krawcheck at the helm of the .
Most Prominent Woman on Wall Street Is Out at Citi New York Times
Private Banks Put Clients FirstEURŠAfter Products Wall Street Journal Blogs
Krawcheck out at Citigroup InvestmentNews
Minneapolis Star Tribune - guardian.co.uk
all 106 news articles
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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...

Domestic firms act on global aspirations/ MUFG, Nomura take . - The Daily Yomiuri

China Daily

Domestic firms act on global aspirations/ MUFG, Nomura take .
The Daily Yomiuri, Japan - 5 hours ago
MUFG hopes to boost its profits by strengthening its investment banking operations, which are expected to further grow, according to the company sources. .
Japan's MUFG to Take Stake in Morgan Stanley Wall Street Journal Blogs
Mitsubishi to buy up to 20 pct Morgan Stanley stake Reuters India
MUFG to buy 10-20% of Morgan Stanley Financial Times
Los Angeles Times - Reuters
all 679 news articles
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Commentary: Not only markets, but capitalist system faces makeover - MarketWatch

Washington Post

Commentary: Not only markets, but capitalist system faces makeover
MarketWatch - Sep 21, 2008
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
Daily Reckoning - Australian Edition - Toronto Star
all 890 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...



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