Top Investment Banking News for 09/29/2008
| HSBC cuts 1,100 investment banking jobs (rediff.com) "HSBC slashed 1,100 jobs in its investment banking division as the financial group tightened its belt due to the slump in the financial markets," The Financial Times reported on Thursday... | ||
Marsh on Monday: The investment banking dream is gone (Market Watch) My boy, why don't you take up engine-driving?.. | ||
Bailout deal will give stock warrants to taxpayers (Reuters)EUR”US... | ||
Anxious Depositors Withdraw Cash From Asian Bank - New York Times Blogs
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Downunder Daily : Necessary, Not Sufficient Facts and views presented in Morgan Stanley Research have not been reviewed by, and may not reflect information known to, professionals in other Morgan Stanley business areas, including investment banking personnel. ... | ||
With one triumphant deal, Nomura tells the world: Japan is back - Times Online
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HSBC cutting1,100 jobs in investment banking ops (The Star) HONG KONG: Global bank HSBC Holdings is cutting 1,100 jobs in its investment banking operations, or 4% of the units total, as it weathers the global financial crisis... | ||
Their wounds have healed. Now Japan's banks are on the hunt again - guardian.co.uk
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Merrill Hires Chapman, Five Lehman Bankers For Power (Update2) (Bloomberg) Chapman was hired as director and head of Asia power investment banking. Other hires in Hong Kong include Anoop Chaudhry , who joins as a vice president, a position he also held at Lehman... | ||
HSBC Cuts 1100 Investment Banking Jobs Worldwide True enough, today, I read in the news that HSBC has slashed 1100 investment banking jobs worldwide. This is no thanks to the credit crunch in the United States, affecting worldwide markets. If this could happen to a banking group as ... | ||
Bank of China open to Wall Street buys (Reuters)EUR”Bank of China, the countrys largest foreign-exchange lender, is open to buying into US banks in the wake of the global financial crisis, a senior executive said on Sunday... | ||
More on Glass-Stegall There has a been a lot of talk recently about the Banking Act of 1933, commonly known as the Glass-Steagall Act, especially those provisions of the act that concerned the separation of commercial from investment banking, which is what ... | ||
Landscape shifts for investment banks - Financial Times
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A painful detour on the road to Wall Street riches - Houston Chronicle
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Banks and hedge funds embrace the pain - Financial News
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The Liquidity Crisis So that's the impetus for trying to bail out the entire investment banking system - because it's cheaper than bailing out the entire traditional banking system. Once again, of course Bernanke and Paulson could be wrong. ... | ||
HSBC cuts 1,100 jobs in investment banking unit (Business Standard India) Banking major HSBC has cut 1,100 jobs in its investment banking division due to turmoil in the financial markets, a media report said... | ||
Goldman Sachs & Nomura's Strategy Some observers argue that the high-leveraged investment banking era is over, and that Goldman Sachs has made a graceful exit from stand-alone investment banking to a bank holding company (BHC) model at just the right time. ... | ||
When big ticket investment banks change their stripes - Hindu
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HSBC cuts 1,100 investment banking jobs (Reuters via Yahoo! News) Global bank HSBC Holdings is cutting 1,100 jobs in its investment banking operation, or 4 percent of the unit's total, as it weathers the global financial crisis... | ||
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 ... | ||
Hale "Bonddad" Stewart: Who's To Blame For the Mess We're In? But by allowing these two types of very different business models to join together commercial banking was now exposed to the far riskier business of investment banking. This means the possibility of risk to the commercial bank was ... | ||
Investment banking model is dead, says Roche David Roche gives his view on what the financial sector will look like after the current credit crisis, which he says was created by excess liquidity and the shift to a "new monetarism" model... | ||
Wilmers on Wall Street: EUR˜Its very serious - Buffalo News
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China Minsheng Banking Corp. Chooses Surecomp Integrated Trade Finance Solution End-to-end solution to automate China . (Finance Technology Network) Beijing-based China Minsheng Banking Corporation (CMBC) has selected a straight-through processing end-to-end trade finance solution from Surecomp (Hoboken, N.J.) to automate its trade service operations... | ||
China Minsheng Banking Corp. Chooses Surecomp Integrated Trade Finance Solution (BankTech) End-to-end solution to automate China Minshengs trade service operations. Beijing-based China Minsheng Banking Corporation (CMBC) has selected a straight-through processing end-to-end trade finance solution from Surecomp (Hoboken, N.J.) to automate its trade service operations... | ||
Credit crisis a boon to one-stop banking (San Francisco Chronicle) The implosion of two of the nation's leading investment banks has thrust commercial banks into the spotlight. With their acquisition of investment banks and retail brokerages over the years, commercial banks have assumed a model more common in Europe, banking... | ||
SEC Failed In Bank Oversight, Report Says - Washington Post
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UBS, Abu Dhabi Investment Bid for Projects, Khaleej Times Says (Bloomberg) Sept. 28 (Bloomberg) -- UBS AG and Abu Dhabi Investment Co. are bidding for stakes in four Middle Eastern projects through their joint infrastructure fund, Khaleej Times reported, citing Mark Thompson, executive director of corporate finance and investment banking at state-owned ADIC... | ||
The investment banking dream is gone - MarketWatch
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