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

Washington Post

Anxious Depositors Withdraw Cash From Asian Bank
New York Times Blogs, NY - Sep 25, 2008
Banks in Asia tend to follow the European model of combining commercial and investment banking, or relying just on commercial banking, instead of following .
Week of September 29, 2008 The Asian Banker (subscription)
Text rumours spark HK bank run Aljazeera.net
Li Kwok-po, Li Ka-shing buy BEA shares China Knowledge Online
China Daily - Forbes
all 857 news articles
..

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

Times Online

With one triumphant deal, Nomura tells the world: Japan is back
Times Online, UK - 9 hours ago
EURœbut we had been looking at the situation in investment banking ever since problems started erupting in August last year. When people started worrying about .
Nomura buys Lehman's Europe investment bank arm International Herald Tribune
Sayeed emerges as Nomuras taciturn problem solver Financial News
Nomura buys Lehman's Europe investment bank arm Reuters
Telegraph.co.uk - Financial Times
all 130 news articles
..

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

Boston Globe

Their wounds have healed. Now Japan's banks are on the hunt again
guardian.co.uk, UK - Sep 27, 2008
Last week alone, Japan's biggest investment banking group, Nomura, grabbed Lehman's Asian and European investment banking businesses from under the nose of .
Sumitomo Mitsui Said to Consider Goldman Investment (Update2) Bloomberg
REFILE-Japan's SMFG to invest in Goldman - media Forbes
Japan Inc. ventures abroad, again International Herald Tribune
The Australian - New York Times
all 286 news articles
..

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

Globe and Mail

Landscape shifts for investment banks
Financial Times, UK - Sep 24, 2008
So the decision by the two most prominent US investment banks to voluntarily submit themselves to scrutiny from the Federal Reserve is a vivid illustration .
Last Two Big Investment Banks Reinvent Their Businesses New York Times
With Change, Era Of Investment Banks Ends NPR
A Goldman Opportunity Motley Fool
Telegraph.co.uk - guardian.co.uk
all 2,746 news articles
..

A painful detour on the road to Wall Street riches - Houston Chronicle

A painful detour on the road to Wall Street riches
Houston Chronicle, United States - 3 hours ago
"But then (Hugh "Skip" McGee, global head of investment banking) gave this battle cry to the intern class that could have come straight out of Braveheart. .
Women on Wall Street: A Shrinking Club, or Not? Wall Street Journal Blogs
all 6 news articles
..

Banks and hedge funds embrace the pain - Financial News

Economist

Banks and hedge funds embrace the pain
Financial News, UK - 9 hours ago
The whole structure of the hedge fund and investment banking industries is going through revolution. Theres going to be a complete overhaul and dramatic .
UAE Investors, Banks Hit by US Turmoil Khaleej Times
Never glad confident morning again? Financial Times
Real economy left to its fate New Europe
New York Times - Telegraph.co.uk
all 83 news articles
..

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

Hindu

When big ticket investment banks change their stripes
Hindu, India - 13 hours ago
Major investment banks, at least the surviving ones, have converted themselves into commercial banks. What will be their future role in India? .
Autos, IT, FMCG, pharma are best sectors Moneycontrol.com
all 4 news articles
..

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

Wilmers on Wall Street: EUR˜Its very serious
Buffalo News,  United States - 21 hours ago
Q: What role do you think huge bonus checks and commissions all along the credit production line EUR” from mortgage brokers to investment banking executives .
..

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

AFP

SEC Failed In Bank Oversight, Report Says
Washington Post, United States - Sep 26, 2008
Grassley commissioned the audit of the SEC's supervision of Bear Stearns and other large investment banking firms in April. .
UPDATE: SEC Ends Consolidated Supervised Entities Program CNNMoney.com
SEC ends program to oversee investment banks Reuters
Audit Report Blasts SEC's Oversight of Bear Stearns CNBC
New York Times - guardian.co.uk
all 116 news articles
..

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

The investment banking dream is gone
MarketWatch - 4 hours ago
. wish to own a restaurant, the Swiss aim to be hoteliers, the Italians aspire to engineering, the British youth dreams of going into investment banking. .
..



Archives Main Index