Top Investment Banking News for 09/30/2008



Never glad confident morning again? - Financial Times

Hürriyet

Never glad confident morning again?
Financial Times, UK - Sep 27, 2008
The events have confirmed beyond doubt what bankers around the world have gradually come to recognise: investment banking's long boom is over and several .
The Lost Tycoons New York Times
Brokers Becoming Banks? The Press Got It Wrong Seeking Alpha
Deepening financial crisis engulfs the banking industry Telegraph.co.uk
Wilkes Barre Times-Leader - Euro Week
all 43 news articles
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Global banks flush with cashEUR”but short on desire to lend it
(Reuters)EUR”Central banks and regulators scrambled on Tuesday to relieve the strain on financial markets frazzled by another hefty blow to confidence, this time from the rejection by US...

When big ticket investment banks change their stripes - Hindu

Boston Globe

When big ticket investment banks change their stripes
Hindu, India - Sep 28, 2008
Major investment banks, at least the surviving ones, have converted themselves into commercial banks. What will be their future role in India? .
To Save Wachovia, Restore Glass-Steagall Executive Intelligence Review (EIR)
Regional banks NatCity, Fifth Third and Sovereign get seriously . FinancialWeek (subscription)
Wachovia to keep some units after Citigroup deal Boston Globe
Wall Street Journal - istockAnalyst.com (press release)
all 204 news articles
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Market Turmoil Overshadows First-Half Gains by Investment Banks . - MarketWatch

Market Turmoil Overshadows First-Half Gains by Investment Banks .
MarketWatch - 5 hours ago
BOSTON, MA, Sep 30, 2008 (MARKET WIRE via COMTEX) -- Investment banks achieved a $15 billion turnaround in revenues in the second quarter of 2008, .
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The Current Crisis: A Socialist Perspective - Socialist Project

Thanh Nien Daily

The Current Crisis: A Socialist Perspective
Socialist Project, Canada - 7 hours ago
It also led to the increased blurring of the lines between commercial and investment banking, insurance and real estate in the FIRE sector of the US economy .
Financial crisis sends Bush standing on his head Inquirer.net
How did we get here? Adelaidenow
Banks next big hurdle: Raising cash MSNBC
guardian.co.uk - DetNews.com
all 573 news articles
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National Investment Banking Assoc. Conference Hosts Entrex CEO .
TIGRcubs operate simply by exchanging a sum of capital for a fixed percentage of a companys top-line revenue for an agreed upon period of time, said Watkins. [SANEPR 29 September, 2008]..

NZ's Pyne Gould to seek banking licence (Reuters via Yahoo! Philippines News)
WELLINGTON, Sept 30 (Reuters) - New Zealand investment company Pyne Gould Corp Ltd will seek a banking licence to become the only domestically owned listed bank, the company said on Tuesday...

Reliance Money ventures into investment banking
The licence allows Reliance Money to provide a wide range of investment banking services such as issue management, underwriting, private equity advisory/syndication and corporate finance services in India. The company will initially ...

UBS Tops Investment Bank Revenue For Jan-Sep In Asia - Dealogic - CNNMoney.com

UBS Tops Investment Bank Revenue For Jan-Sep In Asia - Dealogic
CNNMoney.com - 5 hours ago
HONG KONG -(Dow Jones)- UBS AG (UBS) kept its top place in investment banking revenue in Asia during the first nine months of this year, .
UPDATE: Japan Jan-Sep Invest Banking Revenue At 5-Year Low CNNMoney.com
all 7 news articles
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Citi-Wachovia: a Banking Behemoth Is Born (New York Times)
Consolidation of the banking industry continues. Citigroup s agreement Monday to buy Charlotte, N.C.-based Wachovia gives it Wachovias retail and investment banking operations for a price of $2.1 billion, which equates to just $1 a Wachovia share...

Morgan Stanley Gets $9 Billion From Mitsubishi
MUFG, Japan's largest financial group and the world's second largest bank holding company with $1.1 trillion in bank deposits, and Morgan Stanley, a global financial services firm and a market leader in investment banking, ...

The investment banking dream is gone (MENAFN)
The investment banking dream is gone..

Economy brings difficulty to investment banking interns
Resham Sapru played all her cards right. She did everything an aspiring investment banker should do: she was a devoted student, networked ardently and interned with Citibank during the summer. Any other year, that internship with ...

The Great Bank Rush of 2008: What's the Money For? - Seeking Alpha

The Great Bank Rush of 2008: What's the Money For?
Seeking Alpha, NY - 18 hours ago
The sentence read, "The Fed also suspended rules that prohibit banks from using deposits to fund their investment banking subsidiaries. .
Video: Wall Street watches Washington ReutersVideo
Ctrl BG: A Shortcut to Financial News 9/28 A Pakistan News
Goldman targets failed banks deposits FinancialWeek (subscription)
Seattle Post Intelligencer - Seattle Times
all 3,682 news articles
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Mentor Capital, Inc. Announces Opposition to Bailout Bill - MarketWatch

Mentor Capital, Inc. Announces Opposition to Bailout Bill
MarketWatch - 16 hours ago
Executives and advisors at these banks, investment banks and institutions knew they were taking risk and went for it. "Go big, or go home," was the motto .
Mentor Capital, Inc. Proposes $120 Billion Claw-back Plan MarketWatch
all 17 news articles
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Deals Inked for Morgan Stake, Neuberger
More than ever, you can't read the list of investment-banking players without a program. The latest changes: Mitsubishi UFJ Financial Group, investing $9 billion in equity in Morgan Stanley, and Bain Capital Partners LLC and Hellman ...

Reliance Money to enter investment banking biz (The Hindu)
MUMBAI: Anil Dhirubhai Ambani Group Reliance Money on Tuesday said it will foray into the investment banking sector and has obtained a merchant banking licence from market regulator Securities Exchange Board of India...

Reliance Money to enter investment banking biz (Business Standard India)
Anil Dhirubhai Ambani Group Reliance Money today said it will foray into the investment banking sector and has obtained a merchant banking licence from market regulator Securities Exchange Board of India...

As global giants go bust, Reliance Money enters investment banking
Mumbai: Reliance Money, or R-Money, the equity brokerage arm of Reliance Capital Ltd, part of the Reliance-Anil Dhirubhai Ambani Group (R-Adag) of companies, is entering the investment banking business at a time when several global ...

Reliance Money to enter investment banking biz - Business Standard

Reliance Money to enter investment banking biz
Business Standard, India - 59 minutes ago
PTI / Mumbai September 30, 2008, 13:34 IST Anil Dhirubhai Ambani Group Reliance Money today said it will foray into the investment banking sector and has .
Reliance Money ventures into investment banking Economic Times
all 6 news articles
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KBW Announces Changes to KBW Bank Index (BKX), KBW Mortgage Finance Index (MFX), KBW Regional Banking Index (KRX) (Centre Daily Times)
Keefe, Bruyette & Woods, Inc., a full service investment bank that specializes in the financial services sector, and a wholly-owned subsidiary of KBW, Inc. (NYSE: KBW), today announced upcoming changes to the KBW Bank Index (Index Symbol: BKX(SM), ETF Symbol: KBE(SM)), KBW Regional Banking Index (Index Symbol: KRX(SM), ETF Symbol: KRE(SM)), and KBW Mortgage Finance Index (Index Symbol: MFX(SM))...

Economy brings difficulty to investment banking interns (Daily Illini)
Resham Sapru played all her cards right. She did everything an aspiring investment banker should do: she was a devoted student, networked ardently and interned with Citibank during the summer. Any other year, that internship with Citibank would have basically guaranteed a full-time position right after graduation, she said...

Reliance Money forays into Merchant Banking
This new license allows Reliance Money to provide a wide range of investment banking services such as Issue Management, Underwriting, Private Equity Advisory/ Syndication and Corporate Finance services in India. ...

Landscape shifts for investment banks - Financial Times

Washington Post

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
Mergers expected as Goldman Sachs and Morgan Stanley give up . Telegraph.co.uk
guardian.co.uk - Motley Fool
all 2,831 news articles
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Citigroup to buy Wachovia's banking operations (BizJournals)
Citigroup Inc. has agreed to buy Wachovia Corp.s banking operations. New York-based Citigroup will pay $2.1 billion to Wachovia for its retail bank, corporate and investment bank and wealth-management businesses. (C) (WB) (WFC)..

Reliance Money Enters Investment Banking
Even as global asset managers face a backlash in the wake of the credit crisis,this has not forced a few to retreat from their plans to foray into investment banking. Reliance Money, the retail brokerage and distribution arm of Anil ...

Citigroup to buy Wachovia's banking operations (BizJournals)
Citigroup Inc. has agreed to buy Wachovia Corp. s banking operations. New York-based Citigroup will pay $2.1 billion to Wachovia for its retail bank, corporate and investment bank and wealth-management businesses. The company will also assume $53 billion in Wachovias senior and subordinated debt. (C) (WB) (WFC)..

Reliance Money Enters Investment Banking
The license allows Reliance Money to offer a range of investment banking services such as issue management, underwriting, private equity advisory & syndication besides corporate finance services in India. The company is infact eyeing ...

Citigroup to buy Wachovia's banking operations (BizJournals)
Citigroup Inc. has agreed to buy Wachovia Corp.'s banking operations. New York's Citigroup will pay $2.1 billion to Wachovia for its retail bank, corporate and investment bank and wealth-management businesses. The company will also assume $53 billion in Wachovia's senior and subordinated debt. (C) (WB) (WFC)..

Morgan Stanley Completes Mitsubishi Deal - New York Times

Reuters

Morgan Stanley Completes Mitsubishi Deal
New York Times, United States - 18 hours ago
The two companies also announced a strategic alliance with a focus on corporate and investment banking. The arrangement remains subject to regulatory .
Morgan Stanley to get $9 bln investment from Mitsubishi UFJ Trading Markets (press release)
Deals Inked for Morgan Stake, Neuberger CFO.com Magazine
Mitsubishi UFJ Loses $506 Million in One Day on Morgan Stanley Bloomberg
The Asian Banker (subscription) - AHN
all 262 news articles
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