Top Investment Banking News for 10/04/2008



John Thain to lead important role after Bank of America-Merrill merger - TopNews

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John Thain to lead important role after Bank of America-Merrill merger
TopNews, India - 5 hours ago
Brians background in corporate development, wealth management and corporate and investment banking make him the ideal person to lead this initiative. .
Thain to head investment banking at BoA Reuters
Bank of America Says Thain to Lead Corporate, Investment Bank Bloomberg
Merrill's John Thain to lead Bank of America unit Boston Globe
Times Online - Reuters
all 286 news articles
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* UBS cuts 2000 investment banking jobs - guardian.co.uk

* UBS cuts 2000 investment banking jobs
guardian.co.uk, UK - Oct 2, 2008
In Switzerland, UBS AG, hardest hit among European banks by its exposure to subprime-related holdings, said it will cut 2000 investment banking jobs -- on .
Tokyo fares worst of Asian bourses The Australian
Asia urges action on US bailout as shares plunge The Associated Press
all 348 news articles
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UBS cuts 2000 jobs investment banking jobs - Reuters

Reuters

UBS cuts 2000 jobs investment banking jobs
Reuters - Oct 2, 2008
VX: Quote, Profile, Research, Stock Buzz) will reorganize its troubled investment bank, closing its commodities business and cutting a further 2000 jobs, .
FACTBOX-Investment banks in energy/commodity markets Forbes
UBS to cut 1900 banking and trading jobs Reuters UK
UBS seen announcing 1900 new job cuts-Bloomberg Reuters
Reuters - Reuters UK
all 216 news articles
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Switzerland's UBS bank to cut 2000 jobs at investment banking unit - Xinhua

swissinfo

Switzerland's UBS bank to cut 2000 jobs at investment banking unit
Xinhua, China - 20 hours ago
GENEVA, Oct. 3 (Xinhua) -- Switzerland's largest bank UBS announced on Friday that it would cut 2000 jobs at its investment banking unit which has been hit .
Investment banking business to be scaled back MarketWatch
UBS Cuts 2000 Investment Bank Jobs, Ends Commodities (Update4) Bloomberg
UBS to cut 2000 more investment banking jobs Washington Post
The Associated Press - WELT ONLINE
all 782 news articles
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Citichovia: How the New Investment Bank Shapes Up - Wall Street Journal Blogs

Citichovia: How the New Investment Bank Shapes Up
Wall Street Journal Blogs, NY - Sep 30, 2008
But the deal wont boost Citigroups investment bank very much. Wachovias investment bank was only a distant contender in the business of advising .
Video: Wells Fargo's bid for Wachovia ReutersVideo
Wells Fargo trumps Citi for bank Globe and Mail
Citi threatens legal action as Wells Fargo swoops on Wachovia Independent
ReportonBusiness.com - Wall Street Journal
all 4,327 news articles
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Thain to head investment banking, wealth at BofA (Reuters)
NEW YORK, Oct. 2, 2008 (Reuters) -- John Thain, the Merrill Lynch & Co Inc chief executive who engineered the firm's sale to Bank of America Corp, will head investment banking, securities and wealth management at the new company -- at ...

Senior Analyst Corporate Development / M&A (Investment Banking)
Details: Senior Analyst Corporate Development / M&A (Investment Banking) M&A / Corporate Development Senior Analyst Leading Fortu...

Switzerland's UBS bank to cut 2,000 jobs at investment banking unit (People's Daily)
Switzerland's largest bank UBS announced on Friday that it would cut 2,000 jobs at its investment banking unit which has been hit by the U.S. subprime loan crisis. "The Investment Bank will reduce net headcount by an additional2,000, bringing staffing levels to approximately 17,000 by year-end, a reduction of around 6,000 since the peak in third quarter 2007," UBS said in a statement. ...

Future dims for careers in investment banking (The Charlotte Observer)
The path to a high-powered career in investment banking suddenly is full of roadblocks for MBA students who have seen Wall Street drastically reshaped while they sit in the classroom. Just as many were eyeing a job market where starting salaries can far exceed $100,000, an era of giant investment banks came to a crashing end and the need for such specialists dwindled. Their plight may not elicit ...

Switzerland's UBS bank to cut 2000 jobs at investment banking unit
GENEVA, Oct. 3 (Xinhua) -- Switzerland's largest bank UBS announced on Friday that it would cut 2000 jobs at its investment banking unit which has been hit by the US subprime loan crisis. "The Investment Bank will reduce net headcount ...

Wall Street Wash - IndUS Business Journal

Wall Street Journal

Wall Street Wash
IndUS Business Journal, MA - 12 hours ago
The conversion of Morgan Stanley and Goldman Sachs Group Inc. from investment banks to bank holding companies, as well as the previous acquisitions of Bear .
European Banks Look to Pick Up Americas Pieces New York Times
Never glad confident morning again? Financial Times
Wall Street's New Geography Financial-Planning.com
Telegraph.co.uk - Center for Research on Globalization
all 124 news articles
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UBS to cut 2,000 more jobs, scale back investment banking arm (Market Watch)
Switzerlands UBS says Friday that it will slash a further 2,000 jobs at its investment banking arm as it cuts costs and scales back its fixed income and commodities operations...

Investment banking careers dim for MBA students - CNNMoney.com

Investment banking careers dim for MBA students
CNNMoney.com - 23 hours ago
NEW YORK (Associated Press) - The path to a high-powered career in investment banking suddenly is full of roadblocks for MBA students who have seen Wall .
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UBS To Cut Another 2,000 Investment Banking Jobs (Fox News)
UBS To Cut Another 2,000 Investment Banking Jobs..

Investment banking careers dim for MBA students
Associated Press - October 3, 2008 5:04 PM ET CHICAGO (AP) - The path to a high-powered career in investment banking suddenly is full of roadblocks for MBA students who have...

UBS pares investment banking, to cut 2,000 jobs (Washington Post)
ZURICH/NEW YORK (Reuters) - UBS AG said it is cutting another 2,000 jobs at its troubled investment bank and closing most of its commodities business but will remain a universal bank and will not quit investment banking completely...

UBS to Cut 2000 More Investment Banking Jobs
UBS is to further slim down its troubled investment bank, cutting another 2000 jobs and closing most of its commodities business, the bank said on Friday, signaling it might want to hang on to the business. The news comes a day after ...

UBS pares investment banking, to cut 2,000 jobs (Reuters via Yahoo! News)
UBS AG said it is cutting another 2,000 jobs at its troubled investment bank and closing most of its commodities business but will remain a universal bank and will not quit investment banking completely...

Investment banking careers dim for MBA students (AP via Yahoo! Finance)
The path to a high-powered career in investment banking suddenly is full of roadblocks for MBA students who have seen Wall Street drastically reshaped while they sit in the classroom...

Thain to head investment banking, wealth at BofA (Washington Post)
NEW YORK (Reuters) - John Thain, the Merrill Lynch & Co Inc chief executive who engineered the firm's sale to Bank of America Corp, will head investment banking, securities and wealth management at the new company -- at least for now...

Investment Banking Loses Its Allure In Dubai
Dubai may no longer be the kind of haven for investment banking industry professionals it once was because of the global financial sector's spreading woes...

Investment banking careers dim for MBA students - CNNMoney.com
Investment banking careers dim for MBA students CNNMoney.com - 10 hours ago NEW YORK (Associated Press) - The path to a high-powered career in investment banking suddenly is full of roadblocks for MBA students who have seen Wall EURŠ ...

Investment banking loses its allure (Zawya)
Dubai: Dubai may no longer be the kind of haven for investment banking industry professionals it once was because of the global financial sector's spreading woes...

ECONOMIC FORUM / Are investment banks too risky? - The Daily Yomiuri

Washington Post

ECONOMIC FORUM / Are investment banks too risky?
The Daily Yomiuri, Japan - Oct 1, 2008
The US securities firms set to receive capital-boosting support from the Japanese financial institutions are all investment banks, which until recently .
Mitsubishi UFJ Financial Group to Invest $9 Billion in Morgan Stanley WebWire (press release)
MUFG finalises $9 billion investment in Morgan Stanley FinanceAsia
MUFG may merge unit with Morgan Stanley Japan ops Reuters
guardian.co.uk - Times Online
all 473 news articles
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Percy S Mistry: Illusions, delusions and self-righteous indignation - Business Standard

Economist

Percy S Mistry: Illusions, delusions and self-righteous indignation
Business Standard, India - Oct 3, 2008
Investment banking as a discrete business model has got a heart attack and died. Over the weekend of September 27-28, there was a run on a Hong Kong bank, .
Wail Street! Malayala Manorama
Welcome to the USA Le Monde Diplomatique
The mother of all golden parachutes Asia Times Online
all 9 news articles
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Fieldstone Africa Investment Banking Firm visits Monate
A division of Fieldstone Africa Investment Banking Firm visited MonateEURŠ Although most of their time was spent in conferencing we did manage to squeeze in some fun events like game drives & a few games of volley - & swingball! ...

UBS Cutting 2000 I-Banking Jobs
ZURICH (Reuters) - UBS AG said on Friday it is cutting another 2000 jobs at its troubled investment bank and closing most of its commodities business but will remain a universal bank and will not quit investment banking completely. ...

Investment banking careers dim for MBA students
GRAZIADIO IN THE NEWS Professor Ed Fredericks said students recognize that the traditional route to investment banking _ getting into a companys training program, getting your MBA and getting hired back by the firm _ is drying up as ...

The financial crisis: How a string of bad loans led to a worldwide . - San Jose Mercury News

The financial crisis: How a string of bad loans led to a worldwide .
San Jose Mercury News,  USA - 16 hours ago
Investment banking firms like Bear Stearns and Lehman Brothers both were aggressively investing in these mortgage bundles. To complicate matters, they were .
The Problem Is Still Falling House Prices Wall Street Journal
all 5 news articles
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UBS pares investment banking, to cut 2,000 jobs (Yahoo! Asia News)
ZURICH (Reuters) - UBS AG said on Friday it is cutting another 2,000 jobs at its troubled investment bank and closing most of its commodities business but will remain a universal bank and will not quit investment banking completely...



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