Top Investment Banking News for 10/06/2008



The rise and fall of investment banks - Hindu Business Line

AFP

The rise and fall of investment banks
Hindu Business Line, India - Oct 5, 2008
Barely five months ago, five big investment banks straddled the five continents but now none of them exists in its original form. .
Wail Street! Malayala Manorama
Why India stands largely insulated from global financial crisis Economic Times
all 29 news articles
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UBS sheds 2000 more jobs from investment arm (vnunet.com)
AccountancyAge.com, UBS, which said it had made a EUR˜small profit in the third quarter, has confirmed it is downsizing its loss-making investment banking operations by 2000 jobs on top of the 4100...

Beat the Rush to the Banks - Washington Post

Beat the Rush to the Banks
Washington Post, United States - 5 hours ago
That's why banks are often called black boxes.Below, we suggest opportunities among three broad swaths of the banking sector: investment banks, .
After the merger frenzy, banking behemoths rule Sydney Morning Herald
all 6 news articles
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Analyst Resume EUR Writing Skills
Star analysts in investment banks are paid well. While some people move faster than others, you will normally move up to associate level after being a third year analyst. In ten years time, even you are at MD level, you are still ...

Wells, Citi wrestle over Wachovia
(Reuters)EUR”The US Federal Reserve is brokering discussions between Wells Fargo and Citigroup over which of the banks will buy Wachovias assets, people familiar with the matter said on Sunday...

Russ Ramsey Says Stick to Your Investment Plan (Washington Post)
I first bumped into Russ Ramsey, a co-founder of investment banking firm Friedman, Billings, Ramsey Group, at the FBR Open golf tournament in Phoenix about five years ago. Russ has been an investor in Washington and its technology scene for two decades, starting with some early home runs with Mark Warner, who went on to become governor of Virginia...

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...

C++ Developer - Investment Banking
C++ Developer - Investment Banking A hardcore C++ developer is required to join a Tier 1 investment bank based in London. The successful candidate will have strong C++ development skills on a Windows platform and ideally some commercial ...

Financial Markets After Bailout
Obviously the banks suffered major blowout, too severe to come out of it, this will mark as an end of investment banking era after the 75 years. Bankers now believe that there is no future in investment banking. ...

Paulson to name ex-Goldman banker as bailout boss: report
(Reuters)EUR”US...

SunTrust: A hunter or a target? - Atlanta Journal Constitution

SunTrust: A hunter or a target?
Atlanta Journal Constitution,  USA - 4 hours ago
That could change, however, as changes in banking laws become more likely. Investment banks such as Goldman Sachs and Morgan Stanley, which are being pushed .
Video: Wachovia Calls Order Blocking Sale 'invalid' AssociatedPress
Wells Fargo trumps Citi for bank Globe and Mail
UPI NewsTrack Business United Press International
guardian.co.uk - CNNMoney.com
all 6,878 news articles
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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...

Fuld Blames Lehman's Fall on Rumors, `Storm of Fear' (Update2) - Bloomberg

ABC News

Fuld Blames Lehman's Fall on Rumors, `Storm of Fear' (Update2)
Bloomberg - 1 hour ago
``This was not a lack of confidence in just Lehman Brothers, but part of what has been called a storm of fear enveloping the entire investment-banking field .
Video: Congress Opens Hearings on Financial Meltdown AssociatedPress
House panel fault's Lehman's leadership International Herald Tribune
Lehman's Fuld Says Lack Of Confidence Sparked Collapse RTT News
guardian.co.uk
all 783 news articles
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UBS sheds 2000 more jobs from investment arm (Accountancy Age)
UBS , which said it had made a EUR˜small profit in the third quarter, has confirmed it is downsizing its loss-making investment banking operations by 2000 jobs on top of the 4100 already shed following the start of the sub prime crisis last year...

Bank of America Says Thain to Lead Corporate, Investment Bank - Bloomberg

Sify

Bank of America Says Thain to Lead Corporate, Investment Bank
Bloomberg - Oct 2, 2008
Brian Moynihan will continue as president of global corporate and investment banking at the Charlotte, North Carolina-based company until the purchase of .
Thain to head investment banking at BoA Reuters
Buy, Sell or Hold: Bank of America Corp. Money Morning
John Thain to lead important role after Bank of America-Merrill merger TopNews
Boston Globe - Times Online
all 290 news articles
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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...

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 ...

USs big banks getting fit for new purpose - The Herald

Wall Street Journal

USs big banks getting fit for new purpose
The Herald, UK - 22 hours ago
The two renowned investment banking firms decided to morph into traditional bank holding companies, accepting onerous federal regulation in exchange for .
Wall Street Wash IndUS Business Journal
SEC Ends Voluntary Compliance for I-Banks CCH Wall Street
Never glad confident morning again? Financial Times
New York Times - Business Standard
all 324 news articles
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Investment Bank Regulation - American Enterprise Institute

Enter Stage Right

Investment Bank Regulation
American Enterprise Institute, DC - 3 hours ago
According to the article, the SEC assigned a pitifully small staff to regulating these huge investment banks, and as a result they took the imprudent .
Bill O'Reilly Battles Rep. Barney Frank Over Financial Crisis FOXNews
all 216 news articles
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Wall Street - Cold, Flat, and Broke
The concept of Wall Street investment banking was blown sky high when the remaining Goliaths Morgan Stanley and Goldman Sachs haemorrhaged sustaining huge losses and took the unprecedented step to covert themselves into low risk and ...

Frontier markets reap from bank job redundancies - Business Daily Africa

Sky News

Frontier markets reap from bank job redundancies
Business Daily Africa, Kenya - 2 hours ago
With hundreds of billions of dollars flushed down the drain and huge age old investment banking names now mere epitaphs in the annals of financial history, .
UBS to cut 2000 jobs The Punch
UBS layoffs may affect Houston Bizjournals.com
UBS sheds 2000 more jobs from investment arm Accountancy Age
Xinhua - MarketWatch
all 549 news articles
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UBS cuts 2000 jobs investment banking jobs - Reuters

Javno.hr

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 pares investment banking, to cut 2000 jobs Reuters Canada
UBS to cut 1900 banking and trading jobs Reuters UK
guardian.co.uk - Reuters
all 345 news articles
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Investment banking careers dim for MBA students (The Salt Lake Tribune)
CHICAGO - 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...

Tulip Mania
However, most of the bubbles in history did not cause the extinction of the investment banking business. This bubble has been markedly different in the severity of the liquidity crisis which has unfolded, and its effect on financial ...

Nomura to Close Acquisition of Lehman Brothers' Europe and Middle East Investment Banking and Equities Businesses on . (PR Newswire via Yahoo! Finance)
Nomura, the pre-eminent Asia-based investment bank, today announced that the conditions to closing the acquisition of Lehman Brothers' investment banking and equities businesses in Europe and the Middle East had been met...

Menendez to speak about the economy at investment group conference (The Jersey Journal)
Jersey Journal file photoSen. Robert Menendez, D-N.J., a member of the Senate Banking Committee. Sen. Robert Menendez, D-N.J., will be the keynote speaker today at the Investment Company Institute's Equity, Fixed-Income and Derivatives Market Conference in New York City....

Wall Street - Cold, Flat, and Broke - Desicritics.org

Calgary Herald

Wall Street - Cold, Flat, and Broke
Desicritics.org, India - 3 hours ago
The concept of Wall Street investment banking was blown sky high when the remaining Goliaths Morgan Stanley and Goldman Sachs haemorrhaged sustaining huge .
Wall Street Panic, Main Street Pain and Policy Choices Socialist Project
Shooting the Salesman New York Magazine
Fixing the financial crisis - first do no harm Amador Ledger-Dispatch
MarketWatch - guardian.co.uk
all 142 news articles
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Another One Bites The Dust!
"Investment banking" will never be the same again. The Glass Steagal Act forced banks to spin off their securities dealing arms in 1933, and regulation fell to the SEC which must shoulder a good part of the blame for not properly ...

Investment Banking
Investment Banking...

Ken Lewis is Confused - BoAs Investment Banking to Remain Second .
EURœMerrill was paying typical Wall Street payEURŠ We intend to pay market instead.EUR - Ken Lewis Ken Lewis, CEO of Bank of America, has gone on the record making the statement above. And while this statement may seem to make sense to some, ...



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