Top Investment Banking News for 10/08/2008



The End of the Investment Banking Era
We are definitely living history in the making and as everyone is contemplating the next move after the absolute collapse of the investment banking model, the Federal Reserve, European Central bank, Bank of England, Bank of Canada and ...

Nomura to close acquisition of Lehman Brothers' Europe and Middle East investment banking and equities businesses on . (Japan Corporate News)
London, Oct 6, 2008 - (JCN Newswire) - 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...

Careers in Investment Banking
When: 9/10/2008 - An insight into careers in Investment Banking...

B of A, RBC settle auction-rate security suits
(Reuters)EUR”Bank of America and the Royal Bank of Canada (RY...

Italy's UniCredit to cut 700 jobs in investment sector (AFP via Yahoo! News)
Italy's leading bank UniCredit will cut 700 jobs in its investment banking sector next year as part of its plan to cope with the world financial crisis, chairman Alessandro Profumo said on Wednesday...

BIDS Signs Sponsor Agreement With Minority Investment Banking Firm
BIDS Signs Sponsor Agreement With Minority Investment Banking Firm...

MUFG says no plans to back out on Morgan Stanley - Reuters

Reuters

MUFG says no plans to back out on Morgan Stanley
Reuters - 13 hours ago
T: Quote, Profile, Research, Stock Buzz), Japan's top bank, said it has no plans to back out of its $9 billion investment in Morgan Stanley (MS. .
MUFG says no plans to back out on Morgan Stanley Washington Post
Morgan Stanley still hiring Straits Times
Fed OKs Mitsubishi stake buy in Morgan Philadelphia Inquirer
Ad-Hoc-News (Pressemitteilung) - New York Times Blogs
all 383 news articles
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Global Banking Corporation in key investment initiative in Thailand (Thailandnews.net)
Global Banking Corporation B.S.C. (c) [GBCORP], the Bahrain based investment bank announced that it has signed a Memorandum of Understanding with Asia Development Co. Ltd. [ADCO], Thailand marking GBC...

Italy's UniCredit to cut 700 jobs in investment sector (TODAYonline)
A UniCredit branch in Rome. Italy's leading bank UniCredit will cut 700 jobs in its investment banking sector next year as part of its plan to cope with the world financial crisis...

Global Banking Corporation in key investment initiative in Thailand (AME Info)
Global Banking Corporation B.S.C. (c) [GBCORP], the Bahrain based investment bank announced that it has signed a Memorandum of Understanding with Asia Development Co. Ltd. [ADCO], Thailand marking GBCORP's premier investment initiative in the Kingdom of Thailand...

Europe's mid-tier banks begin jobs cull - Financial News

Wall Street Journal

Europe's mid-tier banks begin jobs cull
Financial News, UK - 10 hours ago
Dutch financial group Rabobank and Italy's UniCredit today confirmed job cuts in Europe following in the wake of 10% cull in investment banking staff .
UniCredit to raise ‚¬6.6bn as investor confidence falls Financial Times
Once-Defiant UniCredit CEO Profumo Cites 'Misjudgment' Wall Street Journal
UniCredit shares suspended after U-turn capital hike Forbes
Bloomberg - Euromoney Magazine
all 225 news articles
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UniCredit to cut 700 investment banking jobs -paper - Reuters

Emirates Business 24/7

UniCredit to cut 700 investment banking jobs -paper
Reuters - Oct 7, 2008
MI: Quote, Profile, Research, Stock Buzz) will cut worldwide 700 out of 3500 jobs at its investment banking operations, German newspaper Frankfurt .
Moody's cuts UniCredit ratings to "Aa3" Reuters
all 55 news articles
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Bank startups still draw investors' attention - Orlando Sentinel

Bank startups still draw investors' attention
Orlando Sentinel, FL - 13 hours ago
Likewise, the high-profile failure of IndyMac Bank and the failure of big investment banks such as Lehman Brothers and Bear Stearns have put a chill on the .
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John J. Borer III, Senior Managing Director and Head of Investment . - MarketWatch

John J. Borer III, Senior Managing Director and Head of Investment .
MarketWatch - 17 hours ago
From 1991 through 1998, Mr. Borer was a managing director and head of investment banking at the broker-dealer affiliate of the original Rodman & Renshaw .
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Fed acts to bolster corporate firms in America - The Miami Herald

Edmonton Journal

Fed acts to bolster corporate firms in America
The Miami Herald, FL - Oct 7, 2008
It did so after brokering the sale of investment banking giant Bear Stearns, which it did not regulate. Fed Chairman Ben Bernanke believes he has broad .
Will $700 Billion Be Enough? Conde Nast Portfolio
Fed will lend directly to companies International Herald Tribune
Desperate times, new measures The Financial Standard
Exchange News Direct - The Miami Herald
all 1,505 news articles
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UNICREDIT: 1, 000 REDUNDANCIES IN INVESTMENT BANKING SECTOR - Agenzia Giornalistica Italia

Maktoob

UNICREDIT: 1, 000 REDUNDANCIES IN INVESTMENT BANKING SECTOR
Agenzia Giornalistica Italia, Italy - 10 hours ago
. 300 redundancies in June on the occasion of the 3-year plan, in 2009 the bank will cut another 700 jobs in the sector Mib, Markets & Investment Banking. .
UniCredit to cut 700 investment banking jobs: Source Economic Times
Italy's UniCredit to cut 700 jobs in investment sector AFP
UPDATE 1-UniCredit sees 4.6 pct growth in central Europe Reuters
all 12 news articles
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City's Treasury Investment Board agrees to maintain current investment course (The Alliance Review)
Alliance will maintain course on its financial investments. Due to the banking crisis of last week, Mayor Toni Middleton moved up a previously scheduled meeting of the Treasury Investment Board to review city finances and investment strategies, according to city Auditor Kevin Knowles...

Firm Said To Be Cutting 20% Of Investment Banking Staff
Reuters reports that, according to an unnamed 'source close to the matter', UniCredit is to cut 700 jobs from its investment banking unit, or 20% of the total staff there. The bank's Markets and Investment Banking business has performed ...

Compliance Officer in Investment Banking Team
Title: Compliance Officer in Investment Banking Team; Company name: KOREA EXCHANGE BANK; Qualification: University / College; Experience: 3 years; Work Location: HK - Hong Kong Island; Date: 09 Oct 2008...

Project Manager - Investment Banking Systems Integration, 500 a .
Candidates should have: * 5+ years of experience of Project Management on IT and system integration projects * Good knowledge and understanding of a diverse range of Treasury / Investment Banking ...

A Year From Now, Morgan, Goldman Will Look More Like Banks - CNNMoney.com

A Year From Now, Morgan, Goldman Will Look More Like Banks
CNNMoney.com - 1 hour ago
Beim said the investment banking model was unstable from the beginning, as banks held risky assets and were leveraged way too high. .
Is This The End of 'Americanized Finance'? Forbes
all 7 news articles
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UniCredit to cut 700 investment banking jobs: Source (The Economic Times)
UniCredit will axe 700 jobs at its investment banking arm, a source close to the matter said on Tuesday, as the bank's shares slipped for a second straight day ...

John J. Borer III, Senior Managing Director and Head of Investment Banking for Rodman & Renshaw, to Participate in . (GlobeNewswire via Yahoo! Finance)
NEW YORK, Oct. 8, 2008 -- Rodman & Renshaw has announced that the company will participate and present at the EQUITIES MarketSite Conference in New York on October 10, 2008. The conference is designed to bring together emerging growth companies with fund managers, brokers, analysts, investment professionals, and sophisticated self-directed investors who closely follow and invest in growth-stage ...

Wells, Citi, Wachovia extend time-out
(Reuters)EUR”Wachovia, Citigroup and Wells Fargo agreed again to hold off on litigation over the acquisition of Wachovia while talks between the banks and the Federal Reserve continue...

Comment: The final nail in the private investment banking coffin
If an investment product looks like a duck, and quacks like a duck, everyone is in trouble if it turns into a turkey...

UniCredit Plans to Cut 700 Investment-Banking Jobs, FAZ Says (Bloomberg)
Oct. 8 (Bloomberg) -- UniCredit SpA plans to cut 700 jobs at its investment-banking unit next year, Frankfurter Allgemeine Zeitung reported, citing unidentified people in the banking industry...

Asia's recruiters weather the storm - FinanceAsia

Asia's recruiters weather the storm
FinanceAsia, Hong Kong - 54 minutes ago
Banks in the region are snapping up talented professionals on the cheap. EURśWe are seeing a lot of demand in the M&A space for investment banking in China and .
Video: Asian Markets Tumble Across the Board AssociatedPress
Asian markets plunge for fifth day Times Online
Local banks remain resilient Malaysia Star
9NEWS.com - The Australian
all 915 news articles
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SEC commences study of fair-value accounting
The Securities and Exchange Commission has begun a study of mark-to-market accounting, which will look at the standards effects on bank failures...

Founders Investment Banking sees up side on the buy side (TechJournal South)
By Allan Maurer BIRMINGHAM, ALEUR”Until the tumultuous economic events of this week, Birmingham-based Founders Investment Banking still saw the chance to take good deals to a sellers market, but that has changed in a matter of days, says Managing Partner Duane Donner...

Mizuho Arranges $70MM Latin American Ninja Loan - MarketWatch

Mizuho Arranges $70MM Latin American Ninja Loan
MarketWatch - 6 hours ago
The Inter-American Investment Corporation is a multilateral financial institution that is a member of the Inter-American Development Bank (IDB) Group. .
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