Top Investment Banking News for 10/09/2008



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 ...

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...

Investment Banking, Wall Street Meltdown and Human Resource .
One Human Resource consultant said it best when he wrote an article for Human Resource Executive Online where he asks are there any EURHR Lessons from Investment Banking?EUR He goes on to state:. Extraordinarily callous and inept management ...

Natixis bolsters Corporate and Investment Banking division
Also in the Corporate and Investment Banking division, Jacques Beyssade has been appointed as head of Risk Supervision and Active Management and has acquired a place on the Corporate and Investment Banking executive committee. ...

UPDATE 1-Deutsche Bank to open 400 branches in retail drive - Reuters

UPDATE 1-Deutsche Bank to open 400 branches in retail drive
Reuters - 10 hours ago
DE: Quote, Profile, Research, Stock Buzz) on Thursday fleshed out investment plans to grow retail banking in Europe, saying it would open 400 new branches .
Deutsche Bank to Cut Back-Office Jobs, Open Branches (Update3) Bloomberg
Deutsche Bank to axe 1100 back office jobs; open 400 branches in . Finextra
all 20 news articles
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Is This The End of 'Americanized Finance'? - Forbes

Telegraph.co.uk

Is This The End of 'Americanized Finance'?
Forbes, NY - Oct 6, 2008
But enough of their competitors have been seriously damaged as to raise new questions about the future of the wholesale and investment banking industry .
More conservative lenders to reap rewards of change Financial Times (subscription)
Photo : Sun News Publishing Daily Sun
EU plots ways to contain European banking turmoil International Herald Tribune
Economist - EUobserver.com
all 107 news articles
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How it all went Pete Tong
Massive wall street investment banking names have either been put through a government assisted and controlled suicide (Bear Stearns), or driven to the wall (Lehman Brothers), or merged with big retail banks (Merrill Lynch) or theyve ...

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...

Citi, Wells reportedly finding more junk in Wachovia's trunk than .
(Reuters)EURTalks between Citigroup, Wells Fargo and the US...

Short-selling ban ends, Morgan Stanley's stock drops
(Reuters)EURThe stock price of Morgan Stanley plunged as much as 25% on Thursday...

How Britain's banks will never be the same again - Independent

Telegraph.co.uk

How Britain's banks will never be the same again
Independent, UK - 23 hours ago
The most high-profile disclosed bonus in the City is that of Bob Diamond, the president and investment banking chief at Barclays. Mr Diamond earned 250000 .
Financial Crisis: The Treasury is walking a thin line between life . Telegraph.co.uk
Morning business news - Oct 8 RTE.ie
Jeremy Warner's Outlook: It may not work, but at last policymakers . Independent
Telegraph.co.uk - Telegraph.co.uk
all 132 news articles
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Investment Banks Struggle to Adapt (The Moscow Times)
10 October 2008 By Max Delany, Nadia Popova, Maria Levina / Staff Writers After almost a decade of lightning-quick growth and skyrocketing salaries, Russia's investment banking sector has been brought down to earth with a thud by the global financial crisis...

How Britains banks will never be the same again
EURYou will have deposit takers which do little else but take deposits and make personal loans, and separate unregulated or lightly regulated entities which do what used to be called investment banking. The 1980s have been declared a ...

Treasury might take stakes in banks: report
(Reuters)EURUS...

UNICREDIT: 1, 000 REDUNDANCIES IN INVESTMENT BANKING SECTOR - Agenzia Giornalistica Italia

Maktoob

UNICREDIT: 1, 000 REDUNDANCIES IN INVESTMENT BANKING SECTOR
Agenzia Giornalistica Italia, Italy - Oct 8, 2008
. 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
UPDATE 1-UniCredit sees 4.6 pct growth in central Europe Reuters
all 12 news articles
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Paulson 'actively' eyes bank investment - CNN

Khaleej Times

Paulson 'actively' eyes bank investment
CNN - 41 minutes ago
He said increasing capital investment in the nation's banking system is one of Treasury's goals, and he seemed to suggest that such capital could come .
Investors balk at Democrats move to socialize banks AXcess News
Treasury plan to buy bank stakes carries risks MSNBC
Are Paulson and Bernanke Running Out of Options? TIME
FayObserver.com - guardian.co.uk
all 834 news articles
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UBS Hires Janine McGrath Shelffo as Managing Director in . - MarketWatch

UBS Hires Janine McGrath Shelffo as Managing Director in .
MarketWatch - 7 hours ago
Prior to joining Lehman Brothers in 2004, Shelffo worked for nine years in the media and communications investment banking practice at Donaldson, .
..

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 81 news articles
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UBS Hires Janine McGrath Shelffo as Managing Director in Technology, Media and Telecommunications Banking (Business Wire via Yahoo! Finance)
NEW YORK----UBS Investment Bank today announced that Janine McGrath Shelffo will join its Investment Banking Department as a Managing Director in its Technology, Media and Telecommunications Banking group...

Investment Banks Struggle to Adapt - The Moscow Times

The Moscow Times

Investment Banks Struggle to Adapt
The Moscow Times, Russia - 27 minutes ago
While market players were hopeful that investment banking in the country would eventually emerge from the crisis, they said the industry would never be the .
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UBS names Janine McGrath Shelffo MD, technology, media and telecomms banking (Finextra)
UBS Investment Bank today announced that Janine McGrath Shelffo will join its Investment Banking Department (IBD) as a Managing Director in its ...

Cash Poor
For a second-year investment-banking associate who earned base pay of $100000 and bonus of $100000, that might mean a $50000 pay cut. A more senior manager accustomed to bonuses up to three times base salary could be looking at a ...

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...

Firm Said To Be Cutting 20% Of Investment Banking Staff - Here Is The City

Firm Said To Be Cutting 20% Of Investment Banking Staff
Here Is The City, UK - Oct 8, 2008
Reuters reports that, according to an unnamed 'source close to the matter', UniCredit is to cut 700 jobs from its investment banking unit, .
..

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...

UBS Hires Janine McGrath Shelffo as Managing Director in Technology, Media and Telecommunications Banking (Centre Daily Times)
UBS Investment Bank today announced that Janine McGrath Shelffo will join its Investment Banking Department (IBD) as a Managing Director in its Technology, Media and Telecommunications (TMT) Banking group. She will be based in New York and report to Jeffrey Sine, Vice-Chairman of IBD and Global Head of TMT Banking. Shelffo will join the firm from Lehman Brothers, where she served as a Managing ...

RBS's Credibility `Shot to Bits' Since ABN Amro Deal
RBS paid 14.3 billion euros for ABN Amro's investment banking and Asia units. ``RBS played the acquisition game but they played it harder than everybody else and no consideration was given to how deals were funded,'' said Simon Maughan, ...

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...

Text of Citi Statement on Wachovia Deal - Wall Street Journal

Boston Globe

Text of Citi Statement on Wachovia Deal
Wall Street Journal - 46 minutes ago
. financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. .
Wachovia's suitors extend standstill Sarasota Herald-Tribune
Citi, Wells, Wachovia extend truce till Friday Milwaukee Business Journal
Wachovia, Citigroup, Wells Fargo Agree to Extend Litigation Standstill International Business Times
San Francisco Chronicle - Miami Daily Business Review
all 1,420 news articles
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Investment-bank prospects dim for students (Richmond Times-Dispatch)
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...



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