Top Investment Banking News for 10/13/2009



Wall Street On Track To Award Record Pay - Wall Street Journal

Wall Street On Track To Award Record Pay
Wall Street Journal
Companies' final compensation figures could be affected by a slowdown in trading or investment banking, or by political pressure. .
About this author:Seeking Alpha (blog)

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Promoting The Value of Investment Banking Jobs
As for investment banking, today's companies survive and thrive depending on whether they can obtain loans or persuade investment banks to underwrite the sale of their securities to third parties. Even the rise of securitization and ...

Citigroup named James Bardrick and Manuel Falco co-heads of banking for the European region, replacing Tom King, who . (eFinancial News)
Welcome to Financial News Online , the most comprehensive source of news, analysis and commentary in Europe for the investment banking, asset management and securities industry...

Business : Banking Sector Survives Crisis: DIFC (Khaleej Times)
DUBAI EUR The Middle East banking sector has successfully weathered the global financial crisis and is poised for growth in the wake of widespread regional market reforms and a rebound in the price of oil and gas, a top Dubai government official said on Tuesday...

Forex Weekly Analysis - Forex Hound

Forex Weekly Analysis
Forex Hound
. analysts including Roberto Mialich, a senior global currency strategist at unicredit Markets & Investment Banking in Milan, wrote today in a report. .

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Citigroup Names 2 to Lead Overseas Banking - DealBook Blog .
Mr. King left the bank in September to pursue other interests, leaving David Wormsley EUR Citigroup's head of British investment banking EUR to fill the position on an interim basis. Mr. King, a leading telecommunications banker during the ...

InterOcean Investment Banking Team Forms New Firm (PR Newswire via Yahoo! Finance)
The Investment Banking group of InterOcean Financial Group LLC recently formed InterOcean Advisors LLC, an independent investment banking firm providing M&A and capital raise advisory services...

AP Source: BofA to give up Merrill deal documents - The Associated Press

ABC News

AP Source: BofA to give up Merrill deal documents
The Associated Press
Brian Moynihan, the bank's former president of global corporate and investment banking, took over the role. He is also head of the company's largest .
BofA board looking inside and out for bank's new CEOTrading Markets (press release)
BofA to Come CleanSeeking Alpha (blog)
How One Banking Giant Is Finding a Better PathSmartmoney.com

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Attention: Future Investment Bankers! | MBA Admissions dot org
If you want to pursue a career in investment banking, it makes sense to choose a business school program with a banking focus and an exceptional track reco...

Insight: A seven-point banking plan (Financial Times)
Over my 38 years in the investment business I have experienced six banking crises, starting with the UK secondary banking collapse of the mid-1970s...

Lazard Shares Dip In Frankfurt As CEO Is Taken Ill - Wall Street Journal

Times Online

Lazard Shares Dip In Frankfurt As CEO Is Taken Ill
Wall Street Journal
A former corporate lawyer, Wasserstein became co-head of investment banking at The First Boston Corp. before starting Wasserstein Perella Group Inc. with .
Lazard says CEO Wasserstein hospitalizedReuters
Kraft will miss 'Bid 'em up Bruce'Times Online
Lazard stock skips a beat over Wasserstein's healthCrain's New York Business
New York Times -Forbes
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UPDATE 1-Merrill hires Goldman banker for SE Asia - sources - Reuters

UPDATE 1-Merrill hires Goldman banker for SE Asia - sources
Reuters
N), as its head of Southeast Asia investment banking, two sources familiar with the matter said on Tuesday. The appointment of Lee, who was co-head of .
Merrill hires Goldman banker for SE Asia - sourcesReuters

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Gates Foundation helps bring banking to the poor (Park Hills Daily Journal)
SEATTLE (AP) EUR The Bill & Melinda Gates Foundation, best known for its work combating malaria, AIDS and other diseases, this week announced an effort to bring banking, including savings accounts, to the poor...

Dr. Strangelove or: How I Learned to Stop Worrying and Love Investment Banking (eFinancial News)
At the Royal Society of the Arts in London an eclectic audience drawn from a range of professions sat down last month to watch a debate between the arch-proponent of EURnarrow bankingEUR Professor John Kay and a man who then co-ran one of the worlds largest integrated investment banking businesses, JP Morgans Bill Winters...

Investment banking
Until the late 1980s, the United States maintained a separation between investment banking and commercial banks. Other industrialized countries (including G7 countries) have not maintained this separation historically. ...

Earnings Preview: JPMorgan Chase & Co. - Forbes

Earnings Preview: JPMorgan Chase & Co.
Forbes
Investors will likely be focusing on two key areas for the New York-based banking giant: investment banking and loan losses. Most banks have been hammered .
Time for big banks to show the moneyCNNMoney.com
Blackstone's IPO Spree: Collateral DamageTheStreet.com
JPMorgan Chase & Co. (NYSE: JPM): Third Quarter Earnings Preview 2009istockAnalyst.com (press release)
Barron's (blog) -Nightly Business Report -Wall Street Journal
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Treasuries Are Little Changed Before Report on Retail Sales - Bloomberg

Treasuries Are Little Changed Before Report on Retail Sales
Bloomberg
EURYields are being anchored by the Fed's commitment to keep rates low,EUR said Peter Jolly, the Sydney-based head of market research for the investment-banking .

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The REAL Battle Over America's Banking System from BlackListed .
The battle to reform the American banking system needs to include reimposing the barrier between investment banking and depository banking (Glass-Steagall), pay incentives based on what is best for Americans and not just the top ...

The Epicurean Dealmaker: Wherein I Go Mosquito Hunting with a Howitzer
First, unlike Mr. Kwak, I do not pretend to know what Yale undergrads mean by "banking" or "investment banking." But as a practitioner with almost twenty years in the business, I can most reliably assure him there is more to investment ...

InterOcean Investment Banking Team Forms New Firm - Reuters

InterOcean Investment Banking Team Forms New Firm
Reuters
CHICAGO, Oct. 13 /PRNewswire/ -- The Investment Banking group of InterOcean Financial Group LLC recently formed InterOcean Advisors LLC, an independent .

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Germany re-opens investment guarantees (Business Recorder)
ISLAMABAD (October 14 2009): Germany has reopened the investment guarantees for Pakistan which were closed a few years back, says a message received here Tuesday from Berlin. A banking project of worth $20 million has been initiated to be followed by other projects...

FACTBOX-CEO departures during financial crisis - Reuters

Washington Post

FACTBOX-CEO departures during financial crisis
Reuters
N) said Chief Executive John Mack will step down, to be replaced by James Gorman, one of the investment bank's co-presidents, on Jan. 1. .
CIT CEO Peek to retire as company edges toward brinkReuters
Embattled CIT CEO Peek to retire at year endReuters

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Korea Investment and Securities Signs US$157 million Strategic Outsourcing Agreement with IBM (redOrbit)
SEOUL, South Korea, Oct. 13 /PRNewswire-FirstCall/ -- IBM (NYSE: IBM) today announced that it has signed a 10-year strategic outsourcing agreement with Korea Investment & Securities Co. Ltd...

Credit Suisse appoint VC for Europe
Rousselyas' responsibilities as chief executive officer of Credit Suisse in France will shift to Pierre Fleuriot, who will become responsible for the firm's operations in Private Banking, Investment Banking and Asset Management ...

Qatar investment funds outlook positive: experts (Gulf Times)
The future looks more positive for Qatari investment funds as the country seeks to become a centre for the establishment of funds, according to banking law and Islamic finance experts speaking at an industry seminar on Monday...

Attention: Future Investment Bankers! Clear Admit: MBA .
If you want to pursue a career in investment banking, it makes sense to choose a business school program with a banking focus and an exceptional track record for placement in the field, right? That's why we created the Clear Admit ...

(AFX UK Focus) 2009-10-12 15:10 UPDATE 2-Citi names Bardrick, Falco EMEA banking heads (Interactive Investor)
LONDON, Oct 12 (Reuters) - Citigroup appointed James Bardrick and Manuel Falco as co-heads of banking for Europe, the Middle East and Africa (EMEA), the bank said in a memo on Monday, to replace veteran dealmaker Tom King. The banking role includes investment banking, corporate banking and capital markets origination. Bardrick, who has worked for the bank for 22 years, most recently was co-head ...

JPMorgan shuffles investment banking management - Kansas City Star
JPMorgan Chase & Co. named Jes Staley the head of its investment bank, a move that puts Staley in a position to become the new CEO should the bank's current chief, Jamie Dimon, leave or retire unexpectedly...

Investment Banking Analyst Salary - Hong Kong GeoExpat
Is $500k the market level for base salary or are some banks offering more annually for an entry analyst. I am also getting housing in the 15k range a month...

Goldman Sachs drops after Meredith Whitney cuts rating - Financial Post

Globe and Mail

Goldman Sachs drops after Meredith Whitney cuts rating
Financial Post
Goldman Sachs on Oct. 7 was rated "buy" in new coverage at Deutsche Bank AG, which said the firm may boost market share in investment banking and trading. .
Whitney's downgrade stings banksGlobe and Mail
ALEX BRUMMER COMMENT: Clawing back bankers' pay needs to start nowDaily Mail
Meredith Whitney Cuts Goldman Sachs to a EURHoldEUR (GS)Dividend.com (blog)
Bloomberg -Marketplace (blog)
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