Top Investment Banking News for 10/17/2008



Neivelt: Time of slightly regulated investment banking is over
Time of very little regulated investment banking is over, Indrek Neivelt, chairperson of Estonian development fund said in radio show EURReporteritundEUR, aripaev.ee mediates...

JPMorgan Hit By Declining Earnings - istockAnalyst.com (press release)

Reuters

JPMorgan Hit By Declining Earnings
istockAnalyst.com (press release), OR - 13 hours ago
JPMs Investment Banking kept them afloat over the last quarter with net income increasing $586 million to $882 from last the prior year due primarily to .
Moody's holds negative outlook for JPMorgan Forbes
Moody's comments on JPMorgan Chase's 3Q08 results The Asian Banker (subscription)
JPM Beats Expectations But Doesn't Have Many BankInvestmentConsultant.com
Motley Fool - MarketWatch
all 404 news articles
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Justice Dept. approves BofA-Merrill deal The Business Journal of . - Bizjournals.com

Times Online

Justice Dept. approves BofA-Merrill deal The Business Journal of .
Bizjournals.com, NC - 11 hours ago
The purchase also makes BofA a much larger institution in investment banking, where the Charlotte-based bank (NYSE:BAC) has largely been a fringe player. .
Video: Money Minute: Merrill, GM, Nike AssociatedPress
Merill posts 3rd-quarter loss of $5.2 billion International Herald Tribune
Big loss for Merrill CNN
Irish Independent - Wall Street Journal
all 364 news articles
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$2.8 Billion Loss at Citigroup on More Write-Downs - New York Times

$2.8 Billion Loss at Citigroup on More Write-Downs
New York Times, United States - 8 hours ago
Its range of businesses, from investment banking to credit cards, and sprawling international reach are rivaled by only a handful of banks. .
Citigroup posts 4th straight loss on write-downs Reuters
Citi posts another loss, still wants to buy a bank guardian.co.uk
3rd UPDATE: Citigroup's Results Worsen In 3Q Due To Credit CNNMoney.com
Bloomberg - New York Times
all 491 news articles
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Signal Hill Adds Two Senior Technology Investment Bankers (Business Wire via Yahoo! Finance)
BALTIMORE----Signal Hill, a Baltimore-based specialty investment banking, research and institutional brokerage firm, announced today that it has expanded its technology practice through the addition of Neeraj Vohra, Managing Director, and Henry Sage, Director, to its Investment Banking team...

Barclays Capital has named the heads of its corporate finance team as the investment banking arm the UK bank continues . (eFinancial News)
Barclays Capital has named the heads of its corporate finance team as the investment banking arm the UK bank continues to reorganise after acquiring the North American operations of Lehman Brothers...

Taiwan banking shares at 7-yr low on new rule worries (Reuters via Yahoo! Philippines News)
TAIPEI, Oct 17 (Reuters) - Taiwan's financial shares slumped 3 percent to a seven-year low on Friday, as investors worried that changes to an accounting rule may let financial companies such as Cathay Financial <2882.TW>> hide investment losses...

TABB Group Unrolls a Blueprint for the Future of Investment Banking and Wall Street's New Ecosystem (Centre Daily Times)
Introducing a blueprint for the future of investment banking, TABB Group's founder and CEO Larry Tabb, the financial markets veteran industry analyst and author of "The Future of Investment Banking: Subprime and Its Impact on the Industry," published today, says that "the subprime crisis needs to be put into a more immediate perspective so banks, brokers, industry executives and the entire ...

JPMorgan, Wells Fargo 3Q profits dip - The Associated Press

Boston Globe

JPMorgan, Wells Fargo 3Q profits dip
The Associated Press - Oct 15, 2008
"JPMorgan also has a larger investment banking division that Wells Fargo doesn't have; they have additional issues that Wells Fargo doesn't have to deal .
Analyst note: JPMorgan may miss 3Q estimates Forbes
Will Wells Fargo take a pass on Wachovia's i-banking unit? The Daily Deal (subscription)
Profit Falls at JPMorgan as Loan Losses Increase New York Times
Investor's Business Daily (subscription) - Forbes
all 858 news articles
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Wall street woes, Indias opportunity - India Business Today

India Business Today

Wall street woes, Indias opportunity
India Business Today, India - 15 hours ago
In the ongoing shake-up of the US banking industry, three of the top five US investment banks have gone down under the burden of their exposures to bad .
U.S. plan for direct bank investment is promising, problematic Los Angeles Times
Bush to give pep talk to anxious country Friday International Herald Tribune
Bank intervention sets stage for political fight Contra Costa Times
The Associated Press - BankInvestmentConsultant.com
all 818 news articles
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TABB Group Unrolls a Blueprint for the Future of Investment Banking and Wall Street's New Ecosystem (Business Wire via Yahoo! Finance)
NEW YORK----Introducing a blueprint for the future of investment banking, TABB Groups founder and CEO Larry Tabb, the financial markets veteran industry analyst and author of EURThe Future of Investment Banking: Subprime and Its Impact on the Industry,EUR published today, says that EURthe subprime crisis needs to be put into a more immediate perspective so banks, brokers, industry executives and the ...

Merrill, Citi, UBS: What a Debacle!
The former investment banking powerhouse posted a $5.2 billion loss on, well, just about every investment they touched. Merrill had a total of $9.5 billion related to, um, EVERYTHING THEY TOUCHED (CDO's, leveraged loans, paying Temesek ...

PRODUCT CONTROLLER/ANALYST, INVESTMENT BANKING TRANSACTIONS
Title: PRODUCT CONTROLLER/ANALYST, INVESTMENT BANKING TRANSACTIONS; Company name: AMBITION; Qualification: University / College; Experience: 3 years; Work Location: Hong Kong; Date: 17 Oct 2008...

Signal Hill Adds Two Senior Technology Investment Bankers (Centre Daily Times)
Signal Hill, a Baltimore-based specialty investment banking, research and institutional brokerage firm, announced today that it has expanded its technology practice through the addition of Neeraj Vohra, Managing Director, and Henry Sage, Director, to its Investment Banking team. Messrs Vohra and Sage will be based in the firm's Baltimore office. Vohra has over 20 years of Investment Banking ...

Bailout of Lehman funds clobbers BoNY's results
(Reuters)EURBank of New York Mellons third-quarter profit fell 53%, hurt by a big charge to bail out funds affected by Lehman Brothers bankruptcy, the bank said on Thursday...

Bank examiners: Feds, regulators launch probe into WaMu failure
(Reuters)EURFederal investigators have opened an investigation into the collapse of Washington Mutual Inc, the largest US banking failure...

Newbridge Securities Corporation Adds New York City-Based Investment Banking Group (PR Newswire via Yahoo! Finance)
Newbridge Securities Corporation , a full service securities broker-dealer and investment bank focusing on middle market and emerging growth companies in the U.S. and global emerging markets, announced today that it has added a substantial New York City-based investment banking group led by senior investment banker Anthony Sarkis...

Indian Govt. Likely To Ease Foreign Investment Norms In Banking, Telecom Sectors (Nasdaq)
(RTTNews) - Indian government is likely to relax norms for foreign investment in banking and telecom sectors by treating portfolio Foreign Institutional Investors Investment outside the sectoral cap, reported PTI. Currently, the foreign direct investment and foreign institutional investments are added to determine sectoral foreign investment cap in banking, credit information companies, ...

Wells Fargo May Cut Wachovia Investment-Bank Unit (Update4) - Bloomberg

The Money Times

Wells Fargo May Cut Wachovia Investment-Bank Unit (Update4)
Bloomberg - Oct 13, 2008
By Ari Levy and David Mildenberg Oct. 13 (Bloomberg) -- Wells Fargo & Co. is likely to sell or pare the investment-banking business it's acquiring in the .
Wells boss: Wachovia job picture is unsettled Winston-Salem Journal
Wells Fargo faces massive to-do list Trading Markets (press release)
Wachovia CEO will not stay on with Wells Bizjournals.com
CharlotteObserver.com - Clusterstock
all 491 news articles
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In The Aftermath Of Tsunami
The unfettered, unregulated and largely corrupt investment, banking and hedge fund businesses that had suborned legitimate capitalist enterprise are severely damaged if not already gone. But what did ordinary Americans know of the ...

Jews Don't Run the Banks Anymore
According to Henry Ford's The International Jew, Jews made a run for US investment banking and consumer banking in the early part of the 1900's in the US. Ford describes how Jews during this time made a play for investment banking in ...

Russian investment bank cuts back - International Herald Tribune

Russian investment bank cuts back
International Herald Tribune, France - 5 hours ago
MOSCOW: Renaissance Group, which owns one of the largest and oldest Russian investment banks, is cutting 100 jobs amid Russia's worst economic crisis in a .
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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...

Barclays Banking Team Takes Shape (New York Times)
Fresh from its acquisition of Lehman Brothers EUR capital-markets business in the United States, Barclays has named the industry group heads at its rapidly expanding investment-banking arm...

Swiss government takes stake in UBS - Irish Times

StarPhoenix

Swiss government takes stake in UBS
Irish Times, Ireland - 19 hours ago
It has launched a restructuring designed to help it turn the corner, involving the separation of its wealth management from its investment banking arm, .
Switzerland injects billions into UBS as it joins global bank bail-out Telegraph.co.uk
Swiss banks take separate routes to stronger balance sheets FinanceAsia
Switzerland pumps billions into bank rescue plan Investment Executive
MyFinances.co.uk - Trading Markets (press release)
all 713 news articles
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The Financial Incentives in Investment Banking - Illustrated
dilbert101608. One reason why I want to learn how to draw comics - a comic, unlike a picture, is worth more than a thousand words. Comic taken from Greg Mankiws blog...

Movers & shakers: Oct. 17, 2008
Prior to that, he spent seven years with William Blair & Co., where he founded and led the firm's investment banking efforts in equity private placements for public companies. Previously, Conklin founded and ran private equity capital ...

UBS profitable in Q3, CS has major investment banking losses in Q3
FT: Swiss Banks in major rescue package, Oct. 16, 2008. Switzerland on Thursday joined the list of countries taking unprecedented measures to strengthen their banks with the government taking an indirect SFr6bn (US$5.3bn) stake in UBS ...

BANK NEWS: Mitsubishi UFJ gets better investment terms from Morgan . - Business Mirror

China Daily

BANK NEWS: Mitsubishi UFJ gets better investment terms from Morgan .
Business Mirror, Philippines - Oct 14, 2008
By Ari Levy & David Mildenberg, Bloomberg News Wells Fargo & Co. is likely to sell or pare the investment-banking business its acquiring in the purchase of .
Japan's cash wanted - at home and abroad Asia Times Online
Morgan plans India-specific alliance with Mitsubishi Economic Times
'Downturn an opportunity to capture Indian market' Business Standard
Washington Post - MarketWatch
all 1,595 news articles
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Focus shifts from investment bank - Financial Times

Focus shifts from investment bank
Financial Times, UK - Oct 15, 2008
By Chris Hughes in London Investment banking's status as a strategic priority for Royal Bank of Scotland will be hard to sustain following its .
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