Top Investment Banking News for 10/17/2009



NewsDaily: BofA swings to $1 billion loss
Bank of America Corp posted a $1 billion third-quarter loss as consumer credit woes eclipsed investment banking earnings, underlining why the bank remains on a government respirator and sending its shares down 4.2 percent...

urgeoverkillhq.com Blog Archive Investment Banking
Investment banking creates funds for companies in two ways. First is to help the companies float public offerings and raise the much needed money from public. Second way is to help venture capitalists or private equity guys get onto the ...

Citi Swings to Narrow Profit - Wall Street Journal

stv.tv
Citi Swings to Narrow Profit
Wall Street Journal
None of the three main business lines that Mr. Pandit has said represent Citigroup's future -- regional consumer banking, investment banking and transaction .
Citi still feels sting of bad loansCNNMoney.com
Citigroup revenue choppyThe Australian
Highlights From Citi's Q3 Conference Call: Total Revenues Up 25% Year-Over .StreetInsider.com (subscription)
Daily Mail -Reuters
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Religare Plans Buyouts For Investment Banking Thrust | VCCircle
Religare Capital Markets Ltd, a unit of financial services firm Religare Enterprises plans acquisitions or joint ventures to expand its investment banking and institutional broking business, a senior official said on Thursday. ...

JP Morgan more than doubled its net investment banking profits in the third quarter compared to a year ago, providing . (eFinancial News)
JP Morgan more than doubled its net investment banking profits in the third quarter compared to a year ago, providing the perfect send off to former co-chief executive Bill Winters, who left the Wall Street giant just over two weeks ago...

BMO investment bank looks to build European sales - Reuters

BMO investment bank looks to build European sales
Reuters
TORONTO, Oct 15 (Reuters) - As global rivals retrench, the investment banking arm of Bank of Montreal (BMO.TO) is pushing further into .

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BofA records $2.2 billion loss - CharlotteObserver.com

Telegraph.co.uk
BofA records $2.2 billion loss
CharlotteObserver.com
But the bank's Wall Street-related businesses, which were bulked up by Merrill, earned $2.5 billion. Those include investment banking, trading, .
Divide Widens Between Consumer, Investment Banks: Today's OutrageTheStreet.com
Bank of America Corporation Q3 2009 Earnings Call TranscriptSeeking Alpha (blog)
Rising Loan Losses Pull Bank of America To Q3 LossWall Street Journal
Trading Markets (press release) -Bloomberg -Reuters
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J.P. Morgan Profit Up On Strong Investment Banking (Fox News)
J.P. Morgan Profit Up On Strong Investment Banking..

Joslin Rowe Reports on Banking and Investment Employment in Scotland (PRWeb via Yahoo! News)
Joslin Rowe has reported that Scottish banking and investment job seekers face a mixed picture, following the release of its new specialist trend report..

jpmorgan Sets Aside $353834 for Each Investment Bank Worker - Bloomberg

Telegraph.co.uk
jpmorgan Sets Aside $353834 for Each Investment Bank Worker
Bloomberg
Investment-banking revenue climbed 84 percent to $23.2 billion for the first three quarters, the company said in announcing a sevenfold increase in .
Fincls Gain After jpmorgan Results Show StabilizationWall Street Journal
jpmorgan Chase Reports Strong Profit of $3.6 BillionNew York Times
jpmorgan scores big in latest quarterCNNMoney.com
123Jump.com -Motley Fool -The Associated Press
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Trading still dominates - International Financing Review

MiamiHerald.com
Trading still dominates
International Financing Review
With JP Morgan's investment banking division being the key to the broader firm's success, chairman and CEO Jamie Dimon was asked by one analyst why he would .
Late Buying Lifts Stock Indexesmsnbc.com
In a bad economy, banks trade their way to profitsThe Associated Press
Citigroup posts mild 3rd qtr profit, Goldman Sachs profit up 3.8-foldTrading Markets (press release)
Independent -American Banking News
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Massive changes in the investment banking industry over the last year have had surprisingly little effect on . (eFinancial News)
Massive changes in the investment banking industry over the last year have had surprisingly little effect on individual banks' share of the global fee pool, according to a report by Credit Suisse, with few firms showing noticeable gains or losses...

JPMorgan profits surge on strong investment banking business (People's Daily)
JPMorgan Chase's profits beat Wall Street expectations in the latest quarter due to strong investment banking business. The New York-based bank said on Wednesday that it earned 3.6 billion U.S. dollars during the third quarter, or 82 cents a share. Analysts anticipated the company to report a profit of 2.03 billion dollars for the quarter, or 52 cents a share. The firm's investment banking ...

boa axes Ken Lewis's pay as it crashes to $1bn loss - Telegraph.co.uk

Telegraph.co.uk
boa axes Ken Lewis's pay as it crashes to $1bn loss
Telegraph.co.uk
The chasm between the fortunes of consumer and investment banking in the US has been laid bare with news that Bank of America (boa) will this year pay its .

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At Deal Conference, Wasserstein's Loss Is Felt - New York Times

At Deal Conference, Wasserstein's Loss Is Felt
New York Times
EURThe thing about Bruce was his strategic vision of investment banking,EUR Mr. Lipton said Friday. EURIf you look around this banking world more than half of the .

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Canaccord Adams' Brown on greentech i-banking (Dealscape - Private .
Banking in green technology is right on the verge of booming, according to Canaccord Adams' head of investment banking James Brown...

Gold inches up on investment buying (Business Day)
Gold rose slightly on Friday, erasing initial losses as light investment buying shook off worries about the banking sector stirred by a quarterly loss posted by Bank of America...

OnlineCashOnline.com | Online Cash Advance | Massive changes in .
OnlineCashOnline.com | Online Cash Advance | Massive changes in the investment banking industry over the last year have had surprisingly little effect on individual banks' share of the global fee pool,..

The late Ian Kerr, Financial News' acerbic investment banking commentator, closely tracked the career of legendary . (eFinancial News)
The late Ian Kerr, Financial News' acerbic investment banking commentator, closely tracked the career of legendary dealmaker Bruce Wasserstein who sadly passed away yesterday. Kerr wrote the following article in June 2007...

Financial News: French Banks' Resilience To Come Under Attack - Wall Street Journal

Ad-Hoc-News (Pressemitteilung)
Financial News: French Banks' Resilience To Come Under Attack
Wall Street Journal
France???s leading banks are expected to come under increasing strain from volatile investment banking revenues and rising .
PRESS RELEASE: Fitch: French Banks Face Volatile Investment Banking Revenue .NASDAQ

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Goldman Sachs post $3B 3rd-quarter profit despite slip in .
Goldman Sachs Group Inc.'s third-quarter earnings more than tripled from the depths of the financial crisis as income from the company's trading operations offset a drop in its investment banking business...

Financials Weak As bofa, GE Capital, MGIC Results All Weigh - Wall Street Journal

Financials Weak As bofa, GE Capital, MGIC Results All Weigh
Wall Street Journal
The bank also had impressive trading and investment-banking revenue. At General Electric Capital Corp., profits tumbled 87%, putting a gloomy cloud over the .

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Business Analyst - Finance, Investment Banking Jobs - UK .
Looking for a Business Analyst - Finance, Investment Banking in the UK? Joslin Rowe, UK recruitment agency, offer expert advice in finding and securing top finance and accountancy jobs...

Investment banking arm helps JPMorgan post profit (Tacoma News Tribune)
JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned would continue for the foreseeable future...

Goldman Sachs post US$3B Q3 profit despite slip in investment banking revenue (The Canadian Press via Yahoo! Canada News)
NEW YORK - Goldman Sachs Group Inc.'s third-quarter earnings more than tripled from the depths of the financial crisis as income from the company's trading operations offset a drop in its investment banking business...

J.P. Morgan Profit Up On Strong Investment Banking (MalaysiaNews.net)
NEW YORK -- J.P. Morgan Chase Inc. said Wednesday that its third-quarter profit jumped sharply on strong investment banking results, but credit costs remain high and the firm added $2 billion of rese...

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...

US Stocks Drop on GE, Bank of America Results, Consumer Data - Bloomberg

Boston Globe
US Stocks Drop on GE, Bank of America Results, Consumer Data
Bloomberg
EURAll the investment-banking businesses are very strong, but credit problems continue to persist, which is basically the reading you're getting from the .
Dow Slips Back Below 10000 After Earnings Reports DisappointNew York Times

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The Financial Services Club's Blog: American Banks: Two Good, Two Bad
Goldman are the same, although their profits were slightly below expectation as their investment banking part of the business was a disappointment. That's why the share price took a hit but they can still afford to give everyone a jolly ...

Financing Solutions: What is a Merchant Banking Operation? - Free .
They provide the corporate lending, leveraged finance, and investment banking and industry expertise. Merchant Banking operations provide all types of domestic and foreign banking transactions, corporate finance services, ...



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