Top Investment Banking News for 10/25/2009



Banks profit on handouts (New York Post)
Did you get your "Thank You" card yet from JPMorgan Chase Chief Executive Jamie Dimon? The standout banking executive, when he announced the bank's $3.6 billion third-quarter profit earlier this month, gave credit to his investment bank, asset mana...

J.P. Morgan profit up on strong investment banking - MarketWatch
NEW YORK (MarketWatch) -- JP 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 reserves to cover possible ...

Morgan Stanley Posts Profit on Strong Investment Banking .
Morgan Stanley (MS: 35.00 -2.07%) posted a net $757m profit, or $0.38 per share, in Q309 EUR” its first quarterly profit in a year EUR” as a 74% increase in investment banking profit neutralized $400m in real estate-related losses. ...

Merrill Lynch's Castillo Quits; No Replacement Named - Bloomberg

Financial Times

Merrill Lynch's Castillo Quits; No Replacement Named
Bloomberg
She joined the firm as head of equity markets for Spain and Portugal, and has had jobs including running global markets and investment banking in Iberia. .
BofA's Next CEO and I-BankingTheStreet.com
BofA Merrill head of EMEA wealth management resignsReuters
BofA Tried To Lower Merrill OfferEmii.com
Wall Street Journal -Times Online -This is London
all 356 news articles »
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Divorce as Cure for Banking Headache - Wall Street Journal

Times Online

Divorce as Cure for Banking Headache
Wall Street Journal
Dispensing with the investment bank removes that risk. Some will object that in the complex world of modern banking it would be too hard to distinguish .
PM Clashes With Mervyn King on BanksNew York Times
Why King is right about casino bankingguardian.co.uk
PM rejects idea to split retail and investment armsDaily Mail
Reuters UK -Telegraph.co.uk -Wealth Bulletin
all 632 news articles »
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Nancy Rapoport's Blogspot: I don't think garden-variety caps on .
In observing that the two investment banking firms' proposed compensation was significantly higher than the compensation that an already-retained firm was charging in the same case, the bankruptcy judge also pointed out that ...

U.S. Stocks Sound Retreat After Wells Downgrade - Wall Street Journal

CBC.ca

U.S. Stocks Sound Retreat After Wells Downgrade
Wall Street Journal
Morgan Stanley gained 4.8% as it snapped three consecutive quarterly losses by posting a profit in the third quarter thanks to investment banking and .
Bank earnings depict industry of haves, have notsThe Associated Press
Boeing, Morgan Stanley, Wells Fargo in focusMarketWatch
Wells Fargo Reports Record Q3 and Year-to-Date Net IncomeBusiness Wire (press release)
BankInvestmentConsultant.com -CharlotteObserver.com -Seeking Alpha (blog)
all 1,706 news articles »
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Morgan Stanley Beats Estimates on Investment Banking (Update1) (Bloomberg)
Oct. 21 (Bloomberg) -- Morgan Stanley , the sixth-largest U.S. bank by assets, reported its first profit in a year, surpassing analysts estimates on higher investment-banking fees...

CB Richard Ellis Group, Inc. Expands Investment Banking Services (Business Wire via Yahoo! Finance)
LOS ANGELES----CB Richard Ellis Group, Inc. today announced the expansion of its existing U.K.-based investment banking platform into the Americas. CB Richard Ellis investment banking professionals in the Americas will assist real estate as well as lodging and gaming companies with recapitalization and restructuring strategies, merger and acquisition opportunities, and capital-raising needs...

Research and Markets: This Essential 2010 U.S. Investment Banking & Securities Dealing Industry Report Contains Timely . (Business Wire via Yahoo! Finance)
DUBLIN----Research and Markets has announced the addition of the "2010 U.S. Investment Banking & Securities Dealing Industry Report" report to their offering...

More Regulatory Pressure To Separate Commercial & Investment Banking
Way back in 1996, my friend B predicted that, going forward, US banks would become increasingly like utilities, with core lending and deposit-taking functions eventually separated from riskier investment banking. The former would become ...

Banks told if they won't cut bonuses, then ministers will - Independent

Financial Times

Banks told if they won't cut bonuses, then ministers will
Independent
Goldman Sachs, the investment bank bailed out by the US taxpayer last year, is set to pay its staff as much as $23bn (14bn) in salaries and bonuses this .
Survival of the greediestTimes LIVE
We can put a stop to huge, undeserved bank bonusesguardian.co.uk
Why $ billion bank bonuses are good news for all of us (.according to the .Irish Independent

all 20 news articles »
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KBW Banking Index Reveals Whether the Financial Sector Has Really .
So: Only AFTER a two-year long, and 80%-plus deep collapse in the value of the Philadelphia/KBW Banking Sector Index; only AFTER the once prestigious titans of investment banking plunged to the level of penny stocks; only AFTER $12-plus ...

Mixed earnings show uncertainty in U.S. banking sector (MalaysiaNews.net)
Although most major U.S. banks' earnings beat Wall Street expectation in the third quarter, concerns about the banking sector's outlook remain at large as bad loans cloud the outlook. INVESTMENT BANKI...

Imperial Capital seeks to raise $150 million in IPO - Los Angeles Times

Imperial Capital seeks to raise $150 million in IPO
Los Angeles Times
Boutique investment banking firm Imperial Capital Group Inc. has filed to go public, hoping to tap investors' improved appetite for new stock .
UPDATE 1-Investment bank Imperial Capital seeks $150 mln IPOReuters India
Risk Is Back, Baby!Wall Street Journal (blog)
Imperial Capital Plans $150M IPOEmii.com
Market Wire (press release) -Los Angeles Times
all 85 news articles »
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City rose, fell with banking industry (Fort Wayne Journal Gazette)
A monument to the financial crisis is rising amid this city's thicket of skyscrapers: a gleaming, glass-walled trophy tower that was intended as a fitting headquarters for Wachovia's national banking empire...

JPMorgan Passes Goldman Sachs in Fees From Advisory - Bloomberg

guardian.co.uk

JPMorgan Passes Goldman Sachs in Fees From Advisory
Bloomberg
EURśWhat sets us apart is that we stay focused on our clients through all parts of the economic cycle,EURť Douglas Braunstein, head of investment banking in the .
Roundtable: Buy This Bankmsnbc.com
Rent-seekers' nirvanaAsia Times Online
Goldman Critics vs. Little GoldmansWall Street Pit (blog)
New Europe -Daily Mail -Telegraph.co.uk
all 183 news articles »
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Head of Investment Banking and Asset Management - jobs from exec .
Head of Investment Banking and Asset Management - Lagos - Competitive salary package...

Earnings rise for 2 banking firms (The Buffalo News)
Two regional community banking companies reported higher earnings for the third quarter because they did not incur the big one-time charges for investment losses that they took last year...

FTI consulting launching investment banking firm - Baltimore Sun

FTI consulting launching investment banking firm
Baltimore Sun
The new company, EdgeRock Realty Advisors, is a joint venture between FTI and Compass Advisers LLP, an investment banking and financial advisory firm. .
Compass, FTI JV on Investment BankGlobeSt. com
FTI, Compass Advisers form new real estate firmThe Associated Press

all 94 news articles »
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Wall Street back to old tricks - Chicago Sun-Times

Wall Street back to old tricks
Chicago Sun-Times
These are private trading networks in which investment banks do business with each other. The orders aren't routed through any exchange and are reported .

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Prieur's readings (October 25, 2009) » Investment Postcards from .
. an end to conflicts of interest (i.e. credit rating agencies being paid by the very companies whose securities they're rating), and even resurrection of the Glass-Steagall Act separating commercial from investment banking. ...

CMH granted Islamic investment banking licence | Opalesque Islamic .
The Wholesale Islamic investment Banking license enables CMH to offer a wider range of wholesale banking products and services to its shareholders and client base as well as to receive banks and clients depositsEUR¦ ...

Al-Khabeer Capital discusses key financing and investment .
In April 2008, the Capital Market Authority of Saudi Arabia granted asset management and investment banking licenses to AKC, allowing it to underwrite deals, create innovative investment vehicles, and perform a full range of merchant ...

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
Motley Fool -The Associated Press -The Press Association
all 1,017 news articles »
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Credit Suisse Posts $2.4 Billion Profit in Quarter - New York Times

Portfolio.com

Credit Suisse Posts $2.4 Billion Profit in Quarter
New York Times
Credit Suisse said Thursday it earned 2.4 billion Swiss francs in the third quarter as strong results at its investment banking unit helped it bounce back .
Credit Suisse Posts 3Q Net Pft On Invest BankingWall Street Journal
Credit Suisse swings to $2.3 billion profitMarketWatch
Profits at Credit Suisse match peak of the boomTimes Online
The Australian -Reuters India -CITY A.M.
all 450 news articles »
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US investment banking boutique Greenhill & Co outperformed expectations in the third quarter, a period in which it . (eFinancial News)
US investment banking boutique Greenhill & Co outperformed expectations in the third quarter, a period in which it landed a role advising on a $5bn (‚¬3.3bn) energy deal and was also handed its biggest UK equities contract to date...

Mixed earnings show uncertainty in U.S. banking sector (People's Daily)
Although most major U.S. banks' earnings beat Wall Street expectation in the third quarter, concerns about the banking sector's outlook remain at large as bad loans cloud the outlook. INVESTMENT BANKING GAINS Goldman Sachs, JP Morgan and Morgan Stanley reported better-than-expected earnings in the quarter due to strong investment banking business. A surge in Goldman Sachs' profit was driven by ...

Investment banking, retail brokerage businesses boost Morgan Stanley's profit (MalaysiaNews.net)
NEW YORK - Morgan Stanley returned to profitability for the first time in a year as income from its investment banking operations offset losses in commercial real estate.Morgan Stanley said Wednesday...

CBRE Investment Banking Branch to Be Open in New York | E1 BTL .
CB Richard Ellis announced the expansion of its investment banking platform into the Americas. | E1 BTL FINANCE News...



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