Top Investment Banking News for 11/13/2008



Growthink Raises Investment Capital (Marketwire via Yahoo! Finance)
Growthink, the leading Business Development and Investment Banking Services Firm to Emerging and Middle Market Enterprises, announced today that the Company has raised direct investment capital via a Preferred Shares offering...

UniCredit Markets & Investment Banking selects Caplin for electronic FX trading (Finextra)
Caplin Systems, the leader in web-based trading technology, today announced that UniCredit's Markets & Investment Banking Division (MIB) has selected ...

The End of Standalone Investment Banking EUR” A Picture Says It All
I think the picture says it all. The article is a bit long, but worth a read, if you have the time or you are writing a history of investment banking - which I think now would be a good doctoral thesis. Portfolio.Com. Source: Portfolio.Com...

National Bank Financial Group Completes Minority Investment in . - MarketWatch

National Bank Financial Group Completes Minority Investment in .
MarketWatch - Nov 10, 2008
The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international .
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Investment banking revenues shrink in Middle East (eFinancial News)
Investment banking revenues in the Middle East are down more than 40% this year to date, with the number of equity capital market, fixed income and merger and acquisition deals tailing off dramatically through the past three months and revenue sinking to a two-year low in October...

(AFX UK Focus) 2008-11-11 08:03 Merrill's Asia investment banking head leaves (Interactive Investor)
HONG KONG, Nov 11 (Reuters) - Merrill Lynch's head of investment banking for all of Asia, Damian Chunilal, has left the firm, according to a memo obtained by Reuters on Tuesday. Merrill Spokesman Rob Stewart confirmed that Chunilal, whose official title is head of Pacific Rim origination, has left the bank...

Investment Banking Interview Questions Careers Jobs
discover the secrets to nailing your investment banking interviews quot Discover The Secrets To Nailing Your Investment Banking Interviews And Land Job Offers From Investment Banks Paying You 75 000 Plus Bonuses Right Out Of College ...

JP Morgan to set aside another $2.4 billion in loan loss reserves .
(Reuters)EUR”JP Morgan Chase will likely add $2...

Blankfein says Goldmans investment banking business remains intact
Lloyd Blankfein, chairman and chief executive of Goldman Sachs, said the firm's conversion to a bank holding company has had no major impacts on its investment banking activities...

Bradesco shuts trading business at investment bank - Reuters

Bradesco shuts trading business at investment bank
Reuters - 17 hours ago
N: Quote, Profile, Research, Stock Buzz), said on Wednesday it shut the trading business of its investment banking unit, only two years after setting it up, .
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Goldman CEO says strategy won't change as bank - Reuters

Boston Globe

Goldman CEO says strategy won't change as bank
Reuters - Nov 11, 2008
Blankfein, who has led the largest US investment banking firm since 2006, also argued that its profitability, as measured by return on equity, .
Blankfein says Goldmans investment banking business remains intact Wealth Bulletin
Deutsche Bank Cuts Price Target on Goldman Sachs (GS) to $108 StreetInsider.com (subscription)
Goldman shares enjoy rebound Tehran Times
Forbes - Reuters
all 53 news articles
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Morgan Stanley to cut 10pc of investment bank staff - Telegraph.co.uk

Daily Mail

Morgan Stanley to cut 10pc of investment bank staff
Telegraph.co.uk, United Kingdom - 12 hours ago
Morgan Stanley is to cut 10pc of staff from its core investment banking division as it rationalises costs and restructures its business in light of the .
Morgan Stanley to Cut More Jobs Wall Street Journal
Biggest Unit at Morgan Is to Lose 10% of Staff New York Times
Morgan Stanley to lose one in ten jobs in two divisions Times Online
The Associated Press - Trading Markets (press release)
all 216 news articles
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UPDATE 1-French bank Natixis says had tough month in October - Reuters

AFP

UPDATE 1-French bank Natixis says had tough month in October
Reuters - Nov 12, 2008
Natixis added that the bad risk provision for its investment banking unit in October stood at 250 million euros. Natixis is due to publish third-quarter .
French bank Natixis reports steep 3Q loss The Associated Press
Natixis denies billion-euro monthly loss France24
French investment bank denies massive trading loss - Update Earthtimes (press release)
Reuters - Reuters
all 168 news articles
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OSK RESEARCH MAINTAINS A NEUTRAL CALL ON BANKING SECTOR (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Nov 13 (Bernama) -- OSK Research maintained a neutral call on the banking sector on the back of a potentially steeper-than-expected earnings risk...

Investment Banking Bonus Matrix
Via EconomPic Data...

PlainsCapital to buy Dallas investment bank - LubbockOnline.com

PlainsCapital to buy Dallas investment bank
LubbockOnline.com, TX - Nov 11, 2008
By Chris Van Wagenen | AJ BUSINESS EDITOR PlainsCapital Corp. signed a definitive agreement Tuesday to acquire the Dallas investment bank of First Southwest .
PlainsCapital to Buy First Southwest Co. Bond Buyer (subscription)
PlainsCapital to buy First Southwest Bizjournals.com
PlainsCapital of Dallas acquiring First Southwest Dallas Morning News
Biloxi Sun Herald
all 33 news articles
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Natixiss Investment Banking Arm Took a Hit in Oct.
French bank Natixis said Wednesday its investment banking arm had a revenue loss of 250 million euros ($320 million) in October due to EUR˜extremely difficult' market conditions. The bank, which reports third quarter results on Thursday, ...

This Stanford Life: The cult of investment banking
Hopefully the decline of the cult of investment banking will force talented students to look at other, more productive fields and opportunities. Many students joined investment banking firms simply because others were doing it and they ...

Sweden's financial regulator revokes banking license from troubled investment bank Carnegie (Minneapolis-St. Paul Star Tribune)
STOCKHOLM, Sweden - Sweden's financial regulator revokes banking license from troubled investment bank Carnegie. Comments are subject to the site's terms of use and do not necessarily reflect the opinion or approval of the Star Tribune...

The End of Wall Street / Investment Banking Bonus Matrix
Michael Lewis has a great article titled 'The End' in Portfolio which inspired the investment banking bonus matrix below. I wrote back in September about the Downfall of the Investment Banking Model and he goes 1000 steps further, ...

Resume Critique EUR Value Added Elements
Lets call the author of this investment banking resume David. David has only two years full time experience, but his resume looks very rich. I have simplified his job descriptions which were also very well written. ...

Loopt getting investment banker Allen & Co. looped in - CNET News

Loopt getting investment banker Allen & Co. looped in
CNET News, CA - 19 hours ago
Mobile friend finding service Loopt reportedly has looped in boutique investment banking firm Allen & Co. to land it a buyer or locate financing, .
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Natixiss Investment Banking Arm Took a Hit in Oct. (New York Times)
French bank Natixis said Wednesday its investment banking arm had a revenue loss of 250 million euros ($320 million) in October due to EUR˜extremely difficult' market conditions...

The Meeting Behind The US Banking Crisis
The end of the US investment banking era. From UPI on September 22:. The US Federal Reserve ended an era on Wall Street Sunday, agreeing to allow two investment banks to change structure to become bank holding companies. ...

MOVES-Merrill Lynch, Brewin Dolphin Investment Banking (Reuters via Yahoo! Philippines News)
(Adds Brewin Dolphin and Merrill Lynch)..

Biggest Unit at Morgan Is to Lose 10% of Staff (New York Times)
Morgan Stanley will cut 10 percent of the staff in its biggest business, the institutional securities group, which covers everything from investment banking to stock trading...

Sweden's financial regulator revokes banking license from troubled investment bank Carnegie (INO News)
(AP:STOCKHOLM, Sweden) Sweden's financial regulator revokes banking license from troubled investment bank Carnegie. Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed...

Local banks doing okay - Ripley Bee

Local banks doing okay
Ripley Bee, OH - 12 hours ago
Investment banking involves selling stocks and bonds on Wall Street instead of providing loans. Cincinnati based Fifth Third Bank is one of the .
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Bank Stocks Are Falling. So Are Research Analysts - Wall Street Journal Blogs

Bank Stocks Are Falling. So Are Research Analysts
Wall Street Journal Blogs, NY - 14 hours ago
Goldman just let go William Tanona, its analyst covering investment banks. Banc of America Securities let its bank analyst, John MacDonald, go last year and .
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UPDATE 1-Merrill's Asia investment banking head leaves - Reuters

UPDATE 1-Merrill's Asia investment banking head leaves
Reuters - Nov 11, 2008
N: Quote, Profile, Research, Stock Buzz) head of investment banking for all of Asia, Damian Chunilal, has left the firm, a memo obtained by Reuters said on .
2nd UPDATE: Merrill's Asia Invest Bank Head Leaves Firm-Memo CNNMoney.com
all 30 news articles
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