Top Investment Banking News for 11/15/2008



Euro zone falls to recession - Chicago Tribune

ABC News

Euro zone falls to recession
Chicago Tribune, United States - 6 hours ago
. and outright contraction both in investment and exports," Marco Valli, chief Italian economist at Unicredit Markets and Investment Banking in Milan, .
Euro Zone Officially Is in Recession New York Times
Recession for Europe deepens in most sectors International Herald Tribune
A significant GDP contraction in 2009 RGE Monitor
Alibaba News Channel - Swissinfo
all 937 news articles
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BRIEF: BofA Names More Investment Banking Execs - istockAnalyst.com (press release)

Boston Globe

BRIEF: BofA Names More Investment Banking Execs
istockAnalyst.com (press release), OR - Nov 13, 2008
13--Bank of America Corp. today told employees that its current head of global investment banking Brian Brille will become head of Americas corporate and .
BofA snaps up Merrill staff for posts in merged bank to come Financial News (subscription)
BofA Names Top Banking Business Heads New York Times Blogs
Bank of America names sr. banking business heads Reuters
Euroweek.com - Wall Street Journal
all 162 news articles
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Saudi Arabia- Petrochem, banking sectors dent TASI (MENAFN)
Saudi Arabia- Petrochem, banking sectors dent TASI..

BofA names more investment banking execs (The Charlotte Observer)
(By Rick Rothacker, rrothacker@charlotteobserver.com) Bank of America Corp. today told employees that its current head of global investment banking Brian Brille will become head of Americas corporate and investment banking after the Charlotte bank's acquisition of Merrill Lynch & Co. Brille was one of the higher-ranking executives whose position was still unknown in the combined company. He ...

Idea Cellular, IDFC, LT top buys: Templeton MF
Templeton Mutual Fund has decreased its holding in banking financial services, media entertainment and metals mining sectors. However, it has increased its investment in oil gas, information technology and chemical sectors. ...

(AFX UK Focus) 2008-11-13 21:57 Global investment banking revenues to plunge -S&P (Interactive Investor)
NEW YORK, Nov 13 (Reuters) - The worldwide financial crisis will take a heavier toll on global banks and brokers than previously expected, pushing investment banking revenues down by 50 percent to 60 percent from 2007 levels, Standard & Poor's said on Thursday. Despite sweeping government interventions, many parts of the financial markets remain closed for now and restoring confidence will be a ...

Citigroup Buyers Banking on Big Buys - Barron's

stv.tv

Citigroup Buyers Banking on Big Buys
Barron's - 16 hours ago
Three other executives -- John Havens, the head of investment banking; James Forese, head of trading and sales; and Brian Leach, the chief risk officer .
Citigroup's Revenue `Strong and Stable,' Pandit Says (Update2) Bloomberg
Market Place Worst May Be Yet to Come for Citigroup New York Times
Top Firm Said Chopping 'Humongous Number' Of Staff Here Is The City
New York Times Blogs - NewsMax.com
all 126 news articles
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Alarm bells ring in the Square Mile as RBS culls 3000 jobs
Royal Bank of Scotland is finalising plans to cut 3000 jobs in its investment banking business in a move that will send shivers through London's Square Mile. The bank, which is receiving a 20bn handout from the government, ...

Lehman staff set to get bonuses
The remaining UK staff at the failed investment bank Lehman Brothers are to receive their annual bonuses despite the firm being in administration. RSS feeds and News widgets on Feedzilla.com...

(AFX UK Focus) 2008-11-14 11:34 UPDATE 1-RBS mulls axing 3,000 investment bank jobs -source (Interactive Investor)
LONDON, Nov 14 (Reuters) - Royal Bank of Scotland is considering cutting 3,000 jobs in its investment banking arm, a person familiar with the matter said on Friday. An RBS spokeswoman said in a statement: "We are constantly reviewing our business model to ensure that we are aligned to market conditions and we would take any action accordingly." RBS employs 170,000 people globally, including ...

BofA names more investment banking execs (The Charlotte Observer)
head of global corporate, commercial and investment banking. In addition to Brille, the bank named eleven other Bank of America and Merrill executives to investment banking posts. Since early October, Bank of America has been laying out the leadership of the combined wealth management and corporate and investment banking operations to be led by Merrill's current chief executive, John Thain. ...

(AFX UK Focus) 2008-11-13 14:42 BRIEF-Bank of America names senior corporate, investment banking executives (Interactive Investor)
Nov 13 (Reuters) - Bank of America Corp announced senior appointments in its corporate, commercial and investment banking operations, which would take effect after it completes its acquisition of Merrill Lynch & Co. The changes were announced in a memo by Greg Fleming, a Merrill executive who would become the combined companies' head of global corporate, commercial and investment banking...

Job Cuts Loom At Citi, Sun Microsystems
Citigroup is expected to cut at least an additional 10000 jobs in its investment bank and other divisions worldwide, according to a report in The Wall Street Journal. Meanwhile, Sun Microsystems Inc. plans to cut up to 6000 jobs. ...

Lehman creditors learn of a long haul ahead
It is doubtful that the O2 ever held a gloomier party. About 1500 creditors of Lehman Brothers poured into Indigo, the music venue at what was once the Millennium Dome, to stake their claims on the stricken investment banks $288 ...

Enron liquidation pales in comparison to Lehman
THE administration of failed investment bank Lehman Brothers's European arm will be ''ten times as large and more complicated'' than the liquidation of Enron, admin News widgets and RSS feeds on Feedzilla.com...

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

Loopt getting investment banker Allen & Co. looped in
CNET News, CA - Nov 12, 2008
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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S&P: Severe Downturn Likely As Banks, Brokers Change Course - CNNMoney.com

CEP News

S&P: Severe Downturn Likely As Banks, Brokers Change Course
CNNMoney.com - 21 hours ago
Sales and trading are expected to decline 30% to 40% from 2007 and investment banking is expected to fall 50% to 60%, down from S&P's estimate for the year .
Downturn may reshuffle top banks in energy guardian.co.uk
Analysts And Research Still Evolving istockAnalyst.com (press release)
Analysts Keep Cutting Street Views Wall Street Journal
Times Online - CNNMoney.com
all 223 news articles
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RBS mulls axing 3,000 investment bank jobs: source (Reuters via Yahoo! News)
Royal Bank of Scotland is considering cutting 3,000 jobs in its investment banking arm, a person familiar with the matter said on Friday...

Bradesco shuts trading business at investment bank - Reuters

Bradesco shuts trading business at investment bank
Reuters - Nov 12, 2008
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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NAI Forms Venture With Investment Banking Firm
NAI Global has formed a venture with Bluestone Real Estate Capital, a Bluebell, Pa.-based real estate investment bank...

RBS mulls axing 3000 jobs
LONDON (Reuters) - Royal Bank of Scotland is considering cutting 3000 jobs in its investment banking arm, a person familiar with the matter said on Friday. RSS feeds and News widgets on Feedzilla.com...

Investment banking revenues in the dumps
THE financial crisis will take a heavier toll on global banks and brokers than previously expected, Standard & Poor's said on Thursday. It said that investment banking revenues could fall by 50-60 per cent from last year's levels...

PM lauds Canada's banking regulations (Winnipeg Free Press)
PRIME Minister Stephen Harper will extol the virtues of the Canadian banking system and press other nations to adopt their own stricter controls when he meets with world leaders in Washington today. Harper and Finance Minister Jim Flaherty have repeatedly lauded Canada's financial regulatory system for protecting Canada from the level of economic gloom hitting countries like the United States ...

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...

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
Goldman Sachs (GS) Has To Clear Another Hurdle To Continue Its . StreetInsider.com (subscription)
Goldman shares enjoy rebound Tehran Times
Motley Fool - Bloomberg
all 57 news articles
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UPDATE 1-French bank Natixis says had tough month in October - Reuters

TopNews

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 .
Natixis denies billion-euro monthly loss France24
French investment bank denies massive trading loss - Update Earthtimes (press release)
French bank Natixis posts 3rd quarter loss guardian.co.uk
The Associated Press - Reuters
all 173 news articles
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RBS mulls axing 3000 investment bank jobs: source - Reuters

Reuters

RBS mulls axing 3000 investment bank jobs: source
Reuters - Nov 14, 2008
L: Quote, Profile, Research, Stock Buzz) is considering cutting 3000 jobs in its investment banking arm, a person familiar with the matter said on Friday. .
Global investment banking revenues to plunge -S&P Reuters
Big role seen for government in US bank M&A Reuters
FACTBOX-UniCredit's 6.6 bln euro funds boost Reuters
Reuters - Reuters
all 2,794 news articles
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Examining technical and sentiment indicators for Morgan Stanley (MS)
Shares of Morgan Stanley (MS: sentiment, chart, options) were off more than 12% today, after David Trone, an analyst at Fox-Pitt Kelton, warned that the investment bank could post a fourth-quarter loss.(Read More) News widgets and RSS ...

BofA Names Top Banking Business Heads (New York Times)
Bank of America announced the names of the senior business heads for its corporate, commercial and investment banking operations on Thursday in an internal memo, obtained by Reuters...

Morgan Stanley to cut 10pc of investment bank staff - Telegraph.co.uk

CharlotteObserver.com

Morgan Stanley to cut 10pc of investment bank staff
Telegraph.co.uk, United Kingdom - Nov 12, 2008
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 .
UPDATE 1-Wachovia gets just 1 of 12 top Wells Fargo jobs Reuters
Wells announces new executive ranks Trading Markets (press release)
Biggest Unit at Morgan Is to Lose 10% of Staff New York Times
WELT ONLINE - FierceFinance
all 95 news articles
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