Top Investment Banking News for 11/15/2008
Euro zone falls to recession - Chicago Tribune
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BRIEF: BofA Names More Investment Banking Execs - istockAnalyst.com (press release)
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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
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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
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S&P: Severe Downturn Likely As Banks, Brokers Change Course - CNNMoney.com
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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
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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
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UPDATE 1-French bank Natixis says had tough month in October - Reuters
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RBS mulls axing 3000 investment bank jobs: source - Reuters
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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
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