Top Investment Banking News for 11/16/2008



S&P: Severe Downturn Likely As Banks, Brokers Change Course - CNNMoney.com

Daily Mail

S&P: Severe Downturn Likely As Banks, Brokers Change Course
CNNMoney.com - Nov 14, 2008
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 .
Morgan Stanley to cut 10pc of investment bank staff Telegraph.co.uk
Blankfein says Goldmans investment banking business to remain intact Financial News (subscription)
Downturn may reshuffle top banks in energy guardian.co.uk
BusinessWeek - Wall Street Journal
all 222 news articles
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RBS mulls axing 3000 investment bank jobs: source - 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. .
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Shareholders dig in over Barclays funding plan - guardian.co.uk

Telegraph.co.uk

Shareholders dig in over Barclays funding plan
guardian.co.uk, UK - 15 hours ago
. would expose it to state controls over its business as well as restricting its ability to pay dividends and bonuses to its investment banking staff. .
How Barclays directors protect their bonuses Tribune
Shareholders Pay as Barclays, UniCredit Raise Capital (Update5) Bloomberg
Barclays in a corner as City brickbats rain down guardian.co.uk
guardian.co.uk - guardian.co.uk
all 225 news articles
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Shamil Chief to review implications of financial crisis with top .
The Chief Executive of Shamil Bank, a leading Bahrain-based Islamic commercial and investment bank and a wholly-owned subsidiary of Ithmaar Bank, will share his expertise with some of the top Arab bankers in the Twelfth Annual Arab ...

(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...

Global Cash Access to Present at Deutsche Bank Gaming Investment .
LAS VEGAS----Global Cash Access Holdings, Inc. today announced that the Company will be presenting at the Deutsche Bank Gaming Investment Forum on Monday, November 17, 2008 at the Las Vegas Convention Center in Las Vegas, NV. ...

AlBaraka Islamic Bank Concludes a Successful Exit from a Mega AED . - Zawya (press release)

AlBaraka Islamic Bank Concludes a Successful Exit from a Mega AED .
Zawya (press release), United Arab Emirates - 9 hours ago
The Bank offers commercial and investment banking services. AlBaraka Islamic Bank is one of the Units of Albaraka Banking Groups. .
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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. ...

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 .
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 173 news articles
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Najeeb Al Saleh: Al Taameer Real Estate Investment appoints a Financial Advisor in Morocco (Zawya)
16 November 2008 Al Taameer Real Estate Investment Al Taameer Real Estate Investment , a Kuwait based company, has declared that it has signed an Advisory Agreement with Attijari Finance Corp Attijari Finance Corp ., the investment arm of Attijariwafa Bank in Morocco, and one of the leading investment banks in North Africa...

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 ...

Iipm-mumbai Provides Lecture on Investment Banking
Nilesh Parwari, Founder of Printbell.com and also a practical guide for Financial Modeling in various educational institutions in India and USA gave a brief introduction on investment banking. He spoke on the inception, growth and how ...

New boards of directors in Carnegie Investment Bank and Max . - Trading Markets (press release)

New boards of directors in Carnegie Investment Bank and Max .
Trading Markets (press release), CA - 8 hours ago
Carnegie Investment Bank Peter Norman (Chairman), CEO at the Seventh Swedish Pension Fund. Norman has more than 20 years of experience from the financial .
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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...

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 ...

Call to free up foreign investment (The Australian)
AUSTRALIA must free up its approach to foreign investment or risk falling behind as a favoured destination, according to a new study...

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. ...

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...

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...

BRIEF: BofA Names More Investment Banking Execs - istockAnalyst.com (press release)

Tampabay.com

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 164 news articles
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Harris Opens Chicago's First Environmentally-Friendly Bank Branch . - MarketWatch

Harris Opens Chicago's First Environmentally-Friendly Bank Branch .
MarketWatch - Nov 15, 2008
The organization is a member of the BMO Financial Group (CA:BMO: news, chart, profile) , which also provides corporate and investment banking services in .
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Fed buying revives commercial paper market
The latest numbers from the Federal Reserve indicate its program to buy up commercial paper has stabilized the short-term funding market, which had plunged when the credit crisis deepened in September...

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...

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, ...

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...

(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 ...

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 ...

International Investment Bank's net income for 9 months is $12.0m (AME Info)
International Investment Bank (IIB), a globally focused investment bank based in the Kingdom of Bahrain, today announced its results for the 9 months ended 30 September 2008...

Euro zone falls to recession - Chicago Tribune

Telegraph.co.uk

Euro zone falls to recession
Chicago Tribune, United States - Nov 15, 2008
. 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
Low end coming out on top amid turmoil The Age
Recession for Europe deepens in most sectors International Herald Tribune
RGE Monitor - Swissinfo
all 652 news articles
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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, .
Goldman Sachs (GS) Has To Clear Another Hurdle To Continue Its . StreetInsider.com (subscription)
Will Goldman Get a Do-Over? Motley Fool
Goldman shares enjoy rebound Tehran Times
Bloomberg - Reuters
all 57 news articles
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