Top Investment Banking News for 11/18/2008



'Investment market still robust despite slowdown' (New Kerala)
New Delhi, Nov 17: Leading non-banking finance company SKS Microfinance, which added 400,000 customers last month, Monday said the investment market in India was still robust despite the market volatility...

Pressure grows for bank execs to give up bonuses
Better to be a broker than a baron on Wall Street if you're expecting a big bonus this year. The decision by top Goldman Sachs executives to forgo bonuses in 2008 is forcing other investment bank bosses to consider following suit. ...

Three banking companies with area offices seek federal boost (The Kansas City Star)
At least three more banking companies with area offices have asked for a capital boost from Uncle Sam...

EFG-Hermes to buy back five million treasury shares
Egypts largest investment bank, EFG-Hermes, is to buy back up to five million treasury shares between 17 November and 16 December 2008...

Macquarie's profit plunges
MACQUARIE Group's half year net profit has tumbled 43pc after the investment bank took a hit from the turmoil in global financial markets. RSS feeds and News widgets on Feedzilla.com...

Colombia taking aim at investment scams (Miami Herald)
Colombia declared a state of emergency Monday to crack down on illegal investment schemes that lured millions of people with promises of improbably high payouts, only to collapse amid rioting...

UPDATE 1-Deutsche Bank CEO- End at hand for investment banks - Reuters

WELT ONLINE

UPDATE 1-Deutsche Bank CEO- End at hand for investment banks
Reuters - Nov 17, 2008
DE: Quote, Profile, Research, Stock Buzz) Chief Executive, Josef Ackermann, said he expected banks around the world to drop the model of investment banking .
Deutsche Bank Looking for `Distortions' From Bank Aid (Update1) Bloomberg
Deutsche Bank Wins Approval to Acquire Postbank Stake (Update1) Bloomberg
all 20 news articles
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RE-POSITION ISLAMIC BANKING & FINANCE, SAYS NAJIB (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Nov 18 (Bernama) -- The Deputy Prime Minister, Datuk Seri Najib Tun Razak today outlined general work plans to position and re-position Islamic banking and the finance industry to enable it to fully exploit the potential market of one billion Muslims worldwide...

Merrill Appoints New Invest Bank Heads; Forbes Leads Asia -Memo - CNNMoney.com

Merrill Appoints New Invest Bank Heads; Forbes Leads Asia -Memo
CNNMoney.com - 9 hours ago
(MER) has appointed new heads of investment banking for Asia, Europe and the Americas, according to an internal memo seen by Dow Jones Newswires Tuesday. .
Merrill names new head of Asian i-banking in reshuffle Euroweek.com
all 5 news articles
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S1 Corporation signs tenth customer for global financial institution-Centric mobile banking and payments solution (AME Info)
S1 Corporation, a leading global provider of customer interaction software solutions for financial and payment services, announced that ten customers have licensed S1 Mobile, which enables financial institutions worldwide to drive mobile banking and payments revenues from their retail and business customers...

US wine investment specialist on SA wines (South African Wine News)
Mike Fisher, a founding partner of US investment banking firm Global Wine Partners, believes South Africa, with its excellent wine-growing conditions, the beauty of its winelands and competitive cost structures, is well placed to advance from its relative obscurity in the US to the point where it becomes better recognised for its quality offerings...

November 18: Industry Risk - Solving the Middle Market Investment .
Middle market investment banking is likely to take on new prominence for Wall Street and the nation's large banks as financial service companies go down market to look for new sources of revenue to replace large corporate deal flow. ...

Global Banking Corporation presented with the British Chamber of Commerce Award for Business Innovation (AME Info)
Global Banking Corporation B.S.C (c) (GBCORP) the Bahrain based Islamic Investment Bank was today, honoured with the award for Business Innovation by the British Chamber of Commerce in the presence of The Right Honourable Lord Peter Mandelson, Secretary of State for UK Business, Enterprise and Regulatory Reform and European Union Commissioner for External Trade...

Bank of America to Boost Stake in Chinas No. 2 Bank - Money Morning

Reuters

Bank of America to Boost Stake in Chinas No. 2 Bank
Money Morning - 21 hours ago
The initial investment has been a major financial success for BofA. Shares of China Construction Bank have risen 75% since the banks October 2005 initial .
Bank of America to Pay $7 Billion for China Construction Stake Bloomberg
Bank of America to increase stake in China bank International Herald Tribune
Bank of America to Exercise Remainder of China Construction Bank . MarketWatch
AHN - Earthtimes (press release)
all 217 news articles
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BMO Harris Investment Management Inc. (CNW Group via Yahoo! Finance)
BMO Harris Investment Management Inc. , the investment management arm of BMO Harris Private Banking, announces today that it holds 635,600 Class A shares of Big 8 Split Inc. representing approximately 28% of the issued and outstanding shares of this security with approximately 5% in BMO Harris Private Portfolios...

Morgan Keegan Taps Industry Veterans; Remains Committed to . - MarketWatch

Morgan Keegan Taps Industry Veterans; Remains Committed to .
MarketWatch - 1 hour ago
In Morgan Keegan's New York City office, new employees join investment banking veteran Mike Tierney, who was hired last year as a managing director after a .
..

German Stocks Decline, Led by Banks; Deutsche Boerse Retreats - Bloomberg

German Stocks Decline, Led by Banks; Deutsche Boerse Retreats
Bloomberg - 3 hours ago
UniCredit Markets & Investment Banking confirmed its ``sell'' recommendation for the property lender that was bailed out last month, citing a ``complete .
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Push for securitisation to move markets
Current conditions difficult, but home finance, real estate and bank balance sheets to drive long-term potential for securitisation in the Gulf, says Moodys...

Thomas King Joins KeyBancs Financial Sponsors Group
KeyBanc Capital Markets Inc., the corporate and investment banking arm of KeyCorp (NYSE:KEY), announced today that Thomas N. King has joined the firm as managing director within its financial sponsors group. ...

Barclays lets shareholders in on Mideast stock - The Associated Press

BBC News

Barclays lets shareholders in on Mideast stock
The Associated Press - 1 hour ago
Last year, the bank's top-paid director, investment banking chief Robert Diamond, received a bonus of nearly 21 million pounds on top of a basic salary of .
No annual bonus for Barclays chiefs The Press Association
Shareholders dig in over Barclays funding plan guardian.co.uk
Barclays yields to pressure from investors International Herald Tribune
Reuters - Wealth Bulletin
all 651 news articles
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(AFX UK Focus) 2008-11-17 13:03 UPDATE 1-Deutsche Bank CEO- End at hand for investment banks (Interactive Investor)
(Adds CEO comments, share price) FRANKFURT Nov 17 (Reuters) - Deutsche Bank's Chief Executive, Josef Ackermann, said he expected banks around the world to drop the model of investment banking as a standalone business as a result of the financial crisis...

Morgan Stanley's Banking Chief Crossing the Line - Financial-Planning.com

The Wharf

Morgan Stanley's Banking Chief Crossing the Line
Financial-Planning.com, NY - 1 hour ago
Though the line between commercial and investment banking has been blurring for years, most often when an executive jumps that gap it is a commercial bank .
S&P: Severe Downturn Likely As Banks, Brokers Change Course CNNMoney.com
Morgan Stanley to cut 10pc of investment bank staff Telegraph.co.uk
Downturn may reshuffle top banks in energy guardian.co.uk
BusinessWeek - Financial News (subscription)
all 225 news articles
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Are you the next Lehman Brothers?
On the surface, this financial crisis seems pretty complicated. Wall Street firms made convoluted bets on exotic mortgage securities, and those bets failed for a complex set of reasons. But in fact, investment banks went under for ...

EFG-Hermes nine-month net profit up
Egyptian investment banking firm EFG-Hermes has reported a net profit after tax and minority interest of EGP913.8 million for the nine-month period ended September 30, 2008, an increase of 2.8%, compared to EGP889.2 million for the same ...

Gulf Bank total losses reach $1.38 billion
Central bank auditors panel reveals KWD 375 million ($1.38 billion) loss on derivatives at Gulf Bank...

Managing Director/Investment Banking
Bayt.com | Latest Jobs - Major Duties and Responsibilities: -Develop short and long term business strategies and plan for the achievement of overall business objectives. -Set, in coordination with the respective Managers, ...

UPDATE: E.ON: EUR7.5 Billion Credit Line Extended To Nov 26 2009 - CNNMoney.com

UPDATE: E.ON: EUR7.5 Billion Credit Line Extended To Nov 26 2009
CNNMoney.com - 1 hour ago
FR), CALYON, Citigroup Global Markets Ltd., Deutsche Bank AG (DB) , Dresdner Kleinwort, the Investment Banking Division of Dresdner Bank AG, HSBC Bank PLC .
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Citi to shed 53000 jobs - Sioux Falls Argus Leader

The Age

Citi to shed 53000 jobs
Sioux Falls Argus Leader, SD - 9 hours ago
Pandit told workers the bank was not giving up on investment banking, citing emerging markets that can deliver growth. But the riskiest investment banking .
Video: Citigroup to Cut Costs and 53,000 Jobs AssociatedPress
52000 jobs to go at Citigroup Telegraph.co.uk
CITI GOES UNDER THE KNIFE Globe and Mail
Bloomberg - New York Times
all 1,184 news articles
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Barclays CEO, Diamond to Forgo 2008 Bonuses Amid Credit Crisis - Bloomberg

NEWS.com.au

Barclays CEO, Diamond to Forgo 2008 Bonuses Amid Credit Crisis
Bloomberg - 5 hours ago
Barclays Chief Executive Officer John Varley, investment banking chief Robert Diamond, consumer bank head Frits Seegers and Finance Director Chris Lucas .
Bailout Bonuses For Investment Bank Execs CBS News
Goldman Bonuses: The Neutron Bomb of Wall Street Wall Street Journal Blogs
Barclays' senior executives too to forego annual bonuses domain-B
Independent - findingDulcinea
all 681 news articles
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Swiss banking giant picks PSE as a recommended emerging market (GMA News)
MANILA, Philippines - An investment banking giant has picked the Philippine stock market as one of the best emerging markets for investors to put their money in...



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