Top Investment Banking News for 11/23/2008



Chase cuts won't have big Phoenix impact - Bizjournals.com

Chase cuts won't have big Phoenix impact
Bizjournals.com, NC - Nov 21, 2008
Chase (NYSE: JPM) has approximately 9000 workers in the Valley but those employees are in other divisions and not investment banking which is centered more .
Will Citigroup Regain Its Lost Luster? Seeking Alpha
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Citi trapped in mire of its own making - Times Online

RTE.ie

Citi trapped in mire of its own making
Times Online, UK - Nov 22, 2008
In New York the redundancies started in capital markets and investment banking but this is a global firm and thousands of jobs are going in India and .
Citigroup Tries to Stop the Drop in Its Share Price New York Times
Alwaleed Plans to Boost His Stake in Citigroup to 5% (Update2) Bloomberg
Saudi Prince Boosts Citigroup Investment to 5% Dow Industrials
Money Morning - Tampabay.com
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JPMorgan to cut 10 percent of investment banking staff (The Star-Ledger)
JPMorgan Chase is shedding about 10 percent of its investment bank staff in an effort to better weather the global economic slowdown.Chris Hondros/Getty ImagesThe New York-based banking giant is making cuts that are likely to be in line with its...

Report: JP Morgan Chase to cut 3,000 jobs in investment banking (EARTHtimes.org)
New York - JP Morgan Chase will cut about 3,000 jobs in its investment banking division as a result of the global financial crisis, a report said Thursday. The layoffs would hit about 10 per cent of the division and some employees had already been gi...

Chase to cut 3,000 investment banking jobs (BizJournals)
JP Morgan Chase is cutting the 3,000 investment banking positions companywide EUR” about 10 percent of that financial unit EUR” according to reports by Marketwatch and the Daily Telegraph (U.K) newspaper. (JPM)..

Rothschild Investment Banking Posts Record Results
The inability of the current investment banking model to withstand the ongoing liquidity crisis has forced many investment bankers out of business or those few...

Page Perry's Market Monitor - November 21 , 2008 :: Investment .
Deutsche Bank Cutting Investment Banking Jobs The loss of jobs in investment banking and brokerage is. November 17, 2008 8:54 AM Where is the Transparency ? The hoopla surrounding the presidential election and the promise of. ...

Merrill names new IB head for Asia-Pacific - General - FinanceAsia .
Jim Forbes will become the new head of investment banking for the Asia-Pacific region at Merrill Lynch after its pending integration into Bank of America, effectively succeeding Damian Chunilal who left the US firm last week. ...

Help needed at ailing Citigroup - Crain's New York Business

Straits Times

Help needed at ailing Citigroup
Crain's New York Business, NY - 11 hours ago
WEAKNESSES His background is uncomfortably similar to Mr. Pandit'sEUR”lots of years in investment banking and not much else. Only in his post 18 mos. .
Video: Citigroup to Cut Costs and 53,000 Jobs AssociatedPress
Pandit's failures contributing to Citi's decline Telegraph.co.uk
Citigroup plans a leaner future, cuts 53000 jobs The Associated Press
Bloomberg - Sioux Falls Argus Leader
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JPMorgan Poised to Cut Investment Banking Staff (New York Times)
Investment bankers at JPMorgan Chase should get their rĂsumĂs ready. Layoffs appear imminent...

Investment Opportunities: Dynasty Banking Review | EVE-Mag.com
Sat, Nov 22, 2008. Articles, Latest, Reviews. by Erik Jensen EUR¦ Many of you out there may be wondering if there is a passive, relatively safe way to grow your ISK. IPOs, shares, research agents, blueprint research and copying, ...

Rothschild Investment Banking Posts Record Results / Seeking Alpha .
Rothschild Investment Banking Posts Record Results / Seeking Alpha / November 21, 2008. via Alex Jones Infowars: Theres a war on for your mind! This entry was posted on November 21, 2008 at 3:49 pm and is filed under Alternative News, ...

Deutsche to cut 900 jobs by the end of the year
Investment Banking · Private Equity · Trading & Technology · US Edition. Other Financial News Sites. Saturday. 22 November 2008. 11:31 GMT. Investment Banking. Advanced search EUR. BRUMMELL · Financial News Events · Private Equity News ...

(AFX UK Focus) 2008-11-20 16:59 UPDATE 2-JPMorgan cuts investment banking jobs - sources (Interactive Investor)
NEW YORK, Nov 20 (Reuters) - JPMorgan Chase & Co is cutting about 10 percent of its investment banking staff as the credit crunch and slowdown in the economy bite into bank earnings, people familiar with the situation said on Thursday. The company will likely cut staff in line with competitors such as Goldman Sachs Group, which is cutting 10 percent, the sources said. On Thursday, JPMorgan let ...

JPMorgan cuts investment banking jobs - sources - guardian.co.uk

China Daily

JPMorgan cuts investment banking jobs - sources
guardian.co.uk, UK - Nov 20, 2008
By Elinor Comlay NEW YORK, Nov 20 (Reuters) - JPMorgan Chase & Co is cutting 10 percent of its investment banking staff -- about 3000 jobs -- as the .
JP Morgan plans to cut 10% jobs in investment banking: Reports RTT News
JPMorgan May Fire 10 Percent of Investment Bank Staff (Update2) Bloomberg
JP Morgan To Cut Investment Banking Jobs AHN
New York Times Blogs - BusinessWeek
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JPMorgan cuts investment banking jobs: sources (The Economic Times)
JPMorgan Chase & Co is cutting about 10 pc of its investment banking staff as the credit crunch and slowdown in the economy bite into bank earnings, people familiar with the situation said...

More state aid for UBS seen by top regulator-report - Reuters

stv.tv

More state aid for UBS seen by top regulator-report
Reuters - 10 hours ago
Risky investments at UBS' investment banking division forced it to make nearly $49 billion of writedowns and prompted Berne to announce on Oct. 16 it would .
Regulator admits UBS may need extra bailout Swissinfo
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Wall $treet Folly: Investment banking bonuses could drop over 70 .
Lumps of coal: Bloomberg reports that after BNP Paribas' Q3 profit stumble, investment banking bonuses could drop 70% or more -- and in more cases, to the dreaded bagel: Most employees will have their bonuses reduced, more people than ...

Business Intelligence Middle East - bi-me.com - Sukuk market .
He said that over the longer term, consumer and corporate banking will likely account for up to 70% of earnings, overtaking the contribution from investment banking, which will fall to 30%. The growth potential in Islamic banking and ...

BNP Paribas likely to cut bonuses at investment banking unit, says . - RTT News

BNP Paribas likely to cut bonuses at investment banking unit, says .
RTT News, NY - Nov 21, 2008
L: News ) may cut bonuses by over 70% at its corporate and investment banking unit, Bloomberg reported Friday. Jacques d'Estais, the Paris-based head of .
BNP Paribas May Cut Bonuses at Investment Bank Unit (Update3) Bloomberg
Firm Says More Staff Than Before Will Get No Bonus Here Is The City
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And Deliver Us From Estimates, AmenEUR¦
So if the Buyside doesnt care about ratings and earnings estimates from the investment banking research analyst community, why provide them at all? The answer, is and has always been, retail. The investment advisors and registered ...

Chase to cut 3000 investment banking jobs - Bizjournals.com

Chase to cut 3000 investment banking jobs
Bizjournals.com, NC - Nov 20, 2008
JP Morgan Chase is cutting the 3000 investment banking positions companywide EUR” about 10 percent of that financial unit EUR” according to reports by Marketwatch .
Report: JP Morgan Chase to cut 3000 jobs in investment banking TopNews
JP Morgan to cut 10% of investment bank staff MarketWatch
FINANCIAL STOCKS MarketWatch
MarketWatch
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JPMorgan cuts investment banking jobs - sources (Reuters via Yahoo! Philippines News)
NEW YORK, Nov 20 (Reuters) - JPMorgan Chase & Co is cutting about 10 percent of its investment banking staff as the credit crunch and slowdown in the economy bite into bank earnings, people familiar with the situation said on Thursday...

JPMorgan cuts 3000 investment banking jobs: Sources (The Economic Times)
JPMorgan is cutting its investment banking staff as economic slowdown starts to bite into its earnings. Reshape your career | Trends & turmoil in job market..

Wells Fargos Sloan Named to Head Wachovias Investment Bank (Bloomberg)
Nov. 21 (Bloomberg) -- Wells Fargo & Co. , the California bank buying Wachovia Corp., named commercial lending executive Tim Sloan to head Wachovias global markets and investment banking group after the integration is completed at the end of the year...

A Friendships Paying Off for British Banking Giant - New York Times

BBC News

A Friendships Paying Off for British Banking Giant
New York Times, United States - Nov 21, 2008
Indeed, the combined reward for Ms. Staveley and Mr. Jenkins probably surpasses the Middle East investment banking fees for many investment banks. .
Deadline Looms as Barclays Strives to Draw in Holders Wall Street Journal
Middleman may win big in Barclays' deal International Herald Tribune
Barclays boss to face investor fury over 7bn fundraising guardian.co.uk
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Rothschild Investment Banking Posts Record Results: What's Their .
However, as lenders globally continue to write off and provision for a significant volume of soured loans, U.K.s Rothschild group, one of the worlds leading investment banking organizations, has posted record results. ...

Wells Taps Sloan for Wachovia Investment Bank, Williams Leaving - Bloomberg

Wells Taps Sloan for Wachovia Investment Bank, Williams Leaving
Bloomberg - Nov 21, 2008
. the California bank buying Wachovia Corp., named Tim Sloan to replace Ben Williams as head of Wachovias global markets and investment banking group, .
Wells Fargo becomes nations largest bank based on stock-market value Bizjournals.com
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UPDATE 2-JPMorgan cuts investment banking jobs - sources - Reuters

UPDATE 2-JPMorgan cuts investment banking jobs - sources
Reuters - Nov 20, 2008
N: Quote, Profile, Research, Stock Buzz) is cutting about 10 percent of its investment banking staff as the credit crunch and slowdown in the economy bite .
Kuwait bankers urge $12.8 bln stock bailout fund Reuters
MOVES-State Street, RBC Capital Markets, SKS Microfinance Reuters
UPDATE 1-Barclays plan gets L&G boost ahead of key vote Reuters
Reuters - Reuters
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JPMorgan cuts investment banking jobs: sources (Washington Post)
NEW YORK (Reuters) - JPMorgan Chase & Co is cutting 10 percent of its investment banking staff -- about 3,000 jobs -- as the economic slowdown starts to bite into its earnings, people familiar with the situation said on Thursday...



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