Top Investment Banking News for 11/26/2008



JPMorgan Set to Cut Investment Banking Staff - Mergers .
DealBook is a financial news service reporting on mergers, acquisitions, venture capital and hedge funds and is produced by The New York Times...

TowneBank Receives Preliminary Approval for $76.5 Million Investment Under U.S. Treasury's TARP Program (GlobeNewswire via Yahoo! Finance)
SUFFOLK, Va., Nov. 26, 2008 -- Hampton Roads based TowneBank announced today that it has received preliminary approval for a $76.5 million investment from the U.S. Treasury Department under the TARP Capital Purchase Program...

JPMorgan cuts 3000 investment banking jobs: Sources
JPMorgan Chase & Co is cutting 10 percent of its investment banking staff -- about 3000 jobs -- as the economic slowdown starts bite into its earnings, people familiar with the situation said on Thursday...

Spotlight on Islamic equity investment (Gulf Daily News)
MANAMA: Seera Investment Bank launched a white paper on Islamic banking and investment in partnership with Dow Jones Private Equity at the WIBC. Seera, formerly United International Bank, a Bahrain-based Sharia-compliant investment bank, was the innovation sponsor of the event...

Mashreq, Yes Bank to jointly offer Indian rupee banking services in UAE (Banking Business Review)
The United Arab Emirates-based bank Mashreq has tied up with India-based Yes Bank to offer Global Indian Banking Services across the UAE as part of its Yes First wealth management program, according to Emirates Business...

EnDevCo Engages National Investment Banking Firm (PR Newswire via Yahoo! Finance)
EnDevCo, Inc. , the Energy Development Company, is pleased to announce that it has engaged one of the nation's leading investment banking firms to assist the Company in securing capital to finance substantial near term production and income growth...

Carnegie Investment Bank AB: Changes to the Management Team - WELT ONLINE

Carnegie Investment Bank AB: Changes to the Management Team
WELT ONLINE, Germany - Nov 25, 2008
A consequence of the fact that Carnegie Investment Bank and Max Matthiessen are now operating as independent companies, Private Banking is once again a .
Mikael Ericson Resigns as President and CEO of D. Carnegie & Co AB . Business Wire (press release)
all 14 news articles
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Investment Banking Unit Could Simply 'Wither & Die' :: Business .
Investment Banking Unit Could Simply 'Wither & Die'. Business News. The smart money still thinks that the US government's bailout of Citi is just likely to buy the company time so that it can formulate a plan to break itself up...

Taxpayer to take up the slack as RBS share issue shunned
Investment Banking News. Investment Banking Newss · Evolution Securities expands Fixed Income unit. Savings & Investment News. Savings & Investment News · uSwitch.com: Banks quick to cut savings rate. Borrowing & Lending News ...

(IT) Integration Engineer - Investment Banking Hong Kong .
Rate: 4k - 5.5k per month + HONG KONG EQUIVALENT Location: Hong Kong Integration Engineer required by large Investment...

Stern Team Takes Second At UBS Investment Banking Case Competition - Stern Opportunity (subscription)

Stern Team Takes Second At UBS Investment Banking Case Competition
Stern Opportunity (subscription), NY - 3 hours ago
On Saturday November 8th, 2008 the First Annual UBS Investment Banking Case Competition took place at Columbia University. Ten teams participated in the .
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Obama Emulates FDR With Rubin Clan in EUR˜Henhouse (Update1) - Bloomberg

Obama Emulates FDR With Rubin Clan in EUR˜Henhouse (Update1)
Bloomberg - 6 hours ago
. House economic adviser, ran the Treasury when Congress repealed the Glass- Steagall Act, breaking down walls between commercial and investment banking. .
Banking on a banker Economist
More thoughts on USDA and Obama Grist Magazine
What the $%# Is Happening with the Bailout? Project on Government Oversight
CNSNews.com - Huffington Post
all 119 news articles
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A New Track for Private Equity - Wall Street Journal

A New Track for Private Equity
Wall Street Journal - 51 minutes ago
Those private-equity firms, such as Blackstone and Fortress, which had entered the public markets to take their positions alongside the investment banks are .
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Gulf investment banking business still there: JP Morgan - Banking .
Firms may have to revise expectations, change strategy, says regional head...

Investment Banking Unit Could Simply 'Wither & Die' - Here Is The City

The Age

Investment Banking Unit Could Simply 'Wither & Die'
Here Is The City, UK - 12 hours ago
Thoughts are also turning to what Pandit and the Citi board will do about what's left of its investment banking division. The unit is being radically .
Video: Citigroup to Cut Costs and 53,000 Jobs AssociatedPress
Citigroup plans a leaner future, cuts 53000 jobs The Associated Press
Pandit's failures contributing to Citi's decline Telegraph.co.uk
Crain's New York Business - Times Online
all 504 news articles
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JPMorgan May Fire 10 Percent of Investment Bank Staff (Update2) - Bloomberg

CharlotteObserver.com

JPMorgan May Fire 10 Percent of Investment Bank Staff (Update2)
Bloomberg - Nov 20, 2008
20 (Bloomberg) -- JPMorgan Chase & Co., the largest US bank, plans to fire about 10 percent of its investment banking staff, or about 3000 people, .
JPMorgan to cut 10 pct of investment bank staff The Associated Press
JPMorgan shares tumble on bank woes BusinessWeek
JPMorgan cuts investment banking jobs - sources guardian.co.uk
RTT News - AHN
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Jadwa Investment wins Best New Private Equity Fund and Best New Private Equity House (AME Info)
Jadwa Investment was named 'Best New Private Equity House' and received the award for 'Best New Private Equity Fund' at the 2008 Private Equity World MENA Awards...

First Investment Bank sponsors World Islamic Banking Conference Gala Dinner and International Industry Awards (AME Info)
First Investment Bank, a Bahrain-headquartered Sharia compliant investment bank, has announced it will host the World Islamic Banking Conference's (WIBC) Gala Dinner and International Industry Awards Ceremony on 24th November 2008 at the Gulf International Convention Centre, Gulf Hotel, Kingdom of Bahrain...

Several community banks plan to seek Treasury investment: survey - Bizjournals.com

Finance and Commerce

Several community banks plan to seek Treasury investment: survey
Bizjournals.com, NC - Nov 25, 2008
Nichols at Banc Investment Group is advising many clients to seek TARP money. EURœWe believe banks seeking to build a fortress balance sheet should take .
TowneBank Receives Preliminary Approval for $76.5 Million . MarketWatch
Federal government buying into local bank WDBJ7.com
Banks To Government: Keep Your Money (BXS, CBSH) Investopedia
MarketWatch - MarketWatch
all 560 news articles
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Lazard Hires Investment Bankers Fabrizio Cesario and Frederic . - MarketWatch

Lazard Hires Investment Bankers Fabrizio Cesario and Frederic .
MarketWatch - 14 hours ago
Cesario and Legmann, who are based in London, were formerly members of Lehman Brothers' Financial Institutions investment banking team. .
Lazard lands Lehman FIG duo Financial News (subscription)
all 16 news articles
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Elaf Bank Chief Executive calls for innovation in Islamic banking (AME Info)
Dr. Jamil El Jaroudi, Chief Executive Officer, Elaf Bank, a Bahrain-based Islamic investment bank with an authorized capital of $500m, examined the challenges of innovation in the Islamic banking industry during the opening day of the 15th World Islamic Banking Conference held in the Kingdom of Bahrain...

Banking industry will do well - Odera (The Monitor)
Although fouled to a degree by a series of dark developments, the year 2008 has had a stimulating economic environment and the banking industry is expected to record excellent performance, according to Phillip Odera, Stanbics Managing Director...

Morgan Stanley Loses to JPMorgan in Big China Deals (Update1) - Bloomberg

Morgan Stanley Loses to JPMorgan in Big China Deals (Update1)
Bloomberg - 19 hours ago
Financial institutions with large deposit bases, such as JPMorgan, have eclipsed Wall Street firms like Morgan Stanley, whose investment banking model .
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Gulf bankers review their blueprint (Financial Times)
As financiers and politicians read the last rites for the western investment banking model, financial houses across the Middle East are looking at what it means for their own business strategy...

Careers outside of Investment Banking and Consulting - College .
I'm a junior business major at USC, 3.3 GPA, concentrating in either Information Systems, Operations Management, or a split concentration where I take...

Bank of Montreal Profit Rises on Consumer Banking (Update5) (Bloomberg)
Nov. 25 (Bloomberg) -- Bank of Montreal , Canadas fourth- biggest bank, said higher revenue from consumer banking helped boost fourth-quarter profit by 24 percent from a year ago, when it had debt writedowns and trading losses...

Autos » JP Morgan To Cut Investment Banking Jobs
Read more:http://www.allheadlinenews.com/articles/7013130858. New York, NY (AHN) - JP Morgan Chase & Co will cut 10 percent of its investment banking staff, roughly 3000 jobs, according to recent reports citing an EUR¦ ...

EnDevCo Engages National Investment Banking Firm - MarketWatch

EnDevCo Engages National Investment Banking Firm
MarketWatch - 11 hours ago
the Energy Development Company, is pleased to announce that it has engaged one of the nation's leading investment banking firms to assist the Company in .
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JP Morgan Cutting 3000 Investment Banking Jobs
JP Morgan Cutting 3000 Investment Banking Jobs - The Huffington Post...

EnDevCo Engages National Investment Banking Firm - Mining Top News
EnDevCo, Inc., the Energy Development Company, announce that it has engaged one of the nations leading investment banking firms to assist the Company in securing capital to finance substantial near term production and income growth. ...



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