Top Investment Banking News for 11/28/2008



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...

(AFX UK Focus) 2008-11-27 10:49 Irish bank investment group contacts foreign firms (Interactive Investor)
DUBLIN, Nov 27 (Reuters) - The group proposing to co-invest with the Irish government in the banking system plans to approach further foreign institutions on Thursday and Friday, the Irish Association of Investment Managers (IAIM) said. The group, which already includes a number of foreign institutions, comprises at least ten firms in total, IAIM Chief Executive Frank O'Dwyer told Reuters. He ...

UPDATE 2-Asset mgrs put forward Irish bank investment plan (The Forex Market)
DUBLIN, Nov 27 (Reuters) - A group of investment firms have put forward a plan to the Irish government on the possibility of co-investing with it in the recapitalisation of the banking system, the Irish Association of Investment Managers (IAIM) said...

(AFX UK Focus) 2008-11-27 19:59 Citigroup cuts 12 investment bankers in Canada (Interactive Investor)
TORONTO, Nov 27 (Reuters) - The Canadian unit of Citigroup is cutting a dozen investment banking jobs, the latest in a series of industry downsizings, as the New York-based company sheds thousands of positions worldwide. Its Canadian clients will still be served by corporate bankers and by investment bankers outside the country, a spokeswoman said. "Citi continues to be committed to the Canadian ...

Mining deal's collapse bodes ill for investment banks - International Herald Tribune

Aljazeera.net

Mining deal's collapse bodes ill for investment banks
International Herald Tribune, France - Nov 26, 2008
For the investment bankers at the losing end of the takeover, it comes at about the worst possible time, as the investment banking industry continues to get .
Defenders victorious in battle of banking fees Financial Times
BHP's takeover bid for Rio was killed by distrust The Australian
China's banks to pump billions into economy - but will it work? Telegraph.co.uk
Daily Mail - WA Business News (subscription)
all 1,556 news articles
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Carnegie Investment Bank AB: Carnegie Number 1 in Prospera Ranking - MarketWatch

Carnegie Investment Bank AB: Carnegie Number 1 in Prospera Ranking
MarketWatch - 18 hours ago
Carnegie Investment Bank (STO:CAR) retains its top position according to the 24 largest institutions on the OMX Nordic Exchange Stockholm in Prospera's .
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Collins Stewart names Product Development head
Investment Banking News. Investment Banking Newss · Evolution Securities expands Fixed Income unit. Savings & Investment News. Savings & Investment News · Savings account providers grasp base rate cut. Borrowing & Lending News ...

Citigroup cuts 12 investment bankers in Canada - Reuters

StarPhoenix

Citigroup cuts 12 investment bankers in Canada
Reuters - 15 hours ago
TORONTO (Reuters) - The Canadian unit of Citigroup (CN: Quote, Profile, Research, Stock Buzz) is cutting a dozen investment banking jobs, the latest in a .
Citigroup Cuts 12 Banking Jobs in Canada, Globe Reports Bloomberg
Citi shuts down Canadian investment bank Globe and Mail
all 11 news articles
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Goldman Sachs wins NY state banking charter - Reuters

Goldman Sachs wins NY state banking charter
Reuters - 5 hours ago
Goldman's pursuit of a state charter suggests the company will continue to focus on investment banking, trading and wealthier clients, and not soon build a .
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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...

BANKING SECTOR & FINANCIAL SYSTEM IN STRONGER POSITION TO FACE CHALLENGES (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Nov 28 (Bernama) -- MalaysiaĆ¢‚¬(TM)s banking sector and financial system are in a much stronger position to face the challenges today compared to a decade ago, according to the Malaysian Investment Banking Association (MIBA)...

JP Morgan Cutting 3000 Investment Banking Jobs
JP Morgan Cutting 3000 Investment Banking Jobs - The Huffington Post...

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...

Morgan Stanley Selects Chief for Southeast Asia - Wall Street Journal

Morgan Stanley Selects Chief for Southeast Asia
Wall Street Journal - 21 hours ago
In her new role, Ms. Richdale will also head of investment banking for Southeast Asia. She will be based in Singapore. Ms. Richdale was most recently .
Richdale named Southeast Asia CEO at Morgan Stanley FinanceAsia
all 8 news articles
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The Sab Kanaujia Blog (kanaujia.com): Death of Investment Banking .
September 21, 2008 will be etched on the tombstone of the investment banking industry. The day marked the death of investment banks in America. On that day, the last two remaining independent U.S. investment banks, Goldman Sachs and ...

Back From The Dead « Investment Banking Jobs Guru
I want to quickly comment on the Investment Banking industry from the perspective of careers. Despite the current crisis, which will be a deep and prolonged crisis, Investment Banking WILL COME BACK. And when it does, all these jobs ...

Bank shame is averted by pushing kids into piracy - Seattle Post Intelligencer

Bank shame is averted by pushing kids into piracy
Seattle Post Intelligencer - 24 minutes ago
Nobody goes into investment banking because they love photocopying, enjoy working through the night fueled only by pizza and diet soda, or get a kick out of .
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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...

Post-Layoff Options: 8 Strategies to Pursue If You Get the Axe .
Want to break into investment banking? Private equity? Hedge funds? A stellar resume is your first step. Forget about those generic resume review services. For a field as competitive as finance, you need an expert - someone who's ...

Goldman Sachs wins NY state banking charter (Reuters) | Financial News
NEW YORK (Reuters) EUR Goldman Sachs Group Inc on Friday won a charter from New York State's banking department, a key step in the Wall Street bank's effort to change its investment banking model and gather deposits...

Malaysian banking sector in stronger position: MIBA (Business Times (Malaysia))
MALAYSIA'S banking sector and financial system are in a much stronger position to face the challenges today compared to a decade ago, according to the Malaysian Investment Banking Association (MIBA)...

Carnegie appeals against licence decision - Reuters

Carnegie appeals against licence decision
Reuters - 8 hours ago
Carnegie said last week it was questioning the legality of the way the Swedish national debt office took over the firm's investment bank and insurance .
D. Carnegie & Co AB Appeals the Decision from the Financial . MarketWatch
all 9 news articles
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Citigroup cuts 12 investment bankers in Canada (Reuters via Yahoo! Canada News)
The Canadian unit of Citigroup is cutting a dozen investment banking jobs, the latest in a series of industry downsizings, as the New York-based company sheds thousands of positions worldwide...

I-Banks lay off India employees - NDTV.com

Telegraph.co.uk

I-Banks lay off India employees
NDTV.com, India - Nov 25, 2008
The investment banking jobs once meant enviable salaries, but not any more. After the closure of high-profile investment banks in the US, the crisis has hit .
Towards a future Wall Street Asia Times Online
SOUTHPAW: Crunch time for Citigroup in Europe Euroweek.com
Extreme Makeover at Morgan Stanley New York Times
The Observer - Telegraph.co.uk
all 262 news articles
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Former UBS executives give back bonuses as bank agrees to probe - MarketWatch

Former UBS executives give back bonuses as bank agrees to probe
MarketWatch - Nov 27, 2008
It is worth noting that the major failures in the investment banking industry ( Bear-Stearns, Lehman Bros, Merrill, Goldman-Sachs, and Morgan-Stanley ) had .
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Citigroup Cuts 12 Banking Jobs in Canada, Globe Reports (Bloomberg)
Nov. 27 (Bloomberg) -- Citigroup Inc. , which said this month it will eliminate 52,000 jobs over the next year, plans to close it 12-person investment-banking unit in Toronto, the Globe and Mail reported in its EUR˜Streetwise column...

Brewin Dolphin ready to back struggling investment banking arm in tough times (The Scotsman: Business)
BREWIN Dolphin yesterday stood by its investment banking arm even though it was a drag on the firm's profits last year and faces a "very tough" 2009...

Gulf investment banking business still there: JP Morgan - Banking .
Firms may have to revise expectations, change strategy, says regional head...

Goldman Sachs wins NY state banking charter (Reuters via Yahoo! News)
Goldman Sachs Group Inc on Friday won a charter from New York State's banking department, a key step in the Wall Street bank's effort to change its investment banking model and gather deposits...

EnDevCo Engages National Investment Banking Firm - MarketWatch

EnDevCo Engages National Investment Banking Firm
MarketWatch - Nov 26, 2008
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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