Top Investment Banking News for 11/29/2008



JPMorgan May Fire 10 Percent of Investment Bank Staff (Update2) - Bloomberg

Sify

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
JP Morgan plans to cut 10% jobs in investment banking: Reports RTT News
JPMorgan shares tumble on bank woes BusinessWeek
guardian.co.uk - AHN
all 214 news articles
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Rothschild Investment Banking Posts Record Results | Daily Markets
The inability of the current investment banking model to withstand the ongoing liquidity crisis has forced many investment bankers out of business or those...

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...

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)...

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...

Goldman Sachs wins NY state banking charter - Reuters

Goldman Sachs wins NY state banking charter
Reuters - 3 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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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...

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...

Citi Continues Post-Bailout Surge - TheStreet.com

Straits Times

Citi Continues Post-Bailout Surge
TheStreet.com - Nov 28, 2008
The capital injection was on top of an earlier $25 billion investment. Federal regulators also agreed to backstop $306 billion in risky assets. .
US's 'Try, Try Again' With Citi May Mark Plan For Other Banks CNNMoney.com
Even After Infusion, Citi Seen Needing Fix Financial-Planning.com
Fitch cuts Citigroup's long-term rating BusinessWeek
Forbes - CNNMoney.com
all 3,315 news articles
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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 ...

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...

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 ...

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
China's banks to pump billions into economy - but will it work? Telegraph.co.uk
BHP's takeover bid for Rio was killed by distrust The Australian
Daily Mail - WA Business News (subscription)
all 1,528 news articles
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BANKING SECTOR & FINANCIAL SYSTEM IN STRONGER POSITION TO FACE CHALLENGES (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Nov 28 (Bernama) -- Malaysia€(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)...

Head of Investment Banking | Jobs in Riyadh, Saudi Arabia by BMG .
With its recently awarded full investment banking license by the Capital Market Authority of Saudi Arabia (CMA), BMG has a much broader offerings base in which clients may take advantage of one stop 'shopping' availing greater ...

Deutsche Bank to keep investment bank business-CEO - guardian.co.uk

Deutsche Bank to keep investment bank business-CEO
guardian.co.uk, UK - 13 hours ago
FRANKFURT, Nov 29 (Reuters) - Deutsche Bank will keep its investment banking business and expects it to make "significant" contributions to earnings again, .
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Change for Banking Operations Across the World « The Concerned Citizen
America and the World need honesty about investment returns now and for the long-term future; this will enable investment banking to operate steadier with reliable returns. A secondary market for loan buying to securitize and sell ...

Success Of Pirates At Sea Offers Alternative To Investment Banking Jobs (The Tampa Tribune)
It's the conversation every parent dreads. Mom, Dad, you know how I've always been a little different from the other kids? Well, I think its time you knew the truth. I think I'm, um, an investment banker!..

BANKS CONTINUE TO EMPHASISE ON BRANCH AND INTERNET BANKING (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Nov 29 (Bernama) -- Commercial banks require both the traditional branch networks and internet banking channel to serve the different needs of customers...

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...

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

Carnegie appeals against licence decision - Reuters

Carnegie appeals against licence decision
Reuters - Nov 28, 2008
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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Carnegie Investment Bank AB: Carnegie Number 1 in Prospera Ranking - MarketWatch

Carnegie Investment Bank AB: Carnegie Number 1 in Prospera Ranking
MarketWatch - Nov 27, 2008
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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JP Morgan Cutting 3000 Investment Banking Jobs
JP Morgan Cutting 3000 Investment Banking Jobs - The Huffington Post...

Banking, financial system stronger (The New Straits Times)
KUALA LUMPUR: The banking sector and financial system are in a much stronger position to face challenges today compared with a decade ago, according to the Ma-laysian Investment Banking Association (Miba)...

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...

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...

Ireland Considers Bank Aid in EUR˜Certain Circumstances (Update2) - Bloomberg

Times Online

Ireland Considers Bank Aid in EUR˜Certain Circumstances (Update2)
Bloomberg - 14 hours ago
The Irish Association of Investment Managers, whose 12 members manage about 260 billion euros ($331 billion), said this week it had approached Lenihan on .
UPDATE 2-Irish govt to weigh bank involvement case by case Reuters
Lenihan has ‚¬4bn ready cash for bank fund Sunday Business Post
Lenihan discusses rescue plans with bank chiefs Irish Times
Reuters - Reuters
all 372 news articles
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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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Bank shame is averted by pushing kids into piracy - Seattle Post Intelligencer

Bank shame is averted by pushing kids into piracy
Seattle Post Intelligencer - Nov 28, 2008
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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