Top Investment Banking News for 12/04/2008



Investment-Banking Role May Shrink, CIBCs Nesbitt Says - Bloomberg

Investment-Banking Role May Shrink, CIBCs Nesbitt Says
Bloomberg - 12 hours ago
3 (Bloomberg) -- Investment banking will play a smaller role for large financial firms as turmoil in the capital markets erodes business, .
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BofA to Cut 10000 Investment Banking Jobs - Stock Market * US .
Bank of America can be expected to cut at least 10000 investment banking jobs as it moves to absorb Merrill Lynch, sources have told CNBC...

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...

3 Reasons Why Your Investment Banking Cover Letter is Making You .
3 mistakes to avoid when writing an investment banking cover letter, and how to structure it properly...

Merrill Said to Cut Bonuses by 50% as Revenue Slumps (Update2) - Bloomberg

Reuters

Merrill Said to Cut Bonuses by 50% as Revenue Slumps (Update2)
Bloomberg - 17 hours ago
Hit with mortgage-bond writedowns and plunging investment- banking fees, Merrill may report a loss this year of $13.3 billion, based on the average estimate .
Merrill Lynch may cut year-end bonuses by 50% as revenue falls . RTT News
US Banks Lag Europe in Executive-Bonus Cuts FOXBusiness
Lewis: BofA is in 'final stage' of preparing job cuts CharlotteObserver.com
Financial News (subscription) - Reuters
all 97 news articles
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Credit Suisse to axe 650 investment banking jobs (Money Marketing Online)
Credit Suisse has announced plans to cut 650 jobs from its investment banking division in the UK as it looks to stave off the effects of the credit crunch. ...

Nomura ready to start banking in Saudi Arabia (Financial Times)
Nomura has completed the integration of Lehman Brothers' Middle East operations into its regional business and will soon start investment banking activities in Saudi Arabia, the company said yesterday...

(AFX UK Focus) 2008-12-02 07:35 UPDATE 1-Credit Suisse to cut 650 investment banking jobs (Interactive Investor)
ZURICH, Dec 2 (Reuters) - Credit Suisse AG is cutting 650 jobs, mainly in investment banking, it said on Tuesday. A spokesman for the Swiss-based bank said an announcement on the cuts had been made to its staff on Monday but declined to give any further details. The cuts are the latest in a wave of job losses in the financial sector in which around 90,000 jobs have been axed since September. The ...

Citigroup Says "Core" Brokerage and Investment Bank Japanese Units Not for Sale (Wall Street and Technology)
Citigroup Inc said it has no plans to sell its brokerage and investment banking units in Japan, responding to speculation they could be unloaded as part of a global asset sale by the struggling U.S. bank...

Carnegie Investment Bank AB: Carnegie Transfers Property Operations - WELT ONLINE

Carnegie Investment Bank AB: Carnegie Transfers Property Operations
WELT ONLINE, Germany - 15 hours ago
As part of its work on focusing on core operations within the four business areas, Carnegie Investment Bank AB (STO:CAR) will transfer responsibility for .
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I-Banking from Asset Management | WallStreetOasis.com
Your Very Own Bailout · Audit to Top 10 MBA to Investment banking · I-Banking from Asset Management · I-Banking from Asset Management · Goldman Leaks Losses? Where should I get a job? Forecasting current portion LTD and DTL ...

Investment-Banking Role May Shrink, CIBCs Nesbitt Says (Bloomberg)
Dec. 3 (Bloomberg) -- Investment banking will play a smaller role for large financial firms as turmoil in the capital markets erodes business, CIBC World Markets top banker said...

JPMorgan Trumps Goldman in Banking Customer Survey (Update1) (Bloomberg)
Dec. 3 (Bloomberg) -- JPMorgan Chase & Co. , the largest U.S. bank by assets, won the highest ranking in nine U.S. capital- market and investment-banking categories, besting Goldman Sachs Group Inc.'s six, a Greenwich Associates survey of clients found...

More Investment Banking Jobs To Go :: Business News :: Here Is The .
More Investment Banking Jobs To Go. Business News. Reuters reports that Credit Suisse is to axe another 650 jobs in its investment banking unit across the UK. Prop traders and support staff are thought likely to be among the casualties...

Ahead of the Bell: Investment Banks - Forbes

CNBC

Ahead of the Bell: Investment Banks
Forbes, NY - 19 hours ago
. and Morgan Stanley changed their status to bank holding companies as investors worried the stand-alone investment banking model was no longer viable. .
News Analysis: End of era on Wall Street Xinhua
Goldman may post net loss of $2 bln in Q4: WSJ RTT News
Bank layoffs: JP Morgan, Goldman Sachs, Standard Chartered and more The Daily Deal (subscription)
Yahoo
all 33 news articles
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Harris Appoints Christopher McComish Executive Vice-President . - MarketWatch

Crain's Chicago Business

Harris Appoints Christopher McComish Executive Vice-President .
MarketWatch - 12 hours ago
The organization is a member of the BMO Financial Group (CA:BMO: news, chart, profile) , which also provides corporate and investment banking services in .
Harris Appoints Christopher McComish Executive Vice-President . International Business Times
all 15 news articles
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Macquarie Group Fires 100 Investment Bankers, Australian Says (Bloomberg)
Dec. 4 (Bloomberg) -- Macquarie Group Ltd. , Australias biggest investment bank, fired about 100 investment bankers and advisers today as deal flow slows, the Australian newspaper reported, without saying where it got the information...

Oh Well: A Commentary on News and Politics: Bank of America to cut .
Update: I guess BofA wants to cut up to 30000 jobs, rather than the original 10000 as reported. And, of course, the majority of the cuts will still come from Merrill Lynch's side of the investment banking operations. ...

In Banking, Top Obama Aide Made Money and Connections - New York Times

In Banking, Top Obama Aide Made Money and Connections
New York Times, United States - 3 hours ago
John Simpson, who ran the Chicago office of the investment banking boutique Wasserstein Perella & Company, had flown to Washington to meet with Mr. Emanuel .
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Analysts see Goldman posting a steep 4Q loss - BusinessWeek

Sify

Analysts see Goldman posting a steep 4Q loss
BusinessWeek - Dec 2, 2008
The change, which was also made by competitor Morgan Stanley, was precipitated by concern among investors that the stand-alone investment bank model would .
Goldman Sachs Reportedly Mulls Launching Internet Bank Unit - Update RTT News
Goldman Cant Outsmart the Markets Anymore Wall Street Journal Blogs
Goldman Faces Loss of $2 Billion for Quarter Wall Street Journal
BloggingStocks - Trading Markets (press release)
all 162 news articles
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Citigroup reportedly fires Asian real estate investment banking . - RTT News

Sify

Citigroup reportedly fires Asian real estate investment banking .
RTT News, NY - Dec 2, 2008
(RTTNews) - Citigroup Inc. (C: News ) fired most employees at its real estate investment banking team in Asia after slumping property prices muted share .
Citigroup says 'core' Japan units not for sale guardian.co.uk
UPDATE 1-Citigroup to sell Japan NikkoCiti trust unit-media Reuters
Citigroup to sell Japanese clearing house to raise funds Times Online
istockAnalyst.com (press release) - AHN
all 239 news articles
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Goldman Mulls Internet Banking Operation, Report Says (New York Times)
Goldman Sachs is considering launching an Internet banking operation, The Wall Street Journal reported, citing people familiar with the situation...

Enable Holdings, Inc. Retains Investment Banking Firm (PR Newswire via Yahoo! Finance)
Enable Holdings, Inc. , the leading asset recovery solutions company for the world's most trusted brands, today announced it has retained investment banking firm Gilford Securities Incorporated...

JPMorgan Trumps Goldman in Banking Customer Survey (Update1) - Bloomberg

JPMorgan Trumps Goldman in Banking Customer Survey (Update1)
Bloomberg - 13 hours ago
The landscape for investment banking shifted this year with the conversion of Goldman and Morgan Stanley to bank holding companies and the collapse of Bear .
JP Morgan tops rivals in services survey Financial News (subscription)
Goldman Sachs to Sell EU1.5 Billion Guaranteed Bonds (Update3) Bloomberg
all 10 news articles
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Credit Suisse to cut 650 investment banking jobs (Reuters via Yahoo! News)
Credit Suisse AG is cutting 650 jobs, mainly in investment banking, it said on Tuesday...

Credit Suisse to cut 650 investment banking jobs in UK | Mail Online
Toubled Swiss banking giant Credit Suisse will cut 650 jobs from its UK workforce, the investment bank confirmed on Tuesday...

implode-explode.com - Implosion News Pick-ups: BofA to Cut 10000 .
BofA to Cut 10000 Investment Banking Jobs. (cnbc.com). Search IEHI news archive:. Enter your search terms. Web, IEHI. Submit search form. 2008-12-02. "The move comes amid very tough times for the banking sector. ...

Credit Suisse made 1.7 billion pound net loss | Latest Business .
ZURICH (Reuters) - Swiss bank Credit Suisse said on Thursday it had a net loss of about 3 billion Swiss franc (1.7 billion pounds) at the end of November and it was shedding another 5300 jobs, mainly in investment banking...

Enable Holdings, Inc. Retains Investment Banking Firm - MarketWatch

Enable Holdings, Inc. Retains Investment Banking Firm
MarketWatch - 14 hours ago
the leading asset recovery solutions company for the world's most trusted brands, today announced it has retained investment banking firm Gilford Securities .
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Citi axes Asia property investment banking team « Lushhomemedia
Citigroup fired most employees at its real estate investment banking team in Asia after slumping property prices stifled share sales and acquisitions in the industry, three people familiar with the matter told Bloomberg News. ...



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