Top Investment Banking News for 12/10/2008



Korea Sovereign Fund Backs Merrill's Thain After Loss (Update2) - Bloomberg

Sify

Korea Sovereign Fund Backs Merrill's Thain After Loss (Update2)
Bloomberg - Dec 8, 2008
Thain will remain with the Charlotte, North Carolina-based bank after the takeover, overseeing corporate and investment banking and wealth management at the .
Merrill, BofA shareholders approve combination The Associated Press
Investment banks set to cut 30000 jobs Telegraph.co.uk
Stoic shareholders bless Bank of America-Merrill marriage FinanceAsia
Bizjournals.com - FinancialWeek (subscription)
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Investment banks need practical skills for next two years (Computer Weekly)
IT professionals with hands-on IT skills will be most indemand in the investment banking sector as the industry focuses on IT investments to maintain business and meet regulatory requirements...

Breakingviews.com Hard Bargaining at Tribune - New York Times

Canada.com

Breakingviews.com Hard Bargaining at Tribune
New York Times, United States - 10 hours ago
But the public clamor is not the primary reason banks should change their bonus policies. The real issue is that the business model of investment banking is .
Video: Bankruptcy For Tribune Co. CBS
Reports: Tribune girding for possible Chapter 11 Radio Business Report
Chicago's Tribune Company weighing bankruptcy option Earthtimes (press release)
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Lehman to Sell French Unit to Nomura for 1 Euro (Update2) - Bloomberg

Lehman to Sell French Unit to Nomura for 1 Euro (Update2)
Bloomberg - 18 hours ago
Banque Lehman Brothers SA, which focused on mergers and acquisitions, is being sold at a time when investment banks are in disarray. .
Price for Banque Lehman Brothers: One Euro New York Times Blogs
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BREAKINGVIEWS.COM The bottom line on Wall Street bonuses . - International Herald Tribune

ABC News

BREAKINGVIEWS.COM The bottom line on Wall Street bonuses .
International Herald Tribune, France - 22 hours ago
The real issue is that the business model of investment banking is undergoing a structural shift. Traditionally, bankers have taken home 50 percent of their .
Morgan Stanley CEO to Forgo Bonus Again Wall Street Journal
Cuomo Urges Merrill to Reject Bonus for Thain New York Times
Four at Four: Give This Rally a Bonus! Wall Street Journal Blogs
The Daily Deal (subscription) - RTT News
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Rahm Emanuel's Investment Banking Years: Money And Connections
Rahm Emanuel's Investment Banking Years: Money And Connections - The Huffington Post...

Scottrade Hires New Directors of Accounting, Banking Systems (Centre Daily Times)
Scottrade , a leading branch-supported online investment firm, has hired two new directors to its management team: Drew Dennison, Managing Director of Accounting, and Jan Richert, Director of Banking Systems...

If the Investment banking world is getting simpler, what impact on .
The investment banking world is getting simpler by virtue of there being fewer players and maybe getting simpler with less emphasis on the most complex and hard to understand derivatives. Credit Suisse not only announced a painful ...

Investment Banking Resumes: Holiday Resume Tips
It is not investment banking focused, but it contains very practical and useful tips in writing a resume, which every job seeker should benefit from. I have Jimmys permission to reprint his article here. Please enjoy reading. ...

Middle East investment banking revenues fall to new lows (eFinancial News)
The strategic importance of the Middle East to investment banks was undermined last month, with investment banking revenue sinking to a new low of just $4m (âEUR3.1m), following a dearth of debt capital market issuance and a slowdown in syndicated lending...

Central bankers in China, Korea and Japan to meet annually
Investment Banking News. Investment Banking Newss Evolution Securities expands Fixed Income unit. Savings & Investment News. Savings & Investment News Britons get serious about saving. Borrowing & Lending News ...

Future and Opportunity of Investment Banking | WallStreetOasis.com
I was hoping to go into the Investment Banking, PE, HF, etc. Many of my ex-Senior friends from last year and 2- years ago were swallowed up by various eager banks upon graduation. Their employers were mostly Citigroup, Bear Stears, ...

PhillyDeals: PhillyDeals: Whole network of lenders rescued Boscov's - Philadelphia Inquirer

PhillyDeals: PhillyDeals: Whole network of lenders rescued Boscov's
Philadelphia Inquirer, PA - 9 hours ago
. said J. Scott Victor, senior managing director at National City Investment Banking's Special Situations Group, in West Conshohocken, which represented .
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Two more area banks to accept federal aid - Buffalo News

Two more area banks to accept federal aid
Buffalo News,  United States - Dec 9, 2008
KeyBank plans to issue debt under the program, and has already hired its own investment banking division as well as Credit Suisse, Morgan Stanley & Co., .
US Treasury injects $165 bn capital to 88 fin institutions Economic Times
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Revenues at the worlds 12 largest investment banking operations plummeted by 90% in the third quarter to just under . (eFinancial News)
Revenues at the worlds 12 largest investment banking operations plummeted by 90% in the third quarter to just under $2bn (1.6bn), a fall from over $27bn a year ago, according to an industry consultant...

JP Morgan has swept the board in the Financial News investment banking awards, winning the top award for European . (eFinancial News)
JP Morgan has swept the board in the Financial News investment banking awards, winning the top award for European investment bank of the year while its co-chief executive Bill Winters won the individual award for banker of the year...

Losses May Not Mean End of Credit Suisse I-Banking, Chairman Says (New York Times)
Recent losses at Credit Suisse Group do not mean the end of investment banking at the Swiss group, its chairman was quoted as saying in an interview published on Saturday...

Azeroth Investment Banking | The WoW Economist
Posted on 2008 under Auction House, Azeroth Investment Banking, Enchanting |. 8 Dec. First off, I wanted to say hello to the new readers and thank John for giving me the opportunity to contributeto this project. ...

KBW trims forecasts on worsening markets; banks set to report next . - MarketWatch

Minyanville.com

KBW trims forecasts on worsening markets; banks set to report next .
MarketWatch - Dec 9, 2008
Indeed, Wall Street has undergone a seismic shift in recent months and investment banking has ground to a halt with debt markets essentially closed. .
What's next for Wall Street? MarketWatch
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Investment-banking revenue to stay down - Wall Street Journal

Investment-banking revenue to stay down
Wall Street Journal - 3 hours ago
By RENE SCHULTES and MATT TURNER | FINANCIAL NEWS HEADING INTO the final weeks of the year, investment banks face the paradox of being relatively well .
Slamming the euro door BusinessWorld Online
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Zambia: Country Still Attractive Investment Destination (AllAfrica.com)
GOVERNMENT has said that Zambia still remains attractive as an investment destination with a sound and adequately capitalised banking system despite the global financial and economic crisis...

Financial News: Goldman set to cut more than 200 London jobs - MarketWatch

Financial News: Goldman set to cut more than 200 London jobs
MarketWatch - 4 hours ago
The round of cuts, which comes amid a bleak outlook for the investment banking job market, is expected to fall across several divisions. .
Goldman to axe 200 staff in London-sources Reuters
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EMII
Morgan Joseph, a middle-market full service investment banking firm, is expanding its equity research department. The firm wants to move into the healthcare and China sectors and is actively looking to hire analysts for those areas and ...

Credit Suisse chairman sees continued future for investment banking
Walter Kielholz, the chairman of Credit Suisse, has said that the Swiss banks investment banking operations still have a future despite recent losses at the firm, according to a report in The New York Times...

D.A. Davidson & Co. Investment Banking Reports Record Year (Business Wire via Yahoo! Finance)
LAKE OSWEGO, Ore.----D.A. Davidson & Co., the largest full-service investment banking and brokerage firm headquartered in the Pacific Northwest, today announced record-breaking revenue and profitability in its Investment Banking Group for the fiscal year ended September 30, 2008...

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...

Iran, Kyrgyzstan call for expansion of banking cooperation (Islamic Republic News Agency)
Iran - Kyrgyzstan - Cooperation Visiting Kyrgyz Foreign Minister Ednan Karabaev conferred on Wednesday with Commerce Minister Masoud Mir Kazemi on expansion of banking cooperation as well as setting preferential tariffs between Tehran and Bishkek...

East Asia will not escape economic challenges
Next: NZ governor calls for all economic sectors to aid the recovery Visited 3 times, 3 so far today. Investment Banking News. Investment Banking Newss Evolution Securities expands Fixed Income unit. Savings & Investment News ...

Former Bear Stearns CEO Greenberg Says Investment Banks EURGone (Bloomberg)
Dec. 8 (Bloomberg) -- Alan EURAceEUR Greenberg , the former Bear Stearns Cos. chief executive officer who is approaching his 61st year on Wall Street, said the investment-banking model he helped pioneer is EURgone.EUR..

Capital Investment Companies Expands Banking Program - dBusinessNews Triangle (press release)

International Business Times

Capital Investment Companies Expands Banking Program
dBusinessNews Triangle (press release), NC - Dec 8, 2008
The firm offers a wide variety of financial services including: traditional investment brokerage, money management, investment banking, trust services, .
Independent Bank Corp. Receives Preliminary Approval for $78 . MarketWatch
List Of Cos Planning To Participate In US Govt's TARP CNNMoney.com
Va banking company gets OK for government funds Daily Press
SYS-CON Media - MarketWatch
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