Top Investment Banking News for 12/20/2008



Natixis to Scale Back Investment Bank in Asia, U.S. (Update1) (Bloomberg)
Dec. 19 (Bloomberg) -- Natixis SA , the worst performing French banking stock this year, plans a EURmajor reductionEUR to its investment banking operations in the U.S. and Asia following losses tied to the global financial crisis...

RBS Said to Cut 70 Asia-Pacific Investment Bank Jobs - Bloomberg

RBS Said to Cut 70 Asia-Pacific Investment Bank Jobs
Bloomberg - 19 hours ago
19 (Bloomberg) -- Royal Bank of Scotland Group Plc, 58 percent owned by the UK government after a bailout, cut more than a third of Asia investment-banking .
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Marginal Revolution: The future of investment banking
"Investment management" is not equivalent to "investment banking." You are conflating two different business models, like real estate investing and real estate brokerage. That being said, viewing the Donnie Brasco clip in the context of ...

Citigroup to combine investment and corporate banking businesses (Banking Business Review)
Citigroup plans to combine its corporate and investment banking businesses, to cut costs and streamline its business after it was hit by nearly $50 billion of credit losses and received rescue financing from the US government, reported the Financial Times...

Information Arbitrage: Citi to Integrate Corporate and Investment .
Citi to Integrate Corporate and Investment Banking - 10 Years Too Late. Citigroup is creating a unified global banking group? This is almost a joke - talk about anti-climactic and too little/too late. I wrote about this very issue two ...

Citi to Integrate Corporate and Investment Banking - 10 Years Too Late
Dec 18, 2008 09:54 AM; Citi to Integrate Corporate and Investment Banking - 10 Years Too Late Dec 18, 2008 09:36 AM; Citigroup to Combine Investment and Corporate Banking Businesses Dec 18, 2008 05:57 AM; Motorola Cuts into Benefits: ...

Banking Natixis slims down 19/12 19:47 CET (Euronews)
French bank Natixis is to lay off 840 people as it scales back its investment banking activities. Natixis plans to halt most of its capital markets activities in Asia and equity derivatives trading in the United States...

Merrill is losing a top banker based in Europe - Wall Street Journal

Telegraph.co.uk

Merrill is losing a top banker based in Europe
Wall Street Journal - Dec 18, 2008
In 2000 he was made co-head of corporate broking and a year later became co-head of UK investment banking. Two years later, having been promoted to global .
Bob Wigley Leaves Merrill Lynch Ahead of BofA Deal Wall Street Journal Blogs
Bank of America names Merrill CFO to head Asia Reuters
Merrill's CFO will stay on with BofA CharlotteObserver.com
Bloomberg - Euro Week
all 70 news articles
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Wachovia I-Bank Slashes Bonuses 90% - TheStreet.com

The Money Times

Wachovia I-Bank Slashes Bonuses 90%
TheStreet.com - Dec 18, 2008
The estimated 4600 employees from Wachovia's (WB Quote - Cramer on WB - Stock Picks) investment banking division will see bonuses cut 90% this year, .
Wachovia Seen as a Backdoor to Wells Fargo Investerms.com
Two Banking Models Emerge Post-Meltdown BNET
Wells Fargo veteran will head Charlotte-based group CharlotteObserver.com
all 148 news articles
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Wachovia I-Bank Cuts Bonuses 90% - TheStreet.com

Wachovia I-Bank Cuts Bonuses 90%
TheStreet.com - 10 hours ago
The estimated 4600 employees from Wachovia's (WB Quote - Cramer on WB - Stock Picks) investment banking division will see bonuses cut at least 90% this year .
Wachovia Reported to Cut Bonuses by 90% or More New York Times Blogs
all 3 news articles
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Investment Banking Jobs - Trades & Tombstones Blog Archive .
Finding the best Investment Banking Jobs can be difficult and time consuming. Investment Banking Job Digest has done the hard work for you - giving you a competitive advantage in the job market. ...

The field of investment banking
In the front office is investment banking home describing their key purpose for existence which is helping companies obtain funding in the capital markets, consultative roles on mergers and acquisition. Investment banking may engage in ...

BNP Paribas shares slump as investment banking arm posts loss (Market Watch)
Shares in French banking giant BNP Paribas drop almost 13% Wednesday after the group warns its investment banking arm has posted a loss for the first 11 months of the year and says it could shed around 800 workers in the division...

Citigroup to merge corporate, investment banking:source (Reuters via Yahoo! News)
Citigroup is combining its corporate and investment banking businesses, in a bid to streamline and cut costs, a person briefed in the matter said on Tuesday...

RBS Said to Cut 70 Asia-Pacific Investment Bank Jobs (Update2) (Bloomberg)
Dec. 19 (Bloomberg) -- Royal Bank of Scotland Group Plc , 58 percent owned by the U.K. government after a bailout, cut more than a third of Asia investment-banking jobs, including that of one of its most senior executives in the region, two people familiar with the matter said...

Penny Stocks Investing: Overview of Traditional Investment Banking .
Overview of Traditional Investment Banking Division Groups . An overview of the different groups in a traditional investment bank including industry, product, and capital markets groups.Stock market news by unknown ...

Goldman Sachs Reports 1st-Ever Loss As Public Co - CNNMoney.com

Reuters

Goldman Sachs Reports 1st-Ever Loss As Public Co
CNNMoney.com - Dec 16, 2008
Meanwhile, revenue in Goldman's investment-banking business declined 48%, as the financial crisis and recession put the brakes on companies' plans to go .
The Credit Crisis Claims Goldman Sachs as an Earnings Victim InsideARM
Goldman Sachs Q4 Earnings Call Transcript 123Jump.com
Credit crunch catches up with Goldman Sachs guardian.co.uk
Independent - CNNMoney.com
all 973 news articles
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Citigroup to merge corporate, investment banking-source - Reuters

Reuters

Citigroup to merge corporate, investment banking-source
Reuters - Dec 17, 2008
In 2004, a global banking group was created, although client coverage for corporate and investment banking remained separate. For many of its clients over .
Citigroup to combine investment and corporate banking businesses Banking Business Review
Citigroup to merge investment, corporate banking operations . RTT News
Citi to Merge Two Divisions: Reports TheStreet.com
InvestmentNews - The Daily Deal (subscription)
all 55 news articles
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RBS Said to Cut 70 Asia-Pacific Investment Bank Jobs (Update1) (Bloomberg)
Dec. 19 (Bloomberg) -- Royal Bank of Scotland Group Plc , 58 percent-owned by the U.K. government after a bailout, this week cut more than a third of Asia investment banking jobs including the head of corporate finance, two people familiar with the matter said...

French bank Natixis to cut investment banking staff by 15 percent, or 840 jobs (Minneapolis-St. Paul Star Tribune)
PARIS - Natixis SA, France's fourth largest investment bank, said Friday it plans to cut 15 percent of its investment banking staff in what it called a 'radical' transformation aimed at stemming losses and reducing risk...

Citi to merge investment, corporate banking ops (Express India)
Battered financial services entity Citigroup is all set to merge the company's investment and corporate banking operations, as part of efforts to streamline and break barriers between its businesses...

Citi to Integrate Corporate and Investment Banking - 10 Years Too Late
Citigroup (C) is creating a unified global banking group? This is almost a joke - talk about anti-climactic and too little/too late. I wrote about this very...

M & F Bank approves Treasury funds to increase flow of credit - Memphis Business Journal

M & F Bank approves Treasury funds to increase flow of credit
Memphis Business Journal, TN - 12 hours ago
The program provides a federal investment in the bank of up to 3% of risk-based assets in the form of preferred stock with common stock warrants of 15% of .
Cadence Financial Corporation Shareholders Approve Amendment to . MarketWatch
First M&F obtains approval to participate in US Treasury CPP Banking Business Review
FFW Corporation Completed US Treasury Investment Under Capital . International Business Times
all 28 news articles
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Credit Suisse slashes Japan investment banking-source - Reuters

BBC News

Credit Suisse slashes Japan investment banking-source
Reuters - Dec 17, 2008
TOKYO, Dec 16 (Reuters) - Swiss bank Credit Suisse (CSGN.VX: Quote, Profile, Research) has cut its Japan investment banking workforce by more than half and .
A Troubled Asset Becomes a Year-End Bonus New York Times
Credit Suisse to Use Illiquid Instruments to Pay Bonuses Wall Street Journal Blogs
Credit Suisse bankers to share pain of illiquid assets Times Online
CNNMoney.com - BBC News
all 161 news articles
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Citigroup to Merge Corporate, Investment Banking - Financials * US .
Citigroup is combining its corporate and investment banking businesses, in a bid to streamline and cut costs, a person briefed in the matter said on Tuesday...

The Race to the Bottom - Securities Issues - The Inevitable .
See The "Great Fall": The Consequences of Repealing the Glass-Steagall Act. As those following the markets already know, the current financial turmoil has resulted in the disappearance of a separate class of large investment banking ...

Natixis to axe 840 jobs in investment bank pullback - Reuters

AFP

Natixis to axe 840 jobs in investment bank pullback
Reuters - 17 hours ago
PA: Quote, Profile, Research) said it is scaling back its investment banking activities, shedding 840 jobs as it cuts its exposure to risk by withdrawing .
Natixis to Cut Staff, Streamline Activities Wall Street Journal
French bank Natixis to cut 840 jobs The Associated Press
Natixis bank announces vehicle for purging 19bln euros of assets AFP
MSNBC - Trading Markets (press release)
all 103 news articles
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BNP Paribas Shares Slide After Investment Banking Loss (Fox News)
BNP Paribas Shares Slide After Investment Banking Loss..

Citi to combine commercial and investment banking - FierceFinance
There was a day, long ago when anti-trust regulators thought it wise to separate investment banking from commercial banking. But in the modern era, the idea seems quaint. According to media reports,. Read more...

BNP Paribas shares plunge as bank reveals losses - The Associated Press

Javno.hr

BNP Paribas shares plunge as bank reveals losses
The Associated Press - Dec 17, 2008
PARIS (AP) EUR Shares of BNP Paribas plunged Wednesday after the French bank said extreme market volatility triggered steep losses in its investment banking .
BNP Warns of Big Loss, Staff Cuts Wall Street Journal
BNP says CIB in loss, could cut 5 pct of staff Reuters
BNP Paribas Drops After Loss at Its Investment Bank Bloomberg
India Infoline.com - Reuters
all 231 news articles
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