Top Investment Banking News for 12/22/2008

Thain Failure to Rescue Merrill Shareholders Messes Mr. Fixit - Bloomberg

Thain Failure to Rescue Merrill Shareholders Messes Mr. Fixit
Bloomberg - 4 hours ago
He plans to stay at the combined firm as president of investment banking, trading and brokerage, reporting to Bank of America CEO Kenneth D. Lewis, 61. .

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

Bonuses for Currency Traders Decline 15%, Least on Wall Street - Bloomberg

Bonuses for Currency Traders Decline 15%, Least on Wall Street
Bloomberg - 2 hours ago
Investment banking fees fell as takeovers shrank 36 percent from 2007. Fees for advising on mergers and acquisitions dropped 34 percent to an estimated $63 .

Online Recruitment - Graduate investment banking career .
Graduate investment banking career expectations set for rude awakening - Online Recruitment with Onrec.com...

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 .
Bank of America names Merrill CFO to head Asia Reuters
Bob Wigley Leaves Merrill Lynch Ahead of BofA Deal Wall Street Journal Blogs
Merrill's CFO will stay on with BofA CharlotteObserver.com
Euro Week - Bloomberg
all 62 news articles

RGE - Vast Under-Investment in Due Diligence
Usually, there are 3 separate divisions that do so: Asset Management, Investment Banking, and Institutional Trading. Due to compliance rules (Chinese Walls, Spitzer rules, etc.) each does a very different form of research. ...

Irish government primed for ‚¬5bn bank bail out
Investment Banking News. Investment Banking Newss · Goldman Sachs posts $2.12bn fourth-quarter loss. Savings & Investment News. Savings & Investment News · A&L research reveals mixed response to saving. Borrowing & Lending News ...

BNP Paribas shares drop on investment bank loss - Reuters

Javno.hr

BNP Paribas shares drop on investment bank loss
Reuters - Dec 17, 2008
PA: Quote, Profile, Research, Stock Buzz) shares slumped on Wednesday after France's biggest bank by market capitalisation said its investment bank unit had .
BNP Paribas shares plunge as bank reveals losses The Associated Press
BNP Paribas' Corporate And Investment Banking Division Releases Losses GlobalCustodian.com (subscription)
BNP Warns of Big Loss, Staff Cuts Wall Street Journal
India Infoline.com - Reuters
all 249 news articles

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...

Singapore - Investment Banking Lead - JobsDB.com
The Company's main objective is to create a media where our Job Seeker Members can advertise their availabilities in the market while our Corporate Members can make use of the powerful Search Engine to directly identify suitable ...

Wachovia I-Bank Cuts Bonuses 90% - TheStreet.com

Wachovia I-Bank Cuts Bonuses 90%
TheStreet.com - Dec 19, 2008
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

Shinsei CEO Says Balance-Sheet Cleanup May Cause Loss - Bloomberg

Shinsei CEO Says Balance-Sheet Cleanup May Cause Loss
Bloomberg - 3 minutes ago
EURœThe bank took too much risk in investment banking, and Yashiro has said hell focus on relations with customers,EUR said Keisuke Moriyama, an analyst at .

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

RBS Said to Cut 70 Asia-Pacific Investment Bank Jobs
Bloomberg - Dec 19, 2008
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 .

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
Risky assets for bonuses Straits Times
Credit Suisse to Use Illiquid Instruments to Pay Bonuses Wall Street Journal Blogs
Times Online - Trading Markets (press release)
all 167 news articles

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 ...

FEATURES MAIN - Barron's

FEATURES MAIN
Barron's - 1 hour ago
The highly leveraged investment-banking model that American banks long championed is dead, in his view. Watanabe further notes that the new bank-holding .

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...

Directors of Investment Banking & Financing - jobs from exec .
Directors of Investment Banking & Financing - Worldwide - Outstanding Compensation...

Bank Jobs in India: Wipro BPO requires for Investment Banking
Website about listing all Bank Jobs in Public sector Bank, Private Bank, Multinational Bank, Cooperative bank, Sahkari Bank, Gramin Bank...

Investment banking analyst programs wither - FierceFinance
An investment banking analyst program has been a rite of passage for so long, for so many--akin to a rookie year in the NBA, for example. It is the stuff of heavy nostalgia, Mergers and Acquisitions. Read more...

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