Top Investment Banking News for 12/23/2008



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. ...

Malaysia: Opportunities Still There For Merger & Acquisition Activities (Sin Chew Jit Poh)
KUALA LUMPUR, MALAYSIA: There are still opportunities for merger and acquisition (M&A) activities, especially in the banking sector and overseas markets, although investment sentiment is expected to be subdued during the tough economic environment...

Venture Intelligence Blog - Tracking Investments and Business .
The handbook is as an authoritative and comprehensive guide for both entrepreneurs and Private Equity / Venture Capital firms to choose Investment Banking Partners. The directory section consists of an alphabetical ...

Wells-Wachovia changes take shape - CharlotteObserver.com

CharlotteObserver.com

Wells-Wachovia changes take shape
CharlotteObserver.com, NC - 2 hours ago
Investment banking, risk management and other problems: Wachovia suffered big writedowns in its corporate and investment bank starting in 2007, .
Decline of Wachovia weighs on Triad Winston-Salem Journal
Wells-Wachovia changes take shape CharlotteObserver.com
all 9 news articles
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Gulf Stocks Drop as Kuwaits Global Investment Negotiates Debt (Bloomberg)
Dec. 22 (Bloomberg) -- Persian Gulf shares declined, as Global Investment House KSCC hired HSBC Holdings Plc to renegotiate debt that totals $3 billion, triggering concern the regions banks are struggling to repay loans...

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...

Juniper Announces That It Has Secured Financing from Investment . - MarketWatch

Juniper Announces That It Has Secured Financing from Investment .
MarketWatch - Dec 15, 2008
GREAT NECK, NY, Dec 15, 2008 (BUSINESS WIRE) -- Juniper Group, Inc. (JNIP), announced that it has secured ongoing funding from its Investment Banking firm .
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First Cuts Deepest in Banking Job Sector (St. Petersburg Times)
The banking sector was the first in the Russian economy to start firing people as a result of its descent into crisis, experts said. But with the right approach, they added, there is no reason why staff reductions should be irrevocable or harmful to the sector in the long term...

UBS Further Slims Down Investment-Banking Arm - Wall Street .
AFPUBS Further Slims Down Investment-Banking ArmWall Street Journal - 24 minutes agoBy KATHARINA BART and ANITA GREIL ZURICH -- UBS AG said Monday it is selling its Canadian commodities, energy and global agricultural arms to US-based ...

Banking trade union welcomes capital injection (Irish Examiner)
THE main trade union for Irish banking employees, the Irish Bank Officials Association (IBOA), has welcomed the Governments capital injection into the countrys leading banks...

Bonuses of Currency Traders Fall Least on Wall Street - Bloomberg

Bonuses of Currency Traders Fall Least on Wall Street
Bloomberg - 13 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 .
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Resort enclave Andorra opens itself up for investment (Los Angeles Times)
With tourist revenue drying up, the mountain principality between France and Spain that's long been known as a tax haven is now encouraging foreign investment to get it out of a budget deficit. For six decades, Andorra prospered by catering to skiers, smokers and wealthy people trying to avoid taxes. With those revenues drying up, the mountain principality between France and Spain is now ...

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

The Japan Times

Shinsei CEO Says Balance-Sheet Cleanup May Cause Loss
Bloomberg - Dec 21, 2008
EURThe 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 .
Shinsei CEO Warns Bank May Post a Net Loss Wall Street Journal
all 5 news articles
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UBS Further Slims Down Investment-Banking Arm - Wall Street Journal

UBS Further Slims Down Investment-Banking Arm
Wall Street Journal - 20 hours ago
UBS will now only run a precious metals and exchange-traded commodities arm, part of a dramatic reduction of investment banking under unit head Jerker .
UBS sells some commodities businesses to JP Morgan Reuters
JPMorgan buys UBS Canadian commodities unit Globe and Mail
Jpmorgan Buys Ubs Energy Division Financial Post
WELT ONLINE - Financial Times
all 65 news articles
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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...

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...

Banking giants hit by M&A collapse (Independent)
Investment bankers working on mergers and acquisitions, must be hoping the restructurings and forced disposals anticipated next year come on tap soon after a one-third fall in M&A in 2008...

Dollar May Extend Drop Versus Euro Before US Housing Reports - Bloomberg

Dollar May Extend Drop Versus Euro Before US Housing Reports
Bloomberg - 10 hours ago
EURFor most of next year, we look for dollar weakness,EUR said Mitul Kotecha, head of global currency strategy in Hong Kong at Calyon, the investment-banking .
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bangaloreinc - India investment banking handbook and directory 2008
Ventureintelligence has just released the comprehensive listing of Indian investment banking players in their updated version of Investment banking handbook and directory 2008. It can be freely downloaded here, ...

Coutts faces wrath of AIG fund investors
Investment Banking News. Investment Banking Newss Goldman Sachs posts $2.12bn fourth-quarter loss. Savings & Investment News. Savings & Investment News Coutts faces wrath of AIG fund investors. Borrowing & Lending News ...

Egyptian Saudi Finance Bank Chooses Misys for Islamic Banking (BankTech)
Leading Islamic solution to drive innovation in banking. Cairo-based Egyptian Saudi Finance Bank (ESFB) has chosen the Equation 3.9 solution from Misys (London) for its 11 branches across Egypt...

Belgian government's resignation puts BNP-Fortis deal in doubt - International Herald Tribune

Belgian government's resignation puts BNP-Fortis deal in doubt
International Herald Tribune, France - 13 hours ago
A few days later, it said its corporate and investment banking division had generated a loss of 710 million for the first 11 months of 2008. .
BNP Paribas weaker as CEO seeks to reassure Reuters
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Westpac Banking Corporation (NYSE:WBK) - St. George merger to .
The Group is not nor has been nor will be engaged in investment banking and does not make markets in any of the securities covered in this report or have any investment banking relationship with the firm whose security is covered in ...

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

CIT to Convert Into Bank Holding Company - Wall Street Journal

RTT News

CIT to Convert Into Bank Holding Company
Wall Street Journal - 11 hours ago
Investment banking giants Morgan Stanley and Goldman Sachs Group Inc., meanwhile, became bank holding companies back in September. .
CIT Wins Approval to Become Bank in Quest for Funds Bloomberg
CIT Group Gets Federal Reserve Approval To Become Bank Holding Company Trading Markets (press release)
Fed designates CIT Group as bank holding company USA Today
all 199 news articles
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KENANGA RECOMMENDS "BUY" ON AMMB HOLDINGS (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Dec 23 (Bernama) -- Kenanga Research has recommended a "buy" call on AMMB Holdings Bhd with a RM2.90 target price due to its investment banking business turnaround and lucrative dividend payout...

Sunday banking is first for NI (BBC News)
The bank HSBC is opening a branch in Belfast and plans to offer customers Sunday banking services...

Current State of IB | WallStreetOasis.com
Can anyone estimate the percentage of loss that occured within the entire US investment banking industry during this year, 2008? I'm talking about the industry itself. How much did it shrink as a result of the credit debacle?..

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
Trading Markets (press release) - Times Online
all 167 news articles
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Thain Failure to Rescue Merrill Shareholders Messes Mr. Fixit - Bloomberg

Cityfile

Thain Failure to Rescue Merrill Shareholders Messes Mr. Fixit
Bloomberg - 19 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. .
Posted by Heidi N. Moore Wall Street Journal Blogs
all 11 news articles
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