Top Investment Banking News for 12/27/2008

In This Picturesque Village, the Rent Hasn't Been Raised Since 1520 - Wall Street Journal

In This Picturesque Village, the Rent Hasn't Been Raised Since 1520
Wall Street Journal - Dec 25, 2008
He also turned to investment banking and was wildly successful, securing the Vatican as a client and financing a trade expedition to India. .

Chinas Financial Industry Recruits Abroad - New York Times

New York Times

Chinas Financial Industry Recruits Abroad
New York Times, United States - Dec 25, 2008
Tom Leggett, 30, left his investment banking job at Lazard in New York in July, ahead of expected layoffs, and moved to Beijing to search for opportunities. .

The year of banking disastrously (The Herald)
It will be remembered as the year when boom turned to bust - and Scotland's hallowed banks turned to dust. As 2008 began, most pundits still believed there might be no recession, let alone a crisis of world capitalism...

Fees plunge as crisis strikes advisers - The Australian

Fees plunge as crisis strikes advisers
The Australian, Australia - Dec 26, 2008
Total investment banking fees nosedived from $2.57 billion as of December 17, 2007, to $1.8 billion in 2008, with fees from key revenue drivers, .
Goldman's Star Dims in Rankings for M&A Wall Street Journal
all 5 news articles

UCBH Holdings, Inc. and China Minsheng Banking Corp., Ltd. Complete Second Phase of Strategic Investment (Business Wire via Yahoo! Finance)
SAN FRANCISCO----UCBH Holdings, Inc. , the holding company of United Commercial Bank , today announced that it has completed the issuance of approximately 6.2 million new shares of its common stock to China Minsheng Banking Corp., Ltd. at a price of $4.85, representing the 90-day average UCBH closing price as of August 30, 2008, which is the second phase baseline date, plus a 5% premium...

Investment Banking 2008 Christmas Card by SP Blogger
and Latest Christmas carol for 2008!!!You'd better watch outYou'd better not cryYou'd better keep cashI'm telling you why:Recession is coming to town.It's hitting you once,It's hitting you twiceIt doe...

KBW Announces Changes to KBW Regional Banking Index (KRX), KBW Bank Index (BKX), and KBW Mortgage Finance Index (MFX) (Business Wire via Yahoo! Finance)
NEW YORK----Keefe, Bruyette & Woods, Inc., a full service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. , today announced upcoming changes to the KBW Bank Index , KBW Regional Banking Index , and KBW Mortgage Finance Index ...

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 .

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. ...

Natixis to axe 840 jobs in investment bank pullback - Reuters

AFP

Natixis to axe 840 jobs in investment bank pullback
Reuters - Dec 19, 2008
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 bank announces vehicle for purging 19bln euros of assets AFP
NATIXIS : The Supervisory Board of Natixis approved the plan for . MSNBC
French bank Natixis to cut 840 jobs Economic Times
Trading Markets (press release) - MarketWatch
all 104 news articles

Investment banking: our 2008 league table reveals how badly the sector was hit (Financial Times)
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Companies Sell $605 Million of Investment-Grade Bonds in U.S. (Bloomberg)
Dec. 26 (Bloomberg) -- Corporations sold $605 million of debt this week as investors took advantage of higher yields on investment-grade corporate bonds...

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 ...

Business Guide: Investment Banking 101
The primary idea that one should find out in investment banking 101 is the definition of what investment banking really is. To put it simply, an investment bank is actually a financial organization that underwrites for those government ...

Natixis to slash 85% jobs in Tokyo (Philippine Daily Inquirer)
PARIS, France -- French investment bank Natixis, severely hit by the global banking crisis, is to slash jobs at its Tokyo branch from around 100 to 15, a bank spokeswoman said Saturday...

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 on conservatives - Tulsa World

Banking on conservatives
Tulsa World, OK - 4 hours ago
Investment banks (such as the failed Lehman Brothers) take high risks for people who gamble on the stock market. After the repeal of Glass-Steagall, .

Banks under the cosh again (Guardian Unlimited)
Banks are under pressure at the moment, after more losses and analyst downgrades. France's biggest bank, BNP Paribas, unsettled the sector with news of an unexpected ‚¬710m loss at its CIB investment banking business. Part of this was due to its exposure to the alleged fraud perpetrated by Wall Street financier Bernard Madoff. The Paribas news follows yesterday's losses from Goldman Sachs. ...

Bank of America, Merrill Name Leaders at Merged Investment Bank - Bloomberg

Bank of America, Merrill Name Leaders at Merged Investment Bank
Bloomberg - Dec 23, 2008
The jobs were among several dozen positions included in the new leadership lineup of Bank of Americas global corporate, commercial and investment bank, .

St. Lawrence Energy Corp. Announces Funding Negotiations With Major Investment Banking Firm (Business Wire via Yahoo! Finance)
PALO ALTO, Calif.----St. Lawrence Energy Corp., a reusable energy and technology company, announced today that it is seeking funding through a major investment banking firm. This funding will be used to finance the operations and the R&D efforts with NASA. EURœIt is now exciting to see interest from the investment banking sector, as we accelerate our movement to become a fully operating company in ...

Hold your horses, Henry Paulson - The Star-Ledger - NJ.com

Hold your horses, Henry Paulson
The Star-Ledger - NJ.com, NJ - Dec 26, 2008
It's a lot to ask of any industry, but not too much to ask of those masters of the universe on Wall Street and the investment and banking community whose .

Marginal Revolution: The future of investment banking
Ok, I'll tell you the future of investment banking. I've said it before - and I suspect this won't be the last time I say it - the great investment banks will be reborn in about oh, 18-24 months time. ...

subprime mortgage lenders: Completely Information about .
Investment Banking : The Goldman Sachs Group, Inc · Investment Banking : Effect to Lehman Brothers fro. Investment Banking : Effect to Lehman Brothers fro. Investment Banking : Effect to Lehman Brothers fro. ...

" Core Investment Banking,Trading, Asset Management and Wealth .
Implications: 1.Writediwns are forcing large Institutions to raise New Capital to Offset Losses and extend a Lack of Willingness to extend Credit! 2.Banks are marking their Securities against an in...

Investment Banking Blues
Last week's issue of The Economist cites some sobering figures about the investment banking sector. Data from the Boston Consulting Group (BCG) and Thomson Reuters indicate that revenues were down by over 75% in the ...

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

UBS Further Slims Down Investment-Banking Arm - Wall Street Journal

UBS Further Slims Down Investment-Banking Arm
Wall Street Journal - Dec 22, 2008
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 further trims investment banking business Wealth Bulletin
UBS sells some commodities businesses to JP Morgan Reuters
JPMorgan buys UBS Canadian commodities unit Globe and Mail
WELT ONLINE - Financial Post
all 84 news articles

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...

Tamkeen - Shamil partnership fuels SME growth (AME Info)
A landmark initiative by Tamkeen (Labour Fund) and Shamil Bank, a leading Bahrain-based Islamic commercial and investment bank and a wholly-owned subsidiary of Ithmaar Bank, has provided more than BD9.3m in financing to 192 small and medium enterprises (SMEs) in Bahrain...

Highlights of '08: Which dead economist could say: I told you so? (eFinancial News)
The credit crunch has played havoc with the financial system and caused markets to plunge to multi-year lows. It has resulted in an upheaval in investment banking, asset management and private equity. Its full consequences have yet to be felt. Global recession awaits. The world teeters on the brink of catastrophe...

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