THE AUSTRALIAN
Morgan profit growth bucks trend
MORGAN Stanley's Australian investment banking business has broken the trend of declining profits across the local industry.
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Reuters
FINRA panel orders Advanced Equities to pay $4.5 mln
NEW YORK, May 21 (Reuters) - A Financial Industry Regulatory
Authority arbitration panel ordered investment banking boutique
Advanced Equities Inc to pay $4.5 million in damages and other
costs...
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Telegraph
RBS boss: customers will have to pay for ring-fencing
The Royal Bank of Scotland has admitted that "expensive" plans to ring-fence its retail operations from the more risky investment banking arm will see the bank pass on costs to business and household customers.
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New York Times
DealBook: Morgan Stanley, Where Money and Tech Meet
The company, led by its technology investment banking chief, Michael Grimes, has shepherded 28 technology initial public offerings in the past year.
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Reuters
Investment bank, cost cuts help HSBC top forecasts
LONDON (Reuters) - HSBC beat expectations with an underlying first-quarter profit of $6.8 billion as Europe's biggest bank saw a rebound in investment banking, growth in Asia and a fall in U.S. bad debts.
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WSJ
HSBC Boosted by Investment Bank, Emerging Markets
HSBC said that its investment banking division and emerging-market operations helped boost underlying profit in the first quarter, although net profit fell due to an accounting charge.
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Irish Times
HSBC beats Q1 expectations
HSBC, Europe's biggest bank, beat expectations with an underlying profit of almost $7 billion (€4.9 billion) in the first quarter thanks to a rebound in investment banking income and a fall in US bad debts.
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Reuters
HSBC profit up on strong investment bank, cost cuts
LONDON (Reuters) - HSBC, Europe's biggest bank, beat expectations with an underlying profit of almost $7 billion in the first quarter thanks to a rebound in investment banking income and a fall in U.S. bad debts.
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FT
Gloomy outlook for new wave of rainmakers
Clampdowns on pay and tougher disclosure rules diminish the appeal of investment banking and foster disillusionment as the flow of M&A deals slows to a trickle
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THE GLOBE AND MAIL
BMO opens representative office in UAE
Office in Abu Dhabi to oversee investment banking and asset management services for clients
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Daily Mail
Plans to split retail banking and investment banking to be formally unveiled in Queen's Speech
The Government will use the monarch’s annual address to reveal its plans to implement recommendations made by Sir John Vickers’s Independent Commission on Banking.
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AP
Societe Generale profit down on investment banking
PARIS (AP) -- French bank Societe Generale says its earnings dropped sharply in the first quarter as it took losses dumping complex structured financial products in its ongoing bid to meet new international banking capital requirements....
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Barrons
Dow Touches Four-Year High on Factory Strength
Strong manufacturing numbers helped quiet investors’ concerns about a slowdown in the domestic economy and boosted the Dow to its highest level since Dec. 31, 2007 in intraday trading. The Dow eclipsed its previous high of 13,301 from April 2, and traded as high as 13,339. The index has cooled a bit and was more [...]
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WSJ
Macquarie's Investment Banking Headache
Traditional investment banking isn't Macquarie Group's strength these days.
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FT
Barclays / Deutsche Bank
First-quarter results from investment banking arms show they are faring better than regional peers – or, at least, not as badly, for now
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THE GLOBE AND MAIL
Euro zone woes keep Europe's banks wary
Losses on Spanish property, fagile markets cast shadow over year despite early investment banking rebound
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BBC
Deutsche Bank hit by euro crisis
Deutsche Bank reports a sharp fall in profits, in part due to weaker performance in investment banking during the eurozone debt crisis.
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BnAmericas
Banking - Regional - Credicorp expands in investment banking, acquires controlling stake in IM Trust
Peruvian financial services group Credicorp announced that it will acquire a 60.6% stake in Chile's IM Trust, confirming market rumors.
The deal is valued at some 3.5% of Credicorp's net equity, or...
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TechCrunch
“In the Studio,” Why Zimride’s John Zimmer Left Wall Street to Start a Company
"In the Studio" has a special segment this week, hosting a Valley entrepreneur who grew up on the East Coast, studied at an Ivy League school, was lured to Wall Street, and eventually decided to leave the pinstriped suits behind to start building his own startup, eventually finding his cofounder via Facebook, moonlighting as an entrepreneur after the markets closed in NYC, and is now helping ru...
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Huffington Post
A Day In The Life Of An Investment Banking Associate
What does the typical workday look like for an investment banking associate at a multinational financial services firm? To find out, Bloombergâs Melanie Danko spoke to Serdj Balach, a graduate of the University of Virginiaâs Darden MBA Class of 2010, who holds that position at Citigroupâs (C) headquarters in Manhattan.Read More...
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Reuters
UPDATE 1-UBS head of Americas investment banking resigns-sources
NEW YORK, April 17 (Reuters) - UBS AG's head of
investment banking for the Americas, Aryeh Bourkoff, resigned to
pursue other opportunities only 13 months after taking on the
position, according to...
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Irish Times
Improved first-quarter earnings for Citigroup
CITIGROUP reported improved first-quarter earnings yesterday, with steady growth in the bank’s globe-spanning consumer businesses and a rebound in investment banking from a poor previous quarter.
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China Daily
Furniture pioneer cuts out the middlemen
Shanghai-born Jimmy Du,at the age of 24, gave up a career in investment banking in Australia to concentrate on what once was his sideline.
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Times LIVE
World still paying for easy credit glut five years on
It's nearly five years since evidence surfaced that the US housing market was heading for a disastrous downturn, an event that proved to be the prelude to a devastating decline in the investment banking industry, and the onset of the credit crisis and recession in the global economy.
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Times of India
Goldman Sachs bullish on growth prospects in India
Global investment banking and securities firm Goldman Sachs which held its first ever board meet in India last week has said that it would like to grow its business here in line with the growing economy.
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AllThingsDigital
Now You Can Leave Goldman Sachs, Too! Personal Wealth Management Start-Ups Multiply
They say the best inspiration for starting a company is to build something you personally want. Well, it says something about the current state of Silicon Valley that a recent Web start-up trend is personal wealth management.
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Irish Times
Goldman Sachs to cut more staff
Goldman Sachs Group has begun a new round of staff cuts in its trading and investment banking divisions, three sources familiar with the matter said, a sign of continued cutbacks on Wall Street.
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siliconindia
5 Women Who Transformed Banking Sector
Even a confident young banker finds it difficult to manage the long hours and constant pressure of working as a junior analyst at an Investment banking job. But the pressure is even greater on young women.
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Fortune
Wall Street's dead? Really?
Trading volume is anemic. Bonuses are down. Investment banking activity is sluggish. But instead of singing a requiem for Wall Street, investors are treating the big banks like they are rock stars.
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Times of India
Kingfisher crisis: SBI says no decision on fresh loans
SBI is studying a viability report prepared by its investment banking arm, SBI capital markets, and any decision on further lending will be based on that.
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Daily Mail
RBS banks posts losses of £2bn but 'casino bankers' still enjoy £390m bonus pot
The huge bonus pool includes a £390million pool for its 17,000 investment banking staff. The overall loss is almost double the £1.1billion figure posted the previous year by the state-funded bank.
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Daily Mail
State-owned RBS posts losses of £2billion - but employees still enjoyed £785million bonus pot
The huge bonus pool includes a £390million pool for its 17,000 investment banking staff. The overall loss is almost double the £1.1billion figure posted the previous year by the state-funded bank.
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The Guardian
RBS chairman calls for commercial status as £2bn loss is announced
Sir Philip Hampton says bank needs to be run on commercial grounds if taxpayers are to get their £45bn investment backRoyal Bank of Scotland pleaded on Thursday to be run on a commercial basis as the taxpayer-owned bank announced losses widened to £2bn in 2011, and confirmed it paid out £390m in bonuses to investment bankers.Sir Philip Hampton, appointed chairman after the October 2008 bailout,...
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The Nation
Raza calls for strengthening investment banking
ISLAMABAD - Former governor of State Bank of Pakistan, Salim Raza on Wednesday said that debt markets in Pakistan are shallow as well as small with less than 5 per cent of the primary banking market whereas bank deposits are 30 percent of GDP.
He said this while delivering a lecture on “Financial Sector Reforms: Deepening and Widening the Pakistan’s Financial Sector” at the ...
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AP
Deutsche Bank results hit by eurzone debt crisis
FRANKFURT, Germany (AP) -- The eurozone debt crisis took its toll on Germany's Deutsche Bank and its investment banking businesses, sending fourth-quarter net profits down 69 percent to euro186 million ($245.06 million)....
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Daily Mail
Stephen Hester bonus: Top RBS bankers 'should follow boss' example' says Vince Cable
RBS investment banking boss John Hourican remains in line for a salary and bonus of up to £5.9million. Business Secretary Vince Cable called for a ‘sense of perspective’ in an age of austerity for most.
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Reuters
Goldman fourth-quarter profit falls but beats estimates
(Reuters) - Goldman Sachs Group Inc's profit fell 56 percent in the fourth quarter but easily beat analysts' estimates during a weak period for investment banking revenue.
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USA Today
Citi's 4Q profit falls 11%, misses forecasts
Bank blames lower investment banking income, an accounting charge and a decline in the value of its assets.
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BBC
JP Morgan reports drop in profit
JP Morgan Chase reports lower fourth-quarter profits, hit by weaker trading at its investment banking division.
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Times of India
Royal Bank of Scotland says will axe 3,500 more jobs by 2015
State-rescued Royal Bank of Scotland on Thursday announced about 3,500 more job cuts over the next three years as the group shrinks its investment banking activities.
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Nikkei
UBS Retains Top Spot For Asia Ex-Japan Investment Banking Fees In 2011: Dealogic |
amNY
Plane crashed onto New Jersey highway, killing all 5 passengers
A small plane crashed onto a busy New Jersey highway Tuesday morning, leaving all five people on board dead, officials said. The plane burst into flames after it went down on Route 287 near exit 34 in Morris County just after 10 a.m., according to the Federal Aviation Administration. New Jersey State Police said all five onboard and a dog were killed in the crash. State trooper Christopher Kay ...
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Huffington Post
Monika Mitchell: How Goldman Envy Destroyed MF Global
Why would a guy of Corzine's stature and accomplishment, having reached the pinnacle of power in investment banking, and a big ticket political seat to round out the resume, risk it all? Apparently, Jon Corzine has something to prove.
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NZZ
UBS will schrumpfen, um zu wachsen
Vorstellung konkreter Pläne zum Umbau des Investment Banking
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# |
Countries |
MIX |
| 1 | United States | 2.315 |
| 2 | United Kingdom | 0.730 |
| 3 | India | 0.655 |
| 4 | China | 0.430 |
| 5 | Canada | 0.240 |
| 6 | Turkey | 0.240 |
| 7 | Brazil | 0.240 |
| 8 | Singapore | 0.150 |
| 9 | Nepal | 0.120 |
| 10 | Romania | 0.100 |
| 11 | Australia | 0.050 |
| More Countries >> |
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Media |
MIX |
| 1 | CNBC | 0.500 |
| 2 | Guangzhou Morning Post | 0.400 |
| 3 | TIME | 0.400 |
| 4 | Guardian | 0.350 |
| 5 | businessweek | 0.350 |
| 6 | IBN live | 0.250 |
| 7 | Bergen County Record | 0.240 |
| 8 | ekolay.net | 0.240 |
| 9 | The Wall Street Journal Americas | 0.240 |
| 10 | Business News Network BNN | 0.200 |
| 11 | The Hindu Business line | 0.200 |
| 12 | Reuters | 0.200 |
| 13 | The Straits Times | 0.150 |
| 14 | The Himalayan Times | 0.120 |
| 15 | menshealth | 0.120 |
| 16 | Bloomberg | 0.100 |
| 17 | abc live | 0.100 |
| 18 | St. Petersburg Times | 0.100 |
| 19 | Realitatea TV | 0.100 |
| 20 | economist | 0.100 |
| More Media >> |
# |
Languages |
MIX |
| 1 | English | 4.290 |
| 2 | Chinese | 0.400 |
| 3 | Turkish | 0.240 |
| 4 | Portuguese | 0.240 |
| 5 | Romanian | 0.100 |
| 6 | German | 0.000 |
| 7 | Finnish | 0.000 |
| 8 | Korean | 0.000 |
| 9 | Dutch | 0.000 |
| 10 | Arabic | 0.000 |
| 11 | French | 0.000 |
| 12 | Indonesian | 0.000 |
| 13 | Spanish | 0.000 |
| 14 | Italian | 0.000 |
| 15 | Swedish | 0.000 |
| 16 | Polish | 0.000 |
| 17 | Hindi | 0.000 |
| 18 | Telugu | 0.000 |
| 19 | Japanese | 0.000 |
| 20 | Bengali | 0.000 |
| More Languages >> |
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Lists |
| 1 | Micro Economic words |