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Investment Banking News

Investment Banking news continually updated from thousands of sources around the net.

1 hr ago | Reuters

Barclays plans 3,000 job cuts after Lehman deal: source

Barclays plans to cut about 3,000 jobs as it brings Lehman Brothers Holdings Inc's North American operations that it bought into its fold, a source close to the British bank said on Friday.

Comment?

Related Topix: Lehman Brothers Holdings, Financial Services, Investment Services

5 hrs ago | Denver Post

David Sirota: Crony commie or businessman?

Is Henry Paulson a crony communist or a businessman? The answer could be the difference between economic disaster and recovery.

Comment?

Related Topix: Investment Services, Financial Services, Goldman Sachs Group, Home, Mortgage, Warren Buffett, Opinion

9 hrs ago | Dallas Morning News

Paul Krugman: Follow Britain on global financial fix

Paul Krugman is a New York Times columnist. Last month, when the U.S. Treasury Department allowed Lehman Brothers to fail, I wrote that Treasury Secretary Henry Paulson was playing financial Russian roulette.

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Related Topix: Lehman Brothers Holdings, Financial Services, Investment Services, Home, Mortgage, Opinion, Dallas, TX

13 hrs ago | Atlanta Journal-Constitution

As Stock Falls, Morgan Looks to Japanese Bank

Morgan Stanley was racing on Friday to secure its financial lifeline from a big Japanese bank as confidence in the embattled Wall Street bank continued to erode.

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Related Topix: Morgan Stanley European Fund, Financial Services, Morgan Stanley, Investment Services

18 hrs ago | South China Morning Post

G7 pledges urgent, decisive action as markets reel

Finance chiefs of the worlda s rich nations pledged on Friday to prevent big banks from collapse and to work together to stem the financial crisis after another day of gut-wrenching drops on world markets.

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Related Topix: Morgan Stanley European Fund, Financial Services, Morgan Stanley, Investment Services, Healthcare Industry

Fri Oct 10, 2008

MarketWatch

Lehman derivatives auction described as 'smooth' and 'efficient'

An auction to work out the value of Lehman Brothers bonds for the huge credit derivatives market went smoothly Friday, according to the International Swaps and Derivatives Association, which helps oversee the ...

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Related Topix: Financial Services, Lehman Brothers Holdings, Investment Services

The Florida Times-Union

Lehman debt auction gives clue to potential losses

Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to buyers of those insurance contracts.

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Related Topix: Lehman Brothers Holdings, Financial Services, Investment Services, Insurance, American International Group

MIX969.com

Panic Showing On Wall Street

Stocks slid on Friday, as panicked investors unwound risky bets in a global sell-off on fears that tighter credit would spawn world recession.

Comment?

Related Topix: Financial Markets, Morgan Stanley European Fund, Financial Services, Morgan Stanley, Healthcare Industry, Goldman Sachs Group, Investment Services

hosted The Associated Press | The Associated Press

Rate cut loosens credit only at the margins

The credit markets might not be quite as squeezed as they have been recently, thanks to the Federal Reserve's interest rate cut. But they're hardly back to normal.

In two signs of continued strain, a key bank-to-bank lending rate rose Thursday and the amount of commercial paper in the market fell for the fourth straight week to 15 percent below the level before the investment bank Lehman Brothers Holdings Inc. filed for bankruptcy.

While lending doesn't appear to be in the same seized-up state as last week, the year-end could prove a difficult time for funding as banks and other institutions try to get their books in order, said Kim Rupert, managing director of global fixed income analysis at Action Economics.

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Related Topix: Lehman Brothers Holdings, Financial Services, Investment Services, Home, Mortgage, Personal Finance, Business News

Cubicle Muses

Following the Crisis

Finding funding for Indie-Arcade has me watching the current financial crisis daily.

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Related Topix: Home, Mortgage, Personal Finance, Subprime Mortgage Crisis, Lehman Brothers Holdings, Financial Services, Investment Services

Thu Oct 09, 2008

KFBB

Moonlight Basin laying off employees

The Moonlight Basin ski resort near Big Sky has announced a large-scale layoff of employees because of the bankruptcy of the resort's primary lender, Lehman Brothers Holdings Inc.

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Related Topix: Lehman Brothers Holdings, Financial Services, Investment Services, Montana

InYork

Meltdown 101: Investors get back to shorting

NEW YORK - Will stocks benefit now that the government is letting investors bet on financial stocks going down? It's a strategy known on Wall Street as short selling.

Comment?

Related Topix: Financial Markets, Lehman Brothers Holdings, Financial Services, Investment Services, Bear Stearns

Shanghai Daily

Pay shock for former Lehman employees

LEHMAN Brothers, the New York-based investment bank that has fired about 4,000 workers since March, has notified some former employees that severance payments have been cut because of the company's bankruptcy.

2 comments

Related Topix: Lehman Brothers Holdings, Financial Services, Investment Services

PR-inside.com

Judge moves ahead in hedge fund fraud case

The bankruptcy judge overseeing the Delphi case said Wednesday he may let the auto supplier pursue wider fraud claims against the Appaloosa Management hedge fund, which backed out of a deal to invest $2.55 ...

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Related Topix: Manufacturing, Automakers, Delphi, Financial Services, Goldman Sachs Group, Investment Services, Troy, MI

Charlotte.com

Meltdown advances despite efforts to limit damage

Rep. Elijah Cummings, D-Md., right, asks a question of Lehman Brothers Holdings Inc.

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Related Topix: US Politics, Elijah Cummings, US News, US House of Representatives, Democrat, Lehman Brothers Holdings, Financial Services, Investment Services, Washington, DC, Carolyn Maloney, Ben Bernanke

NetworkWorld

Tata to acquire Citigroup's Indian back office for $505M

Tata Consultancy Services , India's largest outsourcer, has reached an agreement to acquire Citigroup's interest in Citigroup Global Services, its business process outsourcing arm in India, for about US$505 ...

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Related Topix: Computers, IT Services, Outsourcing, Financial Services, Investment Services, Lehman Brothers Holdings, World News, India,

Wed Oct 08, 2008

Bloomberg

Buffett's Paper Profit on GE, Goldman Sachs Erased by Stock Market Plunge

Billionaire investor Warren Buffett 's instant paper profits on Goldman Sachs Group Inc.

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Related Topix: Financial Services, Goldman Sachs Group, Investment Services, Warren Buffett, Berkshire Hathaway, Insurance, Construction, Omaha, NE Metro

SchaeffersResearch.com Daily Market Blog

Analysts Uneasy on Bank of America's Stock Offering, Dividend Cut

In the wake of the stock's sell-off, Keefe Bruyette & Woods this morning upgraded BAC from "underperform" to "market perform." However, not all of the brokerage action this morning has been so upbeat; RBC ...

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Related Topix: Banking, Bank of America, Financial Services, Day Trading, Financial Markets, Personal Finance

KMBC

Federal Reserve Operates Outside Government

The Federal Reserve has been digging through its back add space a lot lately. In March and on Sept.

7 comments

Related Topix: Insurance, American International Group, Financial Services, Bear Stearns, Investment Services, US Politics, US News, 2008 Presidential Election, Ben Bernanke, Federal Reserve Bank, Business News

International Herald Tribune

French minister: Paulson made 'mistake' on Lehman

PARIS : U.S. Treasury Secretary Henry Paulson made a mistake by letting investment bank Lehman Brothers fail, France's finance minister said Wednesday.

Comment?

Related Topix: Lehman Brothers Holdings, Financial Services, Investment Services

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