Investment Banking News

Published: Thursday, November 20, 2008 at 4:30 a.m. Last Modified: Thursday, November 20, 2008 at 4:13 a.m. As the stock market tumbled to its lowest level in nearly six years on Wednesday, Wall Street traders ...

When Hank Paulson demanded $700 billion to haul away the trash in the dumpsters of JPMorgan Chase and Goldman Sachs--assuring us we could hold a garage sale of the junk--they rebelled.

The U.S. financial system still needs at least $1 trillion to $1.2 trillion of tangible common equity to restore confidence and improve liquidity in the credit markets, Friedman Billings Ramsey analyst Paul ...

LONDON : JPMorgan Chase will relocate its European headquarters from the City of London to Canary Wharf, lifting morale in the outlying business district as job cuts continue in the financial sector.

U.S. auto executives went to Capitol Hill for a second day on Wednesday to argue their case for $25 billion in aid as legislators proposed changes to help a bailout pass Congressional and White House muster.

Global banking giant Citigroup Inc. is slashing its workforce by 52,000 in one of the largest job-cut announcements in the United States in the last 15 years.

Wachovia Corp. has paid investment bank Goldman Sachs Group Inc. $77 million in fees since October 2006 for various advisory services and is set to pay another $25 million for advice involving the Charlotte ...

Harsh as it is, a bankruptcy filing has always offered a glimmer of hope for a business hobbled by debt or a downturn.

The head of Nomura Holdings Inc., Japan's biggest brokerage, said Wednesday that while the immediate liquidity crisis may be receding, global leaders must now find ways to bolster their faltering economies.

Scotiabank will take a $595-million hit to the bottom line due to the turmoil in the financial markets including the bankruptcy of Lehman Brothers, the bank announced Tuesday.

A group of business executives on Tuesday urged President-elect Barack Obama to "quickly implement" a large stimulus package soon after taking office.

In Britain, already officially in recession, inflation dropped to 4.5 per cent in October from 5.2 the previous month.

New York -- JPMorgan Chase & Co. will likely cut thousands of jobs worldwide next year, Britain's Sunday Telegraph newspaper reported.

The Bush Administration said on Monday that it has provided $33.56 billion to 21 U.S. banks under its $250 billion purchase plan.

LITTLE ROCK -- Little Rock businessman Jennings Osborne, known for his holiday lights displays and philanthropic efforts, is suing the Stephens Inc.

U.S. Treasury Secretary Henry Paulson said Monday the federal government plans to slow down equity purchases and other payouts in the $700 billion Wall Street and bank bailout.

Kotak Mahindra Bank Ltd. , the former partner of Goldman Sachs Group Inc. in India, plans to start new alliances with financial firms as the global credit crisis forces local businesses to sell stakes overseas.

U.S. bank Morgan Stanley said 26 million Singapore dollars of notes linked to bankrupt brokerage Lehman Brothers Holdings Inc.

Citigroup's chairman is hinting the banking giant will announce more job cuts Monday, and isn't ruling out the possibility executives will follow peers at Goldman Sachs and forgo bonuses.

Various reports have suggested Citi may be looking to shed thousands of jobs through layoffs and attrition.

Speaking briefly to The Associated Press in Dubai on Monday, Chairman Winfried Bischoff said the company will make an announcement about its plans at 9 a.m. New York time, an hour after a town-hall meeting for employees is scheduled.

As Congress debates legislation to help struggling automakers on Monday, many Americans said they were uneasy with the plan, arguing that while it may save jobs, it would reward companies for pursuing bad ...