Investment Banking News

1. Paul Vasilopoulos Joins Oppenheimer's Investment Banking Group As Managing Director - Head Of Telecom - NEW YORK, May 17, 2012 /PRNewswire/ -- Oppenheimer & Co. Inc., a unit of Oppenheimer Holdings, is pleased to announce that Paul Vasilopoulos has joined the firm as Managing Director - Head of Telecom in ...
2. Nick Reid steps back from UBS investment banking role - LONDON, May 18 (Reuters) - Nick Reid is stepping down asco-head of European, Middle Eastern and African investmentbanking at UBS, according to a memo seen by Reuters,to spend more time with clients as ...
3. Investment Bank Revenue May Fall 24% in Quarter, JPMorgan Says - Investment banking revenue may fall 24 percent in the second quarter as the effect of the European Central Bank ’s 1 trillion-euro ($1.3 trillion) of loans to the banking system wears off, JPMorgan (JPM) Chase & Co. analysts said.
4. Investment banking team of the Week: RBC Capital utilities - Please complete all fields in the form to login. Username and password fields are case sensitive
5. JPMorgan Said to Cut 20 London Investment-Banking Jobs (Update 1) - JPMorgan Chase & Co. (JPM) , the biggest U.S. lender by assets, will eliminate 20 investment-banking jobs in London as market conditions weaken, according to a person with knowledge of the cuts.
6. Citi gives Usman Ahmed top investment banking job in the Philippines - Ahmed will remain Asia-Pacific head of global Islamic banking alongside his new role as head of corporate and investment banking in the Philippines.
7. JPMorgan to eliminate 20 London investment-banking jobs - JPMorgan Chase & Co., the biggest U.S. lender by assets, will eliminate 20 investment-banking jobs in London as market conditions weaken, according to a person with knowledge of the cuts.
8. Wall Street banks facing second-quarter slowdown: analyst - Wall Street banks will report sharp declines in trading and investment banking revenues in the second quarter because of weaker client activity, JPMorgan analyst Kian Abouhossein said in a report on Friday. ...
9. Wall Street banks facing 2nd-qtr slowdown: analyst - * FICC revenue to drop 32 percent from Q1: analyst * Equities trading, investment banking also down * Goldman may get more aggressive about cost cuts May 18 (Reuters) - Wall Street banks will report sharpdeclines ...
10. Nomura Targets 100 Top Executives in Investment Banking - Nomura Holdings Inc. (8604) , Japan ’s largest brokerage, plans to almost triple the number of senior executives in its Americas investment-banking division as competitors retrench.

Other Business news

1. Greek exit could cost euro zone billions of euros - Reuters India -

   The Guardian

   Greek exit could cost euro zone billions of euros Reuters India By Paul Carrel | FRANKFURT (Reuters) - A Greek exit from the euro zone could expose the European Central Bank and the currency bloc it seeks to protect to hundreds of billions of euros in losses, landing Germany and its partners with a crippling bill. This Week's Top FTSE/Euro Moversmsnbc.com Merkel says Germany needs European marketAFP Euro Drops Versus Dollar, Yen on Greece Crisis Contagion ConcernBloomberg Wall Street Journal -Reuters -New York Times all 3,085 news articles »

2. New York penthouse sells for a record $90 million - CNN -

   msnbc.com

   New York penthouse sells for a record $90 million CNN By Les Christie @CNNMoney May 18, 2012: 5:07 PM ET Take a look inside New York's most expensive penthouse by clicking on the picture above. NEW YORK (CNNMoney) -- An unnamed buyer paid more than $90 million for a Midtown Manhattan penthouse, ... New York City: ONE57 Hits $1 Billion in SalesDaily Disruption At Over $90 Million, Sale of Midtown Penthouse Sets a New York RecordNew York Times The Developer Behind a $90 Million PenthouseBusinessWeek New York Post -Curbed Hamptons -GlobalPost all 62 news articles »

3. Gold rises but falls short of $US1600 - Sydney Morning Herald -

   TheBull.com.au

   Gold rises but falls short of $US1600 Sydney Morning Herald Gold rose more than 1 per cent on Friday, on track for its largest two-day gain since October, boosted by investors' consolidation of positions ahead of the weekend and a stronger euro. The second day of gains helped bolster confidence, which had been ... PRECIOUS METALS: Comex Gold Rebounds To End Wild Week Up 0.5%Wall Street Journal Gold jumps, heads for biggest 2-day gain since OctoberReuters Comex Gold Ends at Bullish Weekly High Close Friday, to Begin to Suggest ...Forbes MarketWatch -Bloomberg -UPI.com all 70 news articles »

4. Unemployment Dropped In April - Patch.com -

   KOMO News

   Unemployment Dropped In April Patch.com While jobs were shed in government sectors over the last year, the private sector picked up. A combo of agricultural jobs and private sector jobs pushed down the unemployment rate last month. By David Ryan The unemployment rate in Solano County was ... April Miss. jobless rate falls as labor force dipsBusinessWeek Payrolls Increase in 32 States, Led by Indiana and TexasBloomberg April job losses end state's eight months of gainsLos Angeles Times Washington Post -Great Falls Tribune -South Bend Tribune all 1,119 news articles »

5. JP Morgan Struggles to Unwind Huge Bets - Wall Street Journal -

   Wall Street Journal

   JP Morgan Struggles to Unwind Huge Bets Wall Street Journal By GREGORY ZUCKERMAN and SCOTT PATTERSON JP Morgan Chase & Co. is struggling to extricate itself from disastrous wagers by traders such as the "London whale," in a sign that the size of its bets could bog down the bank's unwinding of the trades and ... The Risky Risk Management Practices at JPMorgan ChaseForbes JPMorgan's Trading Loss Is Said to Rise at Least 50%New York Times Analysis: JPMorgan to be haunted by change in risk modelReuters BusinessWeek -CNBC.com all 1,624 news articles »

6. Oil prices slide to 6-month low on Greece turmoil - San Francisco Chronicle -

   Business Today

   Oil prices slide to 6-month low on Greece turmoil San Francisco Chronicle MARKETS Oil slides on Greece turmoil Oil dropped Friday to a six-month low in New York on concern that Greece will have to exit the euro system, compounding Europe's debt troubles and curbing fuel demand. Futures declined 1.2 percent after German ... Oil prices edge up after saleCherokee Tribune NYMEX-Crude down, hits biggest 3-wk loss since Aug '11Reuters Oil, Hogs Fall; Gold, Natural Gas Rise: Commodities at CloseBloomberg Wall Street Journal -BusinessWeek -MarketWatch all 694 news articles »

7. GM to Forgo Pricey Super Bowl Ads - Wall Street Journal -

   Moneycontrol.com

   GM to Forgo Pricey Super Bowl Ads Wall Street Journal By SHARON TERLEP and SUZANNE VRANICA General Motors has decided it won't advertise in the next Super Bowl, a surprising reversal of strategy that comes as the auto maker overhauls its global marketing operations. Sharon Terlep has details on The News ... GM passes on running TV ads during 2013 Super BowlReuters GM to stop advertising on Super Bowl; says price hike makes ads too expensiveWashington Post GM Says It Won't Advertise During Next Super Bowl GameBusinessWeek The Associated Press -CNNMoney all 285 news articles »

8. 20000 march at Occupy rally in Germany, police say - Fox News -

   CBC.ca

   20000 march at Occupy rally in Germany, police say Fox News BERLIN – Some 20000 activists took part in a major rally of the local Occupy movement in Frankfurt on Saturday, German police said. Protesters peacefully filled the city center of continental Europe's biggest financial hub in their protest against the ... 20000 march at Frankfurt Occupy protest rallyThe Associated Press Thousands march in Frankfurt against austerity measuresReuters India all 476 news articles »

9. Spain faces crisis of confidence after deficit slip - Reuters -

   Telegraph.co.uk

   Spain faces crisis of confidence after deficit slip Reuters * Spain hikes 2011 deficit to 8.9 pct from 8.5 pct of GDP * Change a disaster for Spanish credibility-economist By Paul Day MADRID, May 19 (Reuters) - Spain's government faces a crisis of confidence from nervous investors after admitting late on Friday ... Europe's debt crisis joins governments and banks at the hipLos Angeles Times Spain's Regions Contribute to Wider DeficitWall Street Journal Spanish Banks' Bad Loans Worsen as Recession Bites: EconomyBusinessWeek Fox News all 1,602 news articles »

10. Refloat of Italy's Concordia wreck to be biggest ever - Reuters -

    Sydney Morning Herald

    Refloat of Italy's Concordia wreck to be biggest ever Reuters By Catherine Hornby | ROME (Reuters) - Salvage crews will employ huge cranes and air tanks to refloat the half-submerged Costa Concordia cruise liner in the largest ever operation of its kind, according to a plan unveiled on Friday. Big Costa: $300m to refloat capsized linerSydney Morning Herald Wrecked Costa Concordia to be raised from Italian sea bedCNN Salvage company plans to have capsized cruise ship upright by winter and towed ...Washington Post The Associated Press -Brisbane Times all 426 news articles »