investment bank

So far though, China's domestic markets have been a source more of promise than profit for foreign investment banks.

The catch was that investment banks were taking what turned out to be life-threatening gambles.

MBS values have dropped as much as 25% in just a few weeks, wiping out a year's worth of gains, primarily for Wall Street investment banks.

The action is often aided by the investment banks which are in charge of the merged departments.

Financial markets are desperate to be bailed out, with the support of Tim Geithner, in his capacity as ambassador for US investment banks.

It's been a mad year for investment banks trying to recruit in Asia.

The second theory argues that brokers serve a certification role similar to that of venture capitalists or commercial and investment banks.

But it has instead emerged, along with Morgan Stanley, in the last pair of large investment banks standing.

Bad news for the old, large investment banks could mean two or three more years of sluggishness for the global economy, Shen predicted.

It navigated the crisis best of all the investment banks and does not run itself as if it is bound to get bailed out.

But there was no doubt that being "in the flow" gave investment banks' trading desks an edge.

In the middle of these bond trades are the investment banks, which charge commissions at the point of sale as well as arrangement fees.

The only thing on which companies and investors seem able to agree about initial public offerings is not to trust investment banks.

Meanwhile, those that have bought investment banks are not all finding it easy to meld the cultures.

Many of these investment banks are part of universal banks that continue to see a solid performance in retail banking and consumer credit.

Investment banks are trying to encourage institutional investors and corporate clients to use the renminbi in international trade.

Investment banks are now paying for that opacity, even though their management of risk has improved since the last credit crisis in 1998.

Unlike other investment banks, which rewarded senior staff with large amounts of restricted stock, RBS continued to pay big cash bonuses.

Goldman has pushed this envelope further than other investment banks, believing it had the skill to manage the resulting conflicts.

The new financial environment it created allowed banks and investment banks to cohabit, something that had not been allowed since 1933.

Investment banks could recoup some of their forgone profits by trimming employee compensation, he said.

Then investment banks found a way to sell commodity futures to retail investors by creating exchange-traded funds to hold them.

"There is a strong pipeline across the street [investment banks] but much of it is getting well seasoned, " Mr Woodthorpe says.

Everything about this deal is big, even the $200 million in bank underwriting fees up for grabs for global investment banks.

Investment banks have become less disciplined in their dealings with hedge funds, the Bank for International Settlements will warn today.

Morgan Stanley is the only one of the five biggest US investment banks to report a rise in fixed-income revenue from the first quarter.

Of course, this mainly refers to those investment banks and commercial banks, to which those with a global vision, of GDP.

The United States had five big, independent investment banks before the credit crisis began more than a year ago.

Rival investment banks are exploiting the upheaval at Morgan Stanley by trying to poach staff and clients.

Investment banks touting mortgage-backed securities from America found a particularly receptive audience at SachsenLB.

With such a foggy outlook, it is only natural that markets value many investment banks at or below book value.

Who dares wins. At least for now, that has summed up the year's results for investment banks.

She says American investment banks have made excessive loans, which created a real estate bubble and made the lenders insolvent on bad debt.

Investment banks usually pay their employees around the end of the year in a combination of cash and stock.

Visitors to the Asian offices of large US companies or investment banks are often plunged into a cultural melting pot.

Employees of investment banks around the globe typically receive a portion of their payout in the form of shares.

But the data highlight how the rapid growth in revenues has turned Asia into a battleground for global investment banks.

In recent years there has been a convergence of financial services involving private equity firms, hedge funds and investment banks.

The biggest concern is structured finance, where the agencies now depend on a few large investment banks for much of their revenue.

Goldman -- and to a lesser extent, Morgan Stanley -- has maneuvered through the credit crisis better than other investment banks.

While some U. S. investment banks were leery about the Rusal IPO, it had no trouble finding underwriters.

Most people at big investment banks do not think of a bonus at all.

Indeed, rather than the emerging market investment banks going it alone, more combinations between them are likely.

The trading desks of major investment banks and hedge funds have long sought maths and physics talent to try to turn science into profit.

Investment banks have been able to slash costs more quickly than commercial banking rivals by cutting bonuses and firing staff.

United Biscuits over the summer hired investment banks to conduct a strategic review of the company.

As the two firms' investment banks were crunched together, over a third of those units' employees were either laid off or left for rivals.

The United States had 5 big, independent investment banks before the credit crisis began more than a year ago.

It also is bad timing for investment banks like Goldman, given that their fiscal third quarter comes to a close at the end of this month.

Meanwhile initial interest from some investment banks did not catch on elsewhere in the sector.

"Today, investment banks, the pride of Wall Street, have virtually ceased to exist, " he said.

It was an edge the investment banks deployed against "long" investors on the other side of CDO trades.

Goldman Sachs and Morgan Stanley, the only remaining independent investment banks, changed their status to become ordinary commercial banks.

Moreover, the leverage requirement that served as a backstop for capital requirements on banks was not applied to these investment banks.

What I do spend time doing is talking to strategists tasked by their investment banks with making sense of complex equity markets.

Repo trades have long been a vital source of funding for investment banks, and typically remain on the firms' books.

The point, for the investment banks, is to limit their exposure to civil suits.

At least investment banks are in better shape than they were going into past crises.

At least when the Fed rescued Bear Stearns in March, it could turn itself into the de facto regulator of investment banks.

The genesis of the problem was the transformation of investment banks from private partnerships into publicly held companies.

Demography is not destiny. Nor for that matter are long-range economic forecasts from investment banks.

Investment banks, for instance, do not rely on consumer deposits for funding, but on borrowing from commercial banks and others.

The regulatory regime for investment banks may now have to be rethought to make them more resilient to financial catastrophe.

Leading investment banks and insurance companies are working on the design of new securities expected to be launched next year.

Mr Shibata likes to put the new Nomura into an elite category of standalone investment banks alongside Lazard and Greenhill.

Bulge-bracket investment banks each claim to be working on listing between 10 and 20 private sector companies over the next year.

What happened then was the industry argued that the investment banks were essential to oiling the wheels of global capitalism .

One might well describe investment banks as hedge funds backed by an implicit government guarantee.

Investment banks, readying themselves for the expected downturn, have been strengthening their distressed-securities groups.

The move was made to help stave off a run on other investment banks and damage to the broader economy.

'We have never seen anything like this, ' said analyst Glenn Schorr, who covers the investment banks for UBS AG.

Investment banks will battle for the lucrative advisory roles and are likely to be interviewed next month.

As far as the investment banks go, it's hard to see what could prompt indictments .

The biggest users of Fed facilities aimed at struggling Wall Street investment banks were those that eventually had to be bailed out.

The signal from Mr Bernanke is likely to soothe Wall Street, in that it confirms Fed support for investment banks through the credit crisis.

Investment banks' efforts to recruit more gays and lesbians is partly an attempt to attract the most talented employees.

Like traditional US investment banks, they would fund themselves independently without the backstop of a retail balance sheet.

Most of the "star managers" at investment banks have done MBAs and look how well their collective strategies have worked.

Once markets stabilise, Wall Street will start to wonder if it is better or worse off without its standalone investment banks.

Under those circumstances, the mortgage-backed securities cobbled together by investment banks looked like a godsend.

Among the big investors in this debt were Western hedge funds and investment banks' proprietary trading desks.

John Tiner, the regulator's outgoing chief executive, has made cracking down on market abuse by hedge funds and investment banks a priority.

The cuts come as investment banks around the world are slashing costs to adjust to falling markets and a gloomy 2009.

Some investment banks, including ABN Amro, raised their target price for shares in the company.

The industry's giants will not be broken up, forced to shrink or made to hive off their investment banks.

That is what investment banks are doing by paying bumper bonuses a year after they were saved by state intervention.

The second worry about low borrowing costs is that universal banks are less likely to be allowed to fail than pure investment banks.

But America's economy is now dominated by a shadow banking system of investment banks, financial firms and investment funds.

Even western investment banks that have thrived over the past year have been left behind in the price-to-book league table.

although competition is becoming increasingly fierce, but the British and American investment banks can earn a lot of money, which is why?

Investment banks, meanwhile, face a slowdown in a number of businesses, from advising on mergers to equity underwriting.

While the date has been uncertain, the bank's IPO has been expected by global and Asian investment banks hoping it could result in fat fees.

Following this action, the regulatory authority significantly reduced capital requirements for the largest investment banks.

Today's rescues have included investment banks and insurers, neither of which used to be regarded as system-threatening.

Hiring high-priced MBA talent is not a priority for investment banks and consulting firms struggling to survive and stave off bankruptcy.

The private-equity firm retaliated by warning investment banks that they would be blacklisted if they funded the creditors.

Investment banks prefer to be judged on the longer-term share price performances of the companies.

The investment banks had the skills but not the capital; the commercial banks had the capital but were excluded from the business.

As long as the structure encourages it, investment banks will place their interests above those of their clients, no matter what they say.

Investment banks have more flexibility than others to deal with a downturn, thanks to bonuses.

By throwing open its discount window to investment banks, the Fed has tacitly admitted that the old rules no longer apply.

Tanona expects investment banks and other financial institutions to report very weak third-quarter results over the next month.

Power may shift in two other directions: abroad and, to a lesser extent, to boutique investment banks.

During a boom, highly leveraged investment banks encourage a credit bubble, whereas in a credit bust they have to deleverage faster.

Executives running investment banks are facing some of the same dilemmas, especially in underwriting.

The investment banks' new overseer, the Federal Reserve, has so far imposed few extra shackles.

The future of Goldman Sachs and Morgan Stanley, the last two independent investment banks, is now an open question.

But some of the gripes that investment banks have about the TSE look unlikely to go away for some time.

I am expecting another leg up for financials this year but I think the outlook is better for commercial rather than investment banks.

Putting all the big investment banks on the payroll reduces the likelihood that any facet of the deal will be criticised by analysts.

The IPO will generate several hundred million dollars worth of fees and investment banks have been lobbying furiously to bag advisory roles.

Investment banks have reduced their proprietary trading operations while hedge funds no longer have ready access to credit.

Of the five independent investment banks open for business at the start of the year, only Goldman and Morgan Stanley remain.

And I just increased my short positions on the investment banks last week, because that's where the excesses have been in the U.

Now the economy is too sluggish, and three top five investment banks bankruptcy, selling everything no longer marketable.

As one of China's top investment banks, CICC has specialized in sprucing up state-owned firms ahead of initial public offerings.

Shareholders of investment banks have not seen much of the spoils either, given the events of the past two years.

Investment banks will be held to at least the new Basel requirements.

Bear was the smallest of the "big five" American investment banks.

Nor for that matter are long-range economic forecasts from investment banks.

Investment banks went on to enjoy 30 years of prosperity.

Investment banks including Goldman Sachs and JPMorgan Chase have also set up funds to help rich clients buy stakes.

The investment banks are also attempting to stop Mr. Spitzer publishing all the internal documents he has subpoenaed.

Commercial and investment banks are likely to concentrate on serving corporate clients and processing large trade volumes.

Another factor may have been that investment banks have devoted more energy and capital to trading in financial markets.

On March seventeenth, the Federal Reserve started offering loans to investment banks, as it does for other banks.

The Fed decided that a money market "strike" against investment banks is the equivalent of a run on deposits in a commercial bank.

Worse still, investment banks may have an incentive to establish ETNs and synthetic ETFs as a cheap way of financing their assets.

After the rescue of Bear Stearns in March, the Fed agreed to back investment banks with its balance sheet.

As the CDOs declined in value, AIG had to pay out cash to the CDO owners, including investment banks.

But that does not excuse investment banks if they took advantage of their clients' credulity.

With the extension of investment banks' business, their operation of every aspect will face more and more risk.

Given all the M&A opportunities, inbound, outbound and domestic, how should investment banks structure their China banking teams?

It is no accident that all investment banks were once structured as partnerships, and mutuals once dominated insurance.

Paulson was able to exert the influence it did because of the informal way in which Goldman and other investment banks put CDOs together.

Investment banks on Wall Street answered this demand with the MBS and CDO, which were assigned safe ratings by the credit rating agencies.

What is the point of them poring over case studies of investment banks' acquisition strategies for the Chinese market?

But strong balance-sheets gave commercial banks the chance to muscle investment banks out of the underwriting of securities.

For the top brass who run investment banks, the uncertain economic outlook is a huge management challenge.

The final step would be to force investment banks to halt pure proprietary trading and to divest their asset management arms.

But foreign investment banks have missed out, having hitherto focused on an "elephant hunt" for big SOEs.

Global investment banks are preparing for another increase in M&A activity by relocating star performers in New York and London to Asia.

Also, investment banks should strengthen financial innovation, and expand the funding sources, continue to develop customers.

Things could be trickier for investment banks that became bank holding companies during the crisis.

Says one financial professional: 'He has the ability to think independently of the investment banks. '

The first chapters of the financial crisis hit investment banks disproportionately hard; the closing ones will focus on commercial banks.

Its a joke; it was the investment banks that created this mess with their putrid mortgage-backed securities and other debt-exotica.

Starting in the 1990s, investment banks developed a sort of parallel credit system.

As always, companies and investment banks have no trouble in meeting the new demand.

It does not help that the investment banks underwriting IPOs continue to gouge investors.

Bringing back oversea investment by the US commercial and investment banks caused worldwide financial crisis.

Governments, consultancies and investment banks rushed to hire economists, who were thought to possess vital skills and information.

Investment banks are the principal underwriters for initial public offerings in the primary market.

Perceived conflicts of interest have led some investment banks to give private equity a wide berth.

Washington cannot rescue investment banks without helping distressed mortgage borrowers.

But if they decide they do, regulators could ease the transition as they did for ex-investment banks Goldman Sachs and Merrill Lynch.

And New York's investment banks are minting money overseas, not least from all those IPOs that have gone elsewhere.

The big investment banks are also active in emerging economies but may find the going increasingly tough as local banks get better.

In many cases, investment banks must pay their Brazilian bankers and analysts more than they would get doing the same job in New York.

Led by Goldman, investment banks have innovated at a furious pace and changed the mix of their Image Bank own businesses.

Foreign investment banks are seeking to acquire stakes in domestic securities firms, and so be able to underwrite and trade local stocks.

The baying mob is now convinced that standalone investment banks are history.

But no one lost more than commercial and investment banks caught with toxic mortgage-related securities.

Investment banks also seek the company's advice on apparently mundane issues such as creating tendering for contracts to print prospectuses.

Chinese investment banks, a part of the entire financial market, play an important role on the growth of national economy of China.

One of Wall Street's giant investment banks had gone bankrupt, and the remaining three were poised to follow.

IN RECENT years investment banks were supposedly hijacked by boffins who used their nuclear-physics doctorates to devastating effect.

The final step would be to force investment banks halt pure proprietary trading andtodivest their asset management arms.

The Federal Reserve also chipped in with more largesse in its emergency lending program for investment banks.

Subprime lenders have also been scooped up by investment banks, including Morgan Stanley, Merrill Lynch and Deutsche Bank, in recent months.

Such worries help account for the relatively lowly valuation of the pure investment banks in the stock market.

The prime-brokerage arms of investment banks also face a number of potential conflicts of interest.

A clue: the political marketplace has replaced you with partially nationalised lenders in no mood blithely to leverage investment banks.

Advance preparation is key . Investment banks usually recruit primarily through internships.

Assume that America's top five investment banks would pay two percentage points more on unsecured borrowings without an implicit guarantee.

Investment banks have higher leverage than other banks (in America at least), which worsens the impact of falling asset values.

The Fed has provided a valuable form of insurance to the investment banks.

At present , global investment banks are focused not on inbound deals but advising mainland companies about overseas strategy .

Instead they hired two investment banks, which does not come cheap, to assess his ideas and then took them to the board.

We've (barely) lived through a 40-year period in which investment banks have imposed themselves on us.

Some worry about the potential for conflicts of interest, given that investment banks rather than investors pay for ratings.

Euro 158-year-old investment banks bank ended after bank Bank of America in and Britain's Barclays PLC decided against buying it.

Lawyers said that the ruling would force many global investment banks to tighten the wording of their derivatives contracts.

The leverage degree of investment banks is getting higher and financial risks are accumulated continuously.

To grow, investment banks will have to fire on more than one or two cylinders.

In Germany, in particular, large banks play a leading role in financing industrial development. Investment banks also play a global role.

Investment banks are already threatening to take their trades offshore if the FSA goes ahead with proposed new rules on liquidity.

Having grown to outsize proportions in the economies of the US and UK, investment banks are finding it hard and painful to shrink.

The majority of investment banks also maintain brokerage and trading operations for institutional and retail clients.

Foreign investment banks have, however, failed to capitalise on the China boom.

Obama is the one shaking down the taxpayer to "bail out" the big international investment banks.

Investors will no longer support investment banks' extreme leverage.

Commercial and investment banks developed new innovations to maximize profits under new liberal capitalism.

We have relationships with virtually all investment banks and most major private equity investors -throughout the world.

In the past, investment banks had a genuine advantage on access to information. New information technology has eroded that edge.

Office rents are driving even the richest investment banks to seek cheaper alternatives to prime downtown addresses.

Thus investment banks should be left to their own creative devices, and subject essentially only to the discipline of the marketplace.

Britain's investment banks (principally Barclays Capital) will be held to the same equity capital standards as international peers.

European banks are conspicuously absent, so far, as are investment banks.

The tough stance taken by regulators this past weekend with the investment banks, Lehman and Merrill Lynch, certainly helps.

Its CFO has told some bankers that he is skeptical over what contribution investment banks could make to a Facebook IPO? .

Australia's two leading investment banks will each make a bid for Alinta, the country's biggest energy transmission company.

A resumption of public offerings would bolster revenue at investment banks authorized to underwrites local equity sales.

Bear Stearns extended it to investment banks, and AIG to all financial institutions.

An intermediary between an issuer of debt securities and the investors. Investment banks usually charge a fee for this service.

"In these markets, they way they are set up, with all the edges with investment banks, the regular investor is just fodder, " Dicker says.

Tax credits that recently passed are not as helpful, Goldberg said, because no investment banks are lending for renewable projects.

A group of investment banks which jointly underwrite and distribute a new security offering, or jointly lend money to a specific borrower.

It already supervises and regulates bank holding companies, including all major US commercial and investment banks.

Investment banks are expecting the boom in M&A to continue next year, fuelled by the continued availability of cheap debt.

The credit crisis has long since moved beyond the woes of investment banks forced to slash the market value of exotic securities.

Much depends on the regulators' response to the investment banks' problems.

The state guarantees for retail banking provide cheap funding for the wagers made by investment banks.

Investment banks' commitments to leveraged buyouts became liabilities.

But Bear and Lehman weren't banks, properly speaking: They were hedge funds lashed to investment banks.

For regulators, larger, diversified institutions may be more stable than investment banks but they pose an even greater systemic risk.

Moreover, investment banks are less highly valued than less glamorous commercial banks and retail brokerage firms.

Will shareholders in investment banks ever grasp that they hold a weak hand versus the interests of executive management?

In contrast, the top five asset managers command 24 per cent of their market, and for investment banks the figure rises to 34 per cent.

Investment banks are already banding together to develop alternative reporting services.

Given the rapid staff turnover at investment banks, keeping the firms' "culture carriers" on board is a perennial problem.

However, investment banks claim to have learned some lessons from LTCM.

The modern equivalent is campaign finance offered to politicians on Capitol Hill by hedge funds, investment banks and others.

The SFC can already find ways to punish investment banks that it deems as having not met the required standards.

Wall Street investment banks including JPMorgan arranged complex financing deals using swaps.

The major U. S. investment banks merged, failed, or sought a life-line from the Federal Reserve as newly converted bank holding companies.

Global investment banks have predicted a much smaller economic impact from the quake than from the snow storms in January and February.

As the credit crunch deepened, the Fed had set up a new lending facility for investment banks.

Hintz argues the rules are taking dead-aim at the ability of investment banks to act in their vital role as market makers.

In China, some warn that the country might be buffeted by speculative inflows from global hedge funds or big investment banks.

Foreign investment banks are getting browbeaten by a senior Chinese official again.

Against that backdrop, investment banks are revising their headcount requirements on almost a weekly basis.

It demonstrates that CITIC Securities has financial and business capabilities to compete with the world's leading investment banks.

Proprietary trading desks at investment banks (in-house hedge funds) have been shut down.

Commercial banks could use their capital to back up their advisory operations and outmuscle old-style investment banks.

BNP Paribas and Barclays made strong profits, thanks largely to buoyant revenues in their investment banks.

Its trading revenues are the most volatile among big investment banks and it has the most days when it loses money.

Bear's demise has rammed home the full risks of the hefty leverage and funding mismatch at big investment banks.

Like all investment banks, Deutsche Bank is cagey when it comes to revealing where it earns its money and what profit it makes.

The firms we regarded as investment banks had already become large financial conglomerates.

Investment banks make a big deal (so to speak) out of their rankings.

Blacksown restaurant chains, investment banks, PR agencies, real estate investment trusts, and architectural firms.

Yet investment banks have recently changed out of all recognition.

For most investment banks, new hires have been categorized as another 'extra' that has to go, too.

Until a couple of months ago the investment banks were flying. Profit records were smashed quarter after quarter.

the electric power and petrol industries , should develop some general business of investment banks.

The problem is not confined to commercial banks, investment banks and universal banks.

Both SocGen and rival BNP Paribas, France's two largest investment banks, have promised to curtail payouts to employees.

Commercial banks could use their capital to back up their advisory operations and out muscle old-style investment banks.

Big investment banks, with the resources to upgrade their technology and compliance, could stand to gain.