From the category archives:

Investment Banking News

Do MBAs Make Better CEOs?

March 22, 2010

Three professors at INSEAD and University of California, Berkeley recently took a hard-nosed, statistical look at whether having an MBA actually improves a CEO’s long-term performance.
The authors sought to get past the anecdotal examples of such superstar CEOs as Bill Gates and Steve Jobs, who never even completed university. So they examined the track records [...]

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A Mega Investment Bank for Japan

April 2, 2009

Morgan Stanley and Japan’s largest commercial bank, Mitsubishi UFJ Financial Group, are aiming to create the largest investment bank in Japan, ousting Nomura Holdings from the top spot. The two companies have also agreed to combine their Japanese securities units to form the country’s third largest brokerage unit, according to a Wall Street Journal report.
Japan [...]

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Laughing All the Way to the Investment Bank

March 16, 2009

Finding a job in investment banking right now is no laughing matter. But apparently ABC TV thinks it is, and is trying to build on the angst of the current financial crisis by creating two pilot comedy shows about out-of-work investment bankers.
The first, called Pryors, reportedly includes former Frasier star Kelsey Grammer as a Wall [...]

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Return of the Personal Touch to Investment Banking

February 19, 2009

Without the lure of huge bonuses for themselves or mega-financing for their clients, many seasoned bankers are moving to smaller firms that value the advisory side of the business, according to Money online.
Smaller banks such as Greenhill, which was involved on the $43 billion Roche-Genetech deal last July, have hired ex-Lehman bankers and launched two [...]

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The Real Reason Investment Banks Collapsed

January 29, 2009

Pundits have blamed the financial crisis on many things: excessive Wall Street greed, failure to manage risk, consumers with lousy credit who couldn’t afford subprime mortgages and more. But they all miss the real reason behind the crisis, according to Jeremy Siegel, professor of finance at Wharton Business School.
Siegel was speaking in Philadelphia to launch [...]

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Why You Should Stop Reading Newspapers to Get an Investment Banking Job

January 1, 2009

The folks at mergersandinquisitions.com had an amusing take on the herd mentality recently. They reviewed the news in the mainstream media from three different periods — 1996 to 2000 tech boom, 2001-2003 dot.com crash, and 2003 to 2007 period to see how useful following the public pundits really is.
Their article was titled, Why You Should [...]

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A Lump of Coal in Your Investment Banking Stocking

December 29, 2008

The holidays are usually a happy time for investment bankers. It’s the time when year-end bonuses get doled out, bonuses that can reach 10 to 15 times annual salary. Not so this year, when a stock market crash, credit crunch and economic recession have forced many firms to cut back or eliminate bonuses, and lay [...]

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