Yesterday, the company said it was shaking up its global corporate and investment banking division.
For instance, the firm is unique in that it lacks a large investment banking division.
Later in the decade, it was building and leading the entire investment banking division.
The wave of resignations following the credit crunch in the U.S. has swept across the Atlantic, claiming a victim at Barclays' investment banking division.
Barclays Capital is the investment banking division of Barclays that provides large corporate, institutional and government clients with solutions to their financing and risk management needs.
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Cruz joined Morgan Stanley in 1982 in the investment banking division, becoming a managing director in 1990, and earning the nickname "Cruz Missile" for her hard-charging style.
First, our Investment Banking Division, which is the front end of the firm and has always focused on the largest companies, is also increasingly focused on medium sized companies.
The U.S. market will also get a crack at reacting to news that UBS is preparing to ax multiple business lines and lay off 10, 000 in its investment banking division.
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Fifty one year-old Kvalheim, along with co-President Jerry del Missier, and Chief Executive Bob Diamond, is considered one of the main architects of the investment banking division of British bank Barclays.
The investment banking division, which is the motor of the group's business, posted a 57% decline in pre-tax profit to 447m euros in the final quarter, thanks to a sagging demand for debt products.
The appointment of MarcelRohnerMarcel Rohner as UBS chief executive to replace the ousted PeterWuffliPeter Wuffli signals a change of focus at the Swiss bank, toward wealth management and away from its riskier investment banking division.
But in an attempt to quash the speculation -- which had seen Barclays shares plunge by more than 12 percent -- the group stressed its Barclays Capital investment banking division was trading ahead of last year.
Analysts have taken this as a clear sign that the company will be focusing on this division after the poor performance of its investment banking division, which many have seen as the reason behind the board's decision to push Wuffli out.
During his career at the firm, he also served in various other capacities including Global Co-Head of the Investment Banking Division (1999 to 2002), Head of the Corporate Finance Department (1994 to 1999) and Head of Asia-Pacific Investment Banking (1990 to 1994).
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Its investment banking division provides debt and equity underwriting services to corporates and merger related advisory services for institutions and competes with other established investment banks such as Goldman Sachs, Morgan Stanley, Deutsche Bank, UBS and Wells Fargo.
Even Bank Vontobel, a private bank with a small investment-banking division, has been feeling the pinch.
Martin Owen, the head of the investment-banking division, NatWest Markets, has obligingly fallen on his sword.
Pandit, 50, took charge of Citi's newly organized investment-banking division in October.
That drastically changed on Monday, when UBS announced it was culling 1, 500 jobs from its investment-banking division, or 6.7% of the 22, 300 staff in the unit.
Since arriving at JPMorgan Chase through a merger in 2003, Dimon has spent hundreds of hours trying to rid the investment-banking division of unnecessary expenses and improve its performance.
With new management holding the reins -- the bank's chief executive was replaced by MarcelRohnerMarcel Rohner in July , who also took over the investment-banking division Monday from Huw Jenkins -- UBS had a "clean sheet" to work with.
With new management holding the reins -- the bank's chief executive was replaced by Marcel Rohner in July , who also took over the investment-banking division Monday from Huw Jenkins -- UBS had a "clean sheet" to work with.
"We'd like to give management the benefit of the doubt, however questions remain, " he said, adding that the bank still had exposure to subprime mortgage assets and it remains to be seen who will be appointed to permanently head the investment-banking division.
Also stepping down early is Leonhard Fischer, the head of Dresdner Bank's investment banking and markets division and a director of Allianz, the bank's parent.
Particularly disappointing was the institutional-securities (ie, investment banking and trading) division, the engine of the group.
They typically like more transparency and control of their accounts and are more technologically savvy, said Dean Athanasia, head of the banking and direct investment division in Bank of America's wealth group.
The hiring of the Morgan Stanley group is "the strongest sign of our determination to continue investing in our U.S. securities platform, " said Thomas Gahan , Deutsche Bank's head of corporate and investment banking in the Americas and the head of its Deutsche Bank Securities division.
Merrill's individual investors business, the Private Client Services division, won't hold back its stock price when investment banking firms like Goldman Sachs (nyse: GS - news - people ) and other institutional broker-dealers snapback amid a pickup in capital markets and merger and acquisition activity.
Into the good pot will go about three-quarters of the bank's existing activities, consisting mainly of its British and American banking operations, its insurance division and the less-dangerous bits of its investment bank, which is to be halved in size.
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