In plasmas with strongly anisotropic distribution functions, collective instabilities may develop if there is sufficient coupling between the transverse and longitudinal degrees of freedom. Our previous numerical and theoretical studies of intense charged particle beams with large temperature anisotropy [E. A. Startsev, R. C. Davidson, and H. Qin, Phys. Rev. ST Accel. Beams 6, 084401 (2003); Phys. Plasmas 9, 3138 (2002)] demonstrated that a fast, electrostatic, Harris-type instability develops, and saturates nonlinearly, for sufficiently large temperature anisotropy (T⊥b/T∥b≫1). The total distribution function after saturation, however, is still far from equipartitioned. In this paper the linearized Vlasov–Maxwell equations are used to investigate detailed properties of the transverse electromagnetic Weibel-type instability for a long charge bunch propagating through a cylindrical pipe of radius rw. The kinetic stability analysis is carried out for azimuthally symmetric perturbations about a two-temperature thermal equilibrium distribution in the smooth-focusing approximation. The most unstable modes are identified, and their eigenfrequencies, radial mode structure and instability thresholds are determined. The stability analysis shows that, although there is free energy available to drive the electromagnetic Weibel instability, the finite transverse geometry of the charged particle beam introduces a large threshold value for the temperature anisotropy [(T⊥b/T∥b)Weibel≫(T⊥b/T∥b)Harris] below which the instability is absent. Hence, unlike the case of an electrically neutral plasma, the Weibel instability is not expected to play as significant a role in the process of energy isotropization of intense unneutralized charged particle beams as the electrostatic Harris-type instability.