Investment banking

Rare card · No. 59165

Investment banking is an advisory-based financial service primarily for corporations, governments, and institutional investors. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also provide services to companies involved in mergers and acquisitions (M&A). These services may include market making, trading of derivatives and equity securities, FICC services (fixed income instruments, currencies, and commodities), or research (macroeconomic, credit, or equity research). Most investment banks maintain prime brokerage and asset management departments alongside their investment research businesses. The industry is broken into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutique market (specialized businesses). Unlike commercial banks and retail banks, investment banks do not take deposits. The revenue...

Read on Wikipedia · Image Elembis, Public domain