What Is an Investment Bank?
Institutions include pension funds that manage other people's money.
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1.Who are the main customers of an investment bank?
Institutions include pension funds that manage other people's money.
2.What is underwriting?
When a company sells shares to the public for the first time, that is an IPO.
3.Which is one of the three main jobs of an investment bank?
The other two are underwriting and advice on mergers and acquisitions.
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Sources (5)
- Federal Reserve History: Glass-Steagall Act
- Federal Reserve Board: Pressemitteilung 21.9.2008, Goldman Sachs
- Federal Reserve History: The Great Recession and Its Aftermath
- Corporate Finance Institute: Investment Banking Overview - Roles, Services & Career Path
- Eigene Berechnung (synthetische Rechenbeispiele)
Education only. Not financial advice.