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  • Investment Banks: Roles, Services, and Market Impact in 40 Characters

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    Amit Kumar Singh
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    This document provides an overview of the services offered by investment banks. It discusses their main business lines which include underwriting equity and debt capital markets, mergers and acquisitions advisory, and sales/trading. It also mentions the types of investment banks such as bulge bracket banks that offer full services and boutique banks that focus only on certain services. Additionally, it briefly introduces concepts from information economics literature around the role of intermediaries in reducing information asymmetry and increasing market efficiency.

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    9th oct

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    This document provides an overview of the services offered by investment banks. It discusses their main business lines which include underwriting equity and debt capital markets, mergers and acquisitions advisory, and sales/trading. It also mentions the types of investment banks such as bulge bracket banks that offer full services and boutique banks that focus only on certain services. Additionally, it briefly introduces concepts from information economics literature around the role of intermediaries in reducing information asymmetry and increasing market efficiency.

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    12 Ansichten2 Seiten

    Investment Banks: Roles, Services, and Market Impact in 40 Characters

    Hochgeladen von

    Amit Kumar Singh
    This document provides an overview of the services offered by investment banks. It discusses their main business lines which include underwriting equity and debt capital markets, mergers and acquisitions advisory, and sales/trading. It also mentions the types of investment banks such as bulge bracket banks that offer full services and boutique banks that focus only on certain services. Additionally, it briefly introduces concepts from information economics literature around the role of intermediaries in reducing information asymmetry and increasing market efficiency.

    Copyright:

    © All Rights Reserved
    Als DOCX, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 2

    Investment banks:

    Equity capital markets ECM underwriting and issue management


    Debt Markets DCM
    Currency & Commodities FICC
    Valuation Adivisory
    Tax Adivsory
    M&A and Restructuring advisory
    Credit rating Adivisry
    PE , VC and HF
    Sales , Trading Brokerage , Risk management
    SWF
    PMS

    1. Fund based (risk)


    2. Fee based
    http://markets.ft.com/investmentBanking/tablesAndTrends.as
    p
    top 10 investment banks Bulge Bracket Big full service
    Boutique IBs operater only in some

    Equity capital markets:


    1. Note on IPO process
    Why do firms exist?

    Sir Ronald coase Industri organization TCE


    Williamson

    Faci

    Information asymmetry
    Adverse selection / moral hazard
    Function of intermediaries reduce efficiency

    IBs add to volatility of the markets


    IBs bring in efficiency to the market
    Absence of arbitragem leads to market efficiency
    Freash water economics Vs salt water economics - Google
    this time is different , Too big to fail TBTF
    there is nothing right on the left
    and there is nothing left on the right -2007 crisis
    Glass stegall act , DODD Frank act , Jobs Act

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