Monday, March 1, 2010

Investment Banking

From Wikipedia:

An investment bank is a financial institution that assists corporations and governments in raising capital by underwriting and acting as the agent in the issuance of securities. An investment bank also assists companies involved in mergers and acquisitions, divestitures, etc. Further to provide ancillary services such as market making and the trading of derivatives, fixed income instruments, foreign exchange, commodity, and equity securities.

Unlike commercial banks and retail banks, investment banks do not take deposits.

The following are the largest full-service global investment banks; Full-service investment banks usually provide both advisory and financing banking services, as well as the sales, market making, and research on a broad array of financial products including equities, credit, rates, commodities, and their derivatives.

* Bank of America (Bank of America Merrill Lynch)
* Barclays (Barclays Capital)
* BNP Paribas (BNP Paribas CIB)
* Citigroup (Citi Institutional Clients Group)
* Credit Agricole (Credit Agricole CIB)
* Credit Suisse
* Deutsche Bank
* Goldman Sachs
* JPMorgan Chase (J.P. Morgan Investment Bank)
* Morgan Stanley
* Nomura Holdings, Inc.
* UBS (UBS Investment Bank)
* RBS (RBS Global Banking and Markets)
* Wells Fargo Securities

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