Description
Book SynopsisA comprehensive overview of investment banking for professionals and students The investment banking industry has changed dramatically since the 2008 financial crisis. Three of the top five investment banks in the United States have disappeared, while Goldman Sachs and Morgan Stanley have converted to commercial banking charters.
Table of ContentsChapter 1 Introduction to Investment Banking: How the Financial Crisis and Reforms Changed the Industry 1
Chapter 2 New Investment Banking Structure: Financial Holding Companies, Full-Service, and Boutique Investment Banks 9
Chapter 3 The Structure of Investment Banks: Divisions and Services 21
Chapter 4 Investment Banking Strategies: How They Compete and Profit 37
Chapter 5 Employment Opportunities in Investment Banking 49
Chapter 6 Venture Capital and Private Equity: Direct Investing in Companies 77
Chapter 7 Mergers and Acquisitions 99
Chapter 8 Equity Underwriting and IPOs 117
Chapter 9 Debt Underwriting: Issuing Bonds 141
Chapter 10 Asset Securitization: Turning Income Streams into New Investment Vehicles 173
Chapter 11 Listing in New York, London, and Other Markets 195
Chapter 12 Trading: Market Making, Arbitrage, and Brokering 213
Chapter 13 Repurchase Agreements and Prime Brokerage 237
Chapter 14 Derivatives and Financial Engineering: Foreign Exchange, Commodities, and Interest Rates 257
Chapter 15 Investment Management for Pension Funds, Endowments, and Wealthy Families 279
Chapter 16 Securities Regulation and Ethics: The Dodd-Frank Bill and Other Key Laws 297
Chapter 17 The BRICs: Investment Banking in Brazil, Russia, and India 323
Chapter 18 The BRICs: Investment Banking in China 339
Chapter 19 Investment Banking Trends and Challenges 359
Index 367
