Chapter 7. Investment Banks
Most people are familiar with the activities of commercial banks because of the role they play in every day life. Commercial banks take deposits in the form of certificates of deposits, passbook savings accounts, and money market accounts. They use this money to provide loans. You have your checking account at a commercial bank. These borrowing and lending activities are much different from the primary activities of investment banks.
The primary role of investment banks is to help companies raise capital by issuing securities. Company managers are experts in the business activities of their particular industry. They know how to build, market, sell, and service their products. These managers are not experts in obtaining ...
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