Chapter 1
Introducing Investment Banking
IN THIS CHAPTER
Understanding what investment banking is
Recognizing the critical role investment banking plays in the capital formation process
Discovering how investment banking compares with traditional banking
Finding out how investment banking operations make their money
Looking at the different types of investment banks and what they do
If you’re like most people, when you hear the term investment bank, one of a few things may cross your mind. Your eyes may glaze over as you think about mind-numbingly detailed financial statements and valuation metrics. Yawn. Or, you may think of exciting high-stakes financial maneuvers, like those out of the movie Wall Street, where well-dressed bankers treat companies like Monopoly squares to be dispassionately bought and sold.
But maybe you’re attracted to investment banking by the mental gymnastics required and the promise of big bonuses and riches to those who are in the know. And that may be why ...
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