17
Investment Banking
Chapter Objectives
This chapter will enable you to develop an understanding of the following:
Investment banks
Functions of investment banks
Types of investment banks
Investment-banking services
Merchant-banking services
INTRODUCTION
Investment banks are financial intermediaries in the business of providing investment and financial advisory services to companies, governments and institutional investors. Investment banks issue securities on behalf of both public as well as private companies, trade securities in the primary and secondary markets on behalf of individual and institutional investors, manage portfolios for high net-worth clients and corporates, and provide financial advisory services to corporates, private ...
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