Description: Specializing in Finance and Picking Industry Groups, Investment Banking Explained (Industry vs Product Groups), Investment Banking Explained | How does Investment Banks Work | Intellipaat, Ranking the Top Investment Banking Groups and Firms!
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An investment bank is a financial institution that assists individuals, corporations, and governments in raising financial capital by underwriting or acting as the client's agent in the issuance of securities . An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making , trading of derivatives and equity securities , and FICC services ( fixed income instruments, currencies , and commodities ).
Unlike commercial banks and retail banks , investment banks do not take deposits. From the passage of Glass–Steagall Act in 1933 until its repeal in 1999 by the Gramm–Leach–Bliley Act , the United States maintained a separation between investment banking and commercial banks. Other industrialized countries, including G7 countries, have historically not maintained such a separation. As part of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 ( Dodd-Frank Act of 2010 ), the Volcker Rule a
💡 Get the #1 Private Equity recruiting course, which comes with 3-statement LBO model tests, mega fund case studies, and headhunter coverage: https://bit.ly/PF-PrivateEquity 📚 Free recruiting resources: https://peakframeworks.com Most people in finance love the idea of optionality - the idea that you can keep your options open as you progress in your career. However, specializing early can give you a distinct advantage when recruiting because you'll have a unique skill-set and fewer competitors. Some indust