investment bank
Underwrites corporate securities
An investment bank is a financial institution that helps companies and governments raise capital by underwriting and selling securities.
Unlike commercial banks, investment banks don't take deposits from ordinary customers.
They handle large transactions: mergers and acquisitions, initial public offerings, and trading in stocks and bonds.
Goldman Sachs and Morgan Stanley are major investment banks.
Risk evaluation and acceptance
- mergersCorporate consolidations
- acquisitionsThings newly gained
- IPOFirst public stock offering
- advisoryNotice recommending action
restructuring · syndication · due diligence · valuation · spin-off · leveraged buyout · recapitalization · bridge financing
Small specialized retail shop
- front officeAdministrative headquarters of organization
- back officeInternal administrative functions
- trading floorExchange transaction area
- analystOne who examines systematically
associate · managing director · tombstone · league tables · Wall Street · City of London · Goldman Sachs · Morgan Stanley
Ties that unite
- equitiesOwnership stakes in corporations
- derivativesThings derived from another
- fixed incomeStable recurring revenue
- corporate bondsDebt issued by businesses
municipal bonds · treasury bonds · convertibles · credit default swaps
Legally owned, restricted use
- algorithmicFollowing programmed steps
- high-frequencyRapid oscillation rate
- arbitrageExploiting price discrepancies
- executionCompleting a planned task
forex · commodities · futures · options · swaps · clearing · settlement · risk management
underwriting
Risk evaluation and acceptance
- mergersCorporate consolidations
- acquisitionsThings newly gained
- IPOFirst public stock offering
advisory · restructuring · syndication · due diligence · valuation · spin-off · leveraged buyout · recapitalization · bridge financing
boutique
Small specialized retail shop
- front officeAdministrative headquarters of organization
- back officeInternal administrative functions
- trading floorExchange transaction area
analyst · associate · managing director · tombstone · league tables · Wall Street · City of London · Goldman Sachs · Morgan Stanley
bonds
Ties that unite
- equitiesOwnership stakes in corporations
- derivativesThings derived from another
- fixed incomeStable recurring revenue
corporate bonds · municipal bonds · treasury bonds · convertibles · credit default swaps
proprietary
Legally owned, restricted use
- algorithmicFollowing programmed steps
- high-frequencyRapid oscillation rate
- arbitrageExploiting price discrepancies
execution · forex · commodities · futures · options · swaps · clearing · settlement · risk management
- bankingbanks, ATM, ATMs, account, accounts
- financeCFO, banks, controller, finance, treasurer
- business districtfinancial district, CBD, office building, office tower, skyscraper
- economic entitiesbusiness, company, corporation, firm, enterprise
- Financial HubsWall Street, City of London, Frankfurt, Zurich, Singapore
- financial institutionsbanks, commercial banks, credit unions, savings and loan, savings banks
investment bankretail bank
Bank serving individual customers
commercial bank · savings bank · community bank · credit union · building society
bank, investment, investor, invested, investing, investments, investors, divestment, reinvestment