investment banks
Corporate finance intermediaries
Investment banks are financial institutions that help companies and governments raise capital by underwriting and selling securities.
They advise on mergers and acquisitions, facilitate large transactions, and trade securities for clients and their own accounts.
Unlike commercial banks, they don't take deposits from ordinary customers: Goldman Sachs and Morgan Stanley are the most prominent investment banks on Wall Street.
Risk evaluation and acceptance
- mergersCorporate consolidations
- acquisitionsThings newly gained
- IPOFirst public stock offering
- advisoryNotice recommending action
corporate finance · capital markets · private equity · asset management · debt financing · restructuring · due diligence · syndication
Ties that unite
- fixed incomeStable recurring revenue
- yieldProduce or relinquish
- couponCertificate for reduced price
- maturityFull growth achieved
treasury · corporate bonds · municipal bonds · sovereign debt · junk bonds · credit rating · principal · callable
Things derived from another
- optionsAvailable courses of action
- futuresContracts for future delivery
- forexCurrency trading market
- commoditiesTradeable raw materials
algorithmic trading · high-frequency trading · arbitrage · execution · liquidity · leverage · margin · risk management
Investment banking powerhouse
- Morgan StanleyFinancial services multinational
- CitigroupAmerican banking conglomerate
- BarclaysBritish multinational bank
- boutiqueSmall specialized retail shop
Wall Street · City of London · dealmaker · managing director · analyst · associate · vice president · front office
Ownership stakes or inventory
- sharesUnits of company ownership
- equitiesOwnership stakes in corporations
- dividendsProfits paid to shareholders
- blue-chipFinancially stable and reputable
market capitalization · ticker · price-to-earnings · stock split · dividend yield · bull market · bear market · roadshow
underwriting
Risk evaluation and acceptance
- mergersCorporate consolidations
- acquisitionsThings newly gained
- IPOFirst public stock offering
advisory · corporate finance · capital markets · private equity · asset management · debt financing · restructuring · due diligence · syndication · leveraged buyout
bonds
Ties that unite
- fixed incomeStable recurring revenue
- yieldProduce or relinquish
- couponCertificate for reduced price
maturity · treasury · corporate bonds · municipal bonds · sovereign debt · junk bonds · credit rating · principal · callable · debenture
derivatives
Things derived from another
commodities · algorithmic trading · high-frequency trading · arbitrage · execution · liquidity · leverage · margin · risk management · quantitative
Goldman Sachs
Investment banking powerhouse
- Morgan StanleyFinancial services multinational
- CitigroupAmerican banking conglomerate
- BarclaysBritish multinational bank
boutique · Wall Street · City of London · dealmaker · managing director · analyst · associate · vice president · front office · trading floor
stocks
Ownership stakes or inventory
- sharesUnits of company ownership
- equitiesOwnership stakes in corporations
- dividendsProfits paid to shareholders
blue-chip · market capitalization · ticker · price-to-earnings · stock split · dividend yield · bull market · bear market · roadshow · valuation
- financeCFO, banks, controller, finance, treasurer
- competitive organizationssports teams, corporations, political parties, sports leagues, tech companies
- Finance WorldWall Street, stock exchange, stock exchanges, banks, central banks
- investingstocks, stock, bonds, investments, shares
- investmentfinancier, backer, FDI, seed funding, equity stake
- Banking Historycentral banks, Federal Reserve, gold standard, Glass-Steagall, FDIC
investment banksretail banks
Banks for ordinary depositors
commercial banks · community banks · savings banks · building societies · credit unions
bank, invest, investment, banker, banking, investor, invested, investing, investors