Hi shoaib,
Investment Banking: Overview
http://www.careers-in-finance.com/ib.htm
"Investment Banks help companies and governments issue securities,
help investors purchase securities, manage financial assets, trade
securities and provide financial advice. The leading investment banks
including Merrill Lynch, Salomon Smith Barney, Morgan Stanley Dean
Witter and Goldman Sachs are said to be in the bulge bracket.
Other investment banks are regionally oriented or situated in the
middle market (e.g. Piper Jaffray). Others are small, specialized
firms called boutiques which might be oriented toward bond-trading,
M&A advisory, technical analysis or program trading. Firms have lots
of different areas and groups within them. In most firms, there is
sales and trading which works with owners of securities, investment
banking which works with issuers of securities (firms and governments)
and capital markets which goes in between the other two."
tlspiegel
Google Answers Researcher |
