| 作者 |
 安氏大俗商业学：什么叫投资银行? |
 |
| 所跟贴 |
安氏大俗商业学：什么叫投资银行? -- 安普若 - (948 Byte) 2004-4-14 周三, 12:28 (9554 reads) |
安普若
[博客]
[个人文集]
头衔: 海归元勋
声望: 大师
性别: 
加入时间: 2004/02/21
文章: 26038
来自: 中国美国的飞机上
海归分: 4196257
|
|
|
作者：安普若 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
投资银行(Investment Banking)职业概览
2004-2-7 15:12:16 出处：MBAjungle.com 作者：MBAjungle
Overview
In Liar"s Poker, Michael Lewis described an investment banker as "a member of a master race of deal makers." This book was written in the 1980s, and his description may be a little dramatic, but i-banking is still one of the most fast-paced and lucrative industries ever.
Investment banking is, in fact, neither investing nor banking. Broadly, investment bankers work to raise capital and provide investment advice for the bank"s clients.
The industry breaks down into three main categories:
Corporate finance (sometimes known as CorpFin), the process of raising money for corporate clients, lies at the core of the traditional investment bank.
Sales and trading is the sector of investment banking usually portrayed by Hollywood. Salespeople and traders buy and sell securities and commodities. It is a high-pressure, market-driven culture.
Research analysts generally focus on either fixed income or equity. They work to predict the movement of specific stocks, and their advice is extremely powerful in the industry.
Major Players
The "bulge bracket" consists of the largest of the full-service investment banks. Top-tier names include Merrill Lynch, Morgan Stanley, Goldman Sachs, Salomon Smith Barney, Lehman Brothers, UBS Warburg, Credit Suisse First Boston, Deutsche Bank, and J.P. Morgan Chase.
Trends
In the last weeks of 1999, the Glass-Steagall Act was repealed. Created in the wake of the 1929 stock market crash, this law was intended to separate commercial banking from investment banking. Investment banks have been lobbying against the act for years, hoping to become one-stop shops for financial services. Their wish finally came true, and there have since been many mergers.
More and more investment banks are creating their own private equity funds. Although they started the VC industry in the 1960s, private firms took over in the "70s and "80s. The "90s began to see more and more I-banks creating their own investment funds once again.
Some of the large investment banks have joined forces. Morgan Stanley Dean Witter merged with Discover, and Salomon Brothers and Smith Barney have become Salomon Smith Barney, which is now part of Citigroup. Credit Suisse First Boston forked over more than $11 billion to acquire Donaldson, Lufkin & Jenrette, and Chase and J.P. Morgan merged to form J.P. Morgan Chase & Co.
作者：安普若 在 海归商务 发贴, 来自【海归网】 http://www.haiguinet.com
|
|
|
| 返回顶端 |
|
 |
|
-
 安氏大俗商业学：什么叫投资银行? -- 安普若 - (948 Byte) 2004-4-14 周三, 12:28 (9554 reads) - 投资银行(Investment Banking)职业概览 -- 安普若 - (2481 Byte) 2005-1-21 周五, 02:44 (1658 reads)
|
|
|
|
您不能在本论坛发表新主题, 不能回复主题, 不能编辑自己的文章, 不能删除自己的文章, 不能发表投票, 您 不可以 发表活动帖子在本论坛, 不能添加附件不能下载文件, |
|
|
