LEARN ABOUT THE WORLD OF INVESTMENT BANKING
Investment Banks
An investment bank is a bank that provides financial services for corporate and institutional customers, such as investing and raising capital and arranging mergers and acquisitions.
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The Tier 1 investment banks include: J.P. Morgan, Goldman Sachs, Citigroup, Bank of America, Morgan Stanley
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Tier 1 investment banks are the largest globally across multiple product categories
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There are 3 types of banks...
Retail Banks
Retail banks accept deposits of money and lend it out to borrowers. An example of such in the USA is Wells Fargo and Lloyds Bank is a good example for the UK. These banks offer a wide range of services to their retail customers including savings and checking accounts, personal loans, mortgages, credit cards, and basic investment products. This is carried out typically across their large network of branches and ATMs, as well as their online and mobile banking platforms. However, the structure of retail banks vary.
Commercial Banks
Commercial banks do the same but their depositors are businesses rather than individuals. Examples of commercial banks are M&T Bank and HSBC. These banks' services include commercial lending, treasury management, cash management, merchant services, and commercial real estate financing.
Investment Banks
Investment banks provide a range of services, which varies from one organisation to another. One of their main activities is helping clients raise money through capital markets by issuing securities such as bonds and equities. These are often high net-worth individuals and organisations such as pension funds. Goldman Sachs is a well-known investment bank.