Investment banking is a financial service that assists companies and governments in raising capital and managing financial assets. Investment banks provide advice on mergers and acquisitions, underwriting of securities, and other financial services. Investment banks also provide services such as asset management, market making, and brokerage services.
Investment banks are typically divided into two categories: bulge bracket banks and boutique banks. Bulge bracket banks are the largest and most well-known investment banks, and they typically provide a wide range of services. Boutique banks are smaller and more specialized, and they typically focus on a specific area of investment banking.
Some of the major investment banks include Goldman Sachs, Morgan Stanley, JPMorgan Chase, Bank of America Merrill Lynch, Citigroup, and Deutsche Bank. Other notable investment banks include Barclays, Credit Suisse, UBS, and Lazard. Show Less Read more