Fundamentals of Corporate Finance (4th Edition) (Berk, DeMarzo & Harford, The Corporate Finance Series)
Fundamentals of Corporate Finance (4th Edition) (Berk, DeMarzo & Harford, The Corporate Finance Series)
4th Edition
ISBN: 9780134475561
Author: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Publisher: PEARSON
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Chapter 1, Problem 24P
Summary Introduction

Investment Banks:

An investment bank is a financial institution that provides a variety of complex and large financial services to big clients such as the assisting in merger and acquisition, broking and financial advisory services to the institutional clients, underwriting services to the companies issuing shares for the first time, intermediary services between the investors and the companies and so on. Few of the big investment banks include Goldman Sachs, Morgan Stanley, Citibank, J P Morgan and so on.

To Identify:

The role of investment banks in the economy.

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