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Investment Banking - A Industry Report

Investment Banking - A Industry Report

Executive Summary

This report seeks to present a holistic picture of the Investment Banking industry with an objective of helping the authors to shorten the induction time during their summer internship in leading investment banks. Investment banking covers a range of activities which include underwriting, selling and trading stocks and bonds, providing financial-advisory services such as mergers and acquisitions, and managing assets.
Coming a long way from its inception on the Wall Street in the 19th century, the industry recently witnessed a wave of mergers and acquisitions with the repeal of the Glass-Stegall Act in 1999. The current size of the industry, measured by the revenues of the ten largest investment banks, is close to $243 billion. The key players comprise the Bulge Bracket firms like Goldman Sachs and Merrill Lynch that provide a full range of service offerings; and Boutique firms like Soundview Technology Group, which are sm...

Posted by: Rebecca Wyant

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