Investment banks

The first problem is the workforce of the future as the bank dealing with the change and millennial challenge. The advances in technology and stiffer banking regulation has led to increase transparency. Banks are now looking for new ways to deliver value to clients and create a new competitive edge. The nature of the work of the bank is changing in the search for differentiation and drive to digitize the industry’s value chain, along with the skills required to deliver those services. As the banks assess their evolving role and the core skills of their employees, they must also consider broader problems about their workforce. Most banks currently rely on a quickly aging group that will turn over within a few years and needs to be replaced with…

What is an Investment Bank? What does he do? Why would a company use one? An investment bank is a financial company that assists well-to-do individuals, corporations, and governments in raising funds by underwriting or acting as an agent in issuing securities. An investment bank may also assist companies with mergers and acquisitions that may provide support services in trading of various securities. There are significate procedures put in place to help investment bankers regulate businesses…

Introduction: The investment banking industry is one of the prime destinations for talented business and finance graduates globally. As the industry is so popular, it is notorious for its highly competitive recruitment process. At present, the easiest way to enter this highly competitive industry is through the spring week programme. Almost all of the top UK based financial institutions offer spring weeks to undergraduate students including JP Morgan Chase, Morgan Stanley, Goldman Sachs, Deutshe…

LIar's poker by Michael Lewis is a non-fictional semi-autobiographical book on the Wall Street firm Salomon Brothers. The beginning of the book follows a young Michael Lewis, fresh out of school and looking for a job. By chance, he meets scouts from Salomon Brothers at a fancy dinner at St. James’s Palace. Where he is offered a spot in their training program, which he accepts. In the training program he leans about how to trade and sell bonds as well as about the firm's culture. After describing…

crash of 1929, there was a need for an act that would limit the use of bank credit for speculation and to direct bank credit into what more fruitful uses, such as industry, commerce, and agriculture. In response to these concerns, the main requirement of the Banking Act of 1933 was to separate commercial banking from investment banking. Basically, commercial banks, which took in deposits and made loans, were no longer allowed to finance or deal in securities , while investment banks, which…

Kimberly Amadeo described Bear Stearns as “an investment bank that survived the Great Depression only to succumb to the Great Recession.” Founded in 1923, Bear Stearns was a big investment bank which offered a series of financial services including, but not limited to securities, hedge funds, and brokerage. Following the real estate crisis in 2006, two of Bear Stearns hedge fund firms High-Grade Structured-Credit Strategies Fund and Enhanced Leverage Fund with investments in mortgages began to…

Competitor Analysis The competitor analysis was a critical part of this project, the selected banks were analysed for each of the products offered. The products and services offered by two banks i.e. Maybank and ICBC bank were analysed in depth, whereas the products and services provided by the other 2 banks are mentioned. Maybank (MAYBANK, 2015) Maybank services are broadly divided into the following heads. • Personal Banking • Business Banking Personal Banking • Deposits • Loans • Investment…

BDM is one of Nigerian “new generation banks” established in 1990 the bank evolved and expanded rapidly in the domestic market. The bank attains the universal banking status in 2001 as a result of policy deregulation in the Nigerian banking sector allowing Nigerian banks to operate foreign subsidiaries. As a result, the bank opens its first foreign subsidiaries in Benin in 2001. As explained by the interviewees: Democracy brought with it, an air of “business freedom” that allowed local…

GOLDMAN SACHS DEAL WITH PAULSON & CO The Issue: Goldman allegedly failed to disclose to investors that it was betting against subprime mortgage investments it pushed on clients. Essentially, according to the complaint, Goldman pushed a product designed to fail. Introduction: The Goldman Sachs Group, Inc. is an American multinational investment banking firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional…

Introduction Banks are just like a business; they are there to make money. Considering the majority of countries have their own form of currency, banks stand to earn a large return based on the transaction they perform for each of their customers. Each country around the globe can have an effect on the other financial institutions. The United States (US) recession in 2008 was felt in every part of the world, while the American people limited their spending the amount of imports and exports…