The Business of Investment Banking: A Comprehensive Overview

A comprehensive overview of investment banking for professionalsand students

The investment banking industry has changed dramatically sincethe 2008 financial crisis. Three of the top five investment banksin the United States have disappeared, while Goldman Sachs andMorgan Stanley have converted to commercial banking charters. ThisThird Edition of The Business of Investment Bankingexplains the changes and discusses new opportunities for studentsand professionals seeking to advance their careers in thisintensely competitive field.

The recent financial regulation overhaul, including theDodd-Frank legislation, is changing what investment banks do andhow they do it, while the Volcker rule has shaken up trading deskseverywhere.

• This new edition updates investment banking industry shifts inpractices, trends, regulations, and statistics
• Includes new chapters on investment banking in BRIC countries,as Brazil, Russia, India, and China now account for a quarter ofthe global economy
• Explains the shift in the listing of securities away from NewYork to various financial centers around the world, and how majorexchanges compete for the same business

This new edition, reflecting the current state of the investmentbanking industry, arrives in time to better serve professionalswanting to advance their careers and students just beginningtheirs.