The Business of Investment Banking: A Comprehensive Overview / Edition 3

The Business of Investment Banking: A Comprehensive Overview / Edition 3

by K. Thomas Liaw
     
 

ISBN-10: 1118004493

ISBN-13: 9781118004494

Pub. Date: 11/01/2011

Publisher: Wiley

The financial crisis and the fallout from the Lehman Brothers bankruptcy caused a seismic shift in the investment banking industry. Three of the top five investment banks in the United States disappeared, while Goldman Sachs and Morgan Stanley converted to commercial banking charters. Post-crisis financial regulation overhaul, including the Dodd-Frank legislation,

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Overview

The financial crisis and the fallout from the Lehman Brothers bankruptcy caused a seismic shift in the investment banking industry. Three of the top five investment banks in the United States disappeared, while Goldman Sachs and Morgan Stanley converted to commercial banking charters. Post-crisis financial regulation overhaul, including the Dodd-Frank legislation, altered the nature of what investment banks do and how they undertake those activities, while the Volcker rule has shaken up trading desks everywhere. The rules have changed, and The Business of Investment Banking, Third Edition arrives in time to better serve bankers seeking to advance their careers and students just beginning theirs.

Investment banks must now navigate the shifting regulatory terrain, while taking full advantage of burgeoning investment banking opportunities. In The Business of Investment Banking, Dr. Liaw provides an inclusive, up-to-date guide to the evolving investment banking industry. New topics in the Third Edition include:

  • Chapters on investment banking in BRIC countries, as Brazil, Russia, India, and China now account for a quarter of the global economy and present tremendous, potentially profitable opportunities to investment banks

  • Details on the changes prompted by the financial crisis and the subsequent regulatory and government policy changes

  • The shift in the listing of securities away from New York to other financial centers around the world as a result of the Sarbanes-Oxley Act, and how major exchanges compete for the same business

  • Expands coverage of client service related trading and prime brokerage, which can be volatile, but also highly profitable

A staple of industry training programs and a valued reference among banking students in its first two editions, The Business of Investment Banking, Third Edition adds a wealth of new information to an indispensable resource.

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Product Details

ISBN-13:
9781118004494
Publisher:
Wiley
Publication date:
11/01/2011
Pages:
384
Sales rank:
614,728
Product dimensions:
7.10(w) x 10.10(h) x 1.50(d)

Table of Contents

Chapter 1

Introduction to Investment Banking: How the Financial Crisis and Reforms Changed the Industry 1

Chapter 2

New Investment Banking Structure: Financial Holding Companies, Full-Service, and Boutique Investment Banks 9

Chapter 3

The Structure of Investment Banks: Divisions and Services 21

Chapter 4

Investment Banking Strategies: How They Compete and Profit 37

Chapter 5

Employment Opportunities in Investment Banking 49

Chapter 6

Venture Capital and Private Equity: Direct Investing in Companies 77

Chapter 7

Mergers and Acquisitions 99

Chapter 8

Equity Underwriting and IPOs 117

Chapter 9

Debt Underwriting: Issuing Bonds 141

Chapter 10

Asset Securitization: Turning Income Streams into New Investment Vehicles 173

Chapter 11

Listing in New York, London, and Other Markets 195

Chapter 12

Trading: Market Making, Arbitrage, and Brokering 213

Chapter 13

Repurchase Agreements and Prime Brokerage 237

Chapter 14

Derivatives and Financial Engineering: Foreign Exchange, Commodities, and Interest Rates 257

Chapter 15

Investment Management for Pension Funds, Endowments, and Wealthy Families 279

Chapter 16

Securities Regulation and Ethics: The Dodd-Frank Bill and Other Key Laws 297

Chapter 17

The BRICs: Investment Banking in Brazil, Russia, and India 323

Chapter 18

The BRICs: Investment Banking in China 339

Chapter 19

Investment Banking Trends and Challenges 359

Index 367

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