- Investment banks specialize in managing complex financial transactions such as IPOs and mergers for corporate clients.
- Modern investment banking is typically a division of a bigger bank institution such as Citibank and JPMorgan Chase.
- An ethical wall' is supposed to separate investment banking activities from the company's trading division to prevent conflicts of interest.
Glossary
Investment Bank
Definition
a financial services company that acts as an intermediary in large and complex financial transactions; usually involved when a startup company prepares for its launch of an IPO and during strategic M&A; or as a broker or financial adviser for large institutional clients