Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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What is investment bank?
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Step 1
Investment bank:
An investment bank (IB) is an intermediary of finance that does a diverse service. Most of the investment banks concentrate in big and difficult financial dealings, like guaranteeing, performing as an middleman among an issuer of securities and the capitalizing public, facilitating mergers and other corporation restructurings and performing as a agent or financial consultant for institutional customers.
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