Investmentbanken are special banks for The function of Investmentbanken is the support of the trade at financial markets; they are financialintermediate thereby i.w.S.
On primary markets they employ with the emission of stranger and own capital funds, them support each other capital takers with the search for financial sources and take over by their consultation with the acquisition and sales of enterprise participation (M&A) switching achievements. On secondary markets they are active in the customer advisory service as well as order execution in the trade of securities for customers. In addition they take over the administration of an estate for customers (ate management) and are Market Maker, i.e. they act standardized goods (e.g. foreign exchange), by determining on and sales prices. The self-trade serves the liquidity in the market for the increase of the profit and the increase, whereby the trade of other market participants facilitate becomes.
In the comparison to the credit and insert business the Investmentbanking exhibits usually higher margins in addition, higher risks and a strong
Specialized Investmentbanken are, contrary to which in Germany and Switzerland the Glass Steagall act waived in the meantime had prescribed there there a strict separation from Investmentbanken and in the loan business active credit banks (Commercial bank) for Universalbanken mainly which can be found, into which more strongly spread the USA. Also in Great Britain only a comparable regulation for Merchant fell bank under Margaret Thatcher (so-called Big fear for).
Since the end of the 1980er years is an increasing assumption of Investmentbanken by Universalbanken to be observed. This is justified apart from attractiveness and the image of the business also with the fact that mixed banks for their customers can give larger warranties with emissions and take the entire Finanzierungsportfolio off. Thus Deutsche Bank 1989 Morgan Grenfell, the Dresdens bank 1995 small word Benson and 2000 boiler scale Perella, took over the WestLB 1996 Panmure Gordon (2002 resold at Lazard), the UBS S.G. being castle and Paine Webber, the Citigroup Salomon Smith Barney. Critics of this procedure are however the opinion that this beginning represents larger dangers for the independence from bank services.
Acquaintance pure and still independent Investmentbanken are Goldman Sachs & Co., Lazard, Lehman Brothers, Merrill Lynch, JP Morgan as well as Morgan Stanley.
We found here 6 articles.
I» Immobilienbanking» Instalment credit institution » Institutional investors » Investment of funds » Investmentbank » Issuing |
We found here 5 related websites.
Index | Privacy | Terms Of Use | Sitemap | Feedback