Investment Banking Explained, Second Edition: An Insider's Guide to the Industry : An Insider's Guide to the Industry

This bookprovides a comprehensive ground-floor view of investment banking, from keyterms to advanced strategies. It reviews how investment banks are organized andthe interdependency between the various areas. Like the first edition, thesecond edition of Investment Banking Explained covers the history, key terms,structures, and strategies of investment banking and breaks the business downinto its respective specialties--from traders, brokers, and analysts torelationship managers, hedgers, and retirement planners--illustrating how eachcontributes to create value for their clients.This secondedition updates the first-edition examples and includes new strategies and newtechniques, but most important, it incorporates the regulatory changes andconsequences of the financial crisis. The authoritative guide to investment banking—updated and revised for the new financial landscape What is investment banking? How do investment bankers generate profit for their clients? What is the function of each specialty? How has the industry changed in the past decade? Investment Banking Explained answers these questions—and offers a complete overview of this complex industry. Written in accessible, easy-to-understand language, Investment Banking Explained provides everything you need to identify structures, strategies, and operational aspects of investment banking, and it offers thorough examinations of the operations of the world's most successful firms. With every chapter updated and revised, this peerless work also includes need-to-know information on all-new topics, including developing strategic relationships with large corporate clients, understanding the role of technology, finding the keys for a successful IPO, how to successfully advise a client in mergers and acquisitions, the strategies for value creation in asset management, and startup financing.The only book of its kind written by a seasoned investment banking practitioner, Investment Banking Explained delivers a complete overview of investment banking in its modern form. Whether you're in the business or planning to launch an investment banking career, this comprehensive guide provides everything you need to succeed. The authoritative guide to investment banking—updated and revised for the new financial landscape What is investment banking? How do investment bankers generate profit for their clients? What is the function of each specialty? How has the industry changed in the past decade? Investment Banking Explained answers these questions—and offers a complete overview of this complex industry. Written in accessible, easy-to-understand language, Investment Banking Explained provides everything you need to identify structures, strategies, and operational aspects of investment banking, and it offers thorough examinations of the operations of the world's most successful firms. With every chapter updated and revised, this peerless work also includes need-to-know information on all-new topics, including developing strategic relationships with large corporate clients, understanding the role of technology, finding the keys for a successful IPO, how to successfully advise a client in mergers and acquisitions, the strategies for value creation in asset management, and startup financing. The only book of its kind written by a seasoned investment banking practitioner, Investment Banking Explained delivers a complete overview of investment banking in its modern form. Whether you’re in the business or planning to launch an investment banking career, this comprehensive guide provides everything you need to succeed. "This classic guide has been revised to provide a crystal-clear view of how investment banking works in the post-financial-crisis landscape Written in accessible, easy-to- understand language, Investment Banking Explained provides a solid foundation in the history, key terms, structures, and strategies of this complex, ever-expanding, and critically important industry. Everything you need to identify structures, strategies, and operational aspects of investment banking is here, along with deep dives into of the operations of the world's most successful firms. The only book of its kind written by a seasoned investment banking practitioner, it breaks the business down into its respective specialties -- from traders, brokers, and analysts to relationship managers, hedgers, and retirement planners -- illustrating how each contributes to the industry as a whole. Nearly every chapter has been heavily updated and/or revised. New topics including the 2008 crisis, subprime, trenching securitization of mortgage loans, and startup financing; the book also has brand-new case studies on M&A, finalizing deals, asset management, and trading"-- Provided by publisher Investment Banking Explained, Second Edition Title Page Copyright Contents Preface Chapter 1 Origins of Investment Banking Chapter 2 History of Some Key Financial Institutions and Products Chapter 3 The Business of Investment Banks Chapter 4 Charting the Course Chapter 5 The 2007-8 Financial Crisis: Causes and Consequences Chapter 6 Strategies in Relationship Management Chapter 7 Trading and Capital Markets Activities Chapter 8 Strategies in Trading Chapter 9 Equity Research Chapter 10 The Business of Equity Offerings Chapter 11 Strategies in IPOs Chapter 12 Fixed-Income Businesses Chapter 13 Strategies in Fixed Income Chapter 14 Role of Investment Banking in M&A Chapter 15 Strategies for Value in M&As Chapter 16 Synergies in M&As Chapter 17 Private Banking and Investment Management Chapter 18 Alternative Investments Conclusion Notes Index About the Author Written in accessible, easy-to-understand language, this book provides everything you need to identify structures, strategies, and operational aspects of investment banking, and it offers thorough examinations of the operations of the world's most successful firms