Several things, actually. Below we break down each of the major functions of the investment bank, and provide a brief review of the changes that have shaped the investment banking industry through the aftermath of the 2008 financial crisis. Click on each section to learn more.
Raising Capital & Security Underwriting. Banks are middlemen between a company that wants to issue new securities and the buying public. Mergers & Acquisitions. Banks advise buyers and sellers on business valuation, negotiation, pricing and structuring of transactions, as well as procedure and implementation. Sales & Trading and Equity Research. Banks match up buyers and sellers as well as buy and sell securities out of their own account to facilitate the trading of securities Retail and Commercial Banking. After the repeal of Glass-Steagall in 1999, investment banks now offer traditionally off-limits services like commercial banking. Front office vs back office. While the sexier functions like M&A advisory are “front office,” other functions like risk management, financial control, corporate treasury, corporate strategy, compliance, operations and technology are critical back office functions. History of the industry. The industry has changed dramatically since John Pierpont Morgan had to personally bail out the United States from the Panic of 1907. We survey the important evolution in this section. After the 2008 financial crisis. The industry was shaken to the core during and after the financial crisis that gripped the world in 2008. How has the industry changed and where is it going? Original Article: https://www.wallstreetprep.com/knowledge/about-investment-banking/ What is 'Wealth Management'Wealth management is a high-level professional service that combines financial and investment advice, accounting and tax services, retirement planning and legal or estate planning for one set fee. Clients work with a single wealth manager who coordinates input from financial experts and can include coordinating advice from the client's own attorney, accountants and insurance agent. Some wealth managers also provide banking services or advice on philanthropic activities.
Read Article: http://www.investopedia.com/terms/w/wealthmanagement.asp When it comes to savings, Americans are falling short. Nearly 70% of adults have less than $1,000 in their savings accounts.
Retirement funds are looking equally bleak. In fact, about half of US families have zero retirement account savings. "Particularly the younger generation likes to think, 'I'll save more when I'm making more.' But whether you're making $50,000 a year or $200,000 a year, we all have challenges saving," says Kimmie Greene, money expert at Intuit and spokeswoman for Mint.com. "Because oftentimes what happens is, when people make more," she says, "they end up spending more." Read Entire Article: http://www.cnbc.com/2017/02/22/heres-how-much-money-you-should-have-saved-at-every-age.html IBM has struck a deal with Visa which will give all of Big Blue's Watson IoT platform customers access to the card giant's payment services, potentially turning billions of cars, fridges, sneakers and other connected devices into points of sale.
To push their shared "vision" of embedding payments into any device, the partners will offer IBM Watson IoT clients the chance to tap the Visa Token Service, which replaces sensitive payment account information found on cards with a unique digital identifier. This could see payments and commerce supported on a huge chunk of the 20 billion connected devices estimated to be in the global economy by 2020. Read Entire Article: https://www.finextra.com/newsarticle/30150/ibm-and-visa-join-forces-to-turn-billions-of-connected-devices-into-points-of-sale |
Ronald Luyo
Ronald Luyo is a wealth manager, tennis player and event planner living in New York City. Archives
April 2017
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