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Investment Banking

Investment Banking

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Published by medany2000

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Categories:Topics, Art & Design
Published by: medany2000 on Aug 21, 2010
Copyright:Attribution Non-commercial

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04/05/2014

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INVESTMENT BANKING
An investment banking is a financial institutionthat raises capital, trades securities andmanages corporate mergers and acquisitions.
Another term for investment banking iscorporate finance.
 
H
ISTORY
´
T
he Banking act 1933 was a law that established the FederalDeposit Insurance Corporation (FDIC) in the United States andintroduced banking reforms, some of which were designed tocontrol speculationIt is most commonly known as the Glass²Steagall Act, after its legislative sponsors, Carter Glass and HenryB. Steagall.
´
Glass²SteagallAct was a reaction to the collapse of a largeportion of the American commercial banking system in early1933. It introduced the separation of bank types according totheir business (commercial and investment banking),
´
T
he Glass-Steagall Act prohibited any one institution from acting as any combination of an investment bank, a commercial bank,and/or an insurance company.
´
it had a stronger impact on US banking regulation
´
It was established on June 16, 1933
1.GlasSteagall Act
 
2.
T
H
E GRAMM-LEAC
H
-BLILEY ACT
´
T
he Gramm-Leach-Bliley Act allowed commercial banks,investment banks, securities firms and insurancecompanies to consolidate. For example, Citicorp (acommercial bank holding company) merged with
T
ravelersGroup (an insurance company) in 1998 to form theconglomerate Citigroup.
´
Large financial-services conglomerates combinecommercial banking and investment banking, andsometimes insurance. Such combinations were common inEurope but illegal in the United States prior to passage of the Gramm-Leach-Bliley Act of 1999.
´
T
he Gramm-Leach-Bliley Act (GLBA), also known as theFinancial Services Modernization Act of 1999
´
enacted on November12, 1999
History contd«..

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