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Product Description
The Business of Investment Banking: A Comprehensive Overview (9781118004494): K. Thomas Liaw: Books. The financial crisis and the fallout from the Lehman Brothers bankruptcy caused a seismic shift in the investment banking industry. Three of the top five investment banks in the United States disappeared, while Goldman Sachs and Morgan Stanley converted to commercial banking charters. Post-crisis financial regulation overhaul, including the Dodd-Frank legislation, altered the nature of what investment banks do and how they undertake those activities, while the Volcker rule has shaken up trading desks everywhere. The rules have changed, and The Business of Investment Banking, Third Edition arrives in time to better serve bankers seeking to advance their careers and students just beginning theirs.Investment banks must now navigate the shifting regulatory terrain, while taking full advantage of burgeoning investment banking opportunities. In The Business of Investment Banking, Dr. Liaw provides an inclusive, up-to-date guide to the evolving investment banking industry. New topics in the Third Edition include: Chapters on investment banking in BRIC countries, as Brazil, Russia, India, and China now account for a quarter of the global economy and present tremendous, potentially profitable opportunities to investment banks Details on the changes prompted by the financial crisis and the subsequent regulatory and government policy changes The shift in the listing of securities away from New York to other financial centers around the world as a result of the Sarbanes-Oxley Act, and how major exchanges compete for the same business Expands coverage of client service related trading and prime brokerage, which can be volatile, but also highly profitableA staple of industry training programs and a valued reference among banking students in its first two editions, The Business of Investment Banking, Third Edition adds a wealth of new information to an indispensable resource.
Shipping Weight: 2 pounds
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