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Investment bank |
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Investment bank Financial intermediaries who perform a variety of services, including aiding in the sale of securities, facilitating mergers and other corporate reorganizations, acting as brokers to both individual and institutional clients, and trading for their own accounts. See: Underwriters. Investment bank. An investment bank is a financial institution that helps companies take new bond or stock issues to market, usually acting as the intermediary between the issuer and investors. Investment banks may underwrite the securities by buying all the available shares at a set price and then reselling them to the public. Or the banks may act as agents for the issuer and take a commission on the securities they sell. Investment banks are also responsible for preparing the company prospectus, which presents important data about the company to potential investors. In addition, investment banks handle the sales of large blocks of previously issued securities, including sales to institutional investors, such as mutual fund companies. Unlike a commercial bank or a savings and loan company, an investment bank doesn't usually provide retail banking services to individuals. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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He joined Wachovia Corporation, formerly First Union, in 2000, following eight years building the real estate investment banking business at Prudential Securities. Salter previously served as managing director of investment banking and head of technology investment banking at Wedbush. A management shake-up at Credit Suisse First Boston, one of the nation's biggest investment banking firms, resulted in the shifting of a top executive to a newly created position away from money management. |
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