Investment Banking
nvestment Banking
Historically, investment banking clients were corporations, governments and pseudo governmental entities and other financial institutions. The client base is broadening and now includes both high-net-worth individuals as well as most recently the general investing public. In this way investment banks are becoming more or less complete financial service providers. Three categories of investment bank exist today:
· Universal Bank with assimilated investment banking operation
Deutsche Bank initiated the term "Universal Bank" to emphasize its competitive advantage over geographically less well-positioned firms, from both a customer and product perspective. This has provided them with cross-selling opportunities, for example by linking their lending activities to higher-margin, commission-based business to the same clients. The higher margin investment banking transactions are volatile in nature and frequency. However, the various linked activities of......
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