To install click the Add extension button. That's it.

The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. You could also do it yourself at any point in time.

Kelly Slayton
Congratulations on this excellent venture… what a great idea!
Alexander Grigorievskiy
I use WIKI 2 every day and almost forgot how the original Wikipedia looks like.
Live Statistics
English Articles
Improved in 24 Hours
Added in 24 Hours
Show all languages
What we do. Every page goes through several hundred of perfecting techniques; in live mode. Quite the same Wikipedia. Just better.

List of investment banks

From Wikipedia, the free encyclopedia

Most large investment banks maintain central offices in financial centers. Pictured: Singapore Financial District
Most large investment banks maintain central offices in financial centers. Pictured: Singapore Financial District

The following list catalogues the largest, most profitable, and otherwise notable investment banks. This list of investment banks notes full-service banks, financial conglomerates, independent investment banks, private placement firms and notable acquired, merged, or bankrupt investment banks. As an industry it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutique market (specialized businesses).[1][2]

YouTube Encyclopedic

  • 1/5
    86 145
    93 612
    14 111
    121 265
  • ✪ Investment Banking: Industry Overview and Careers in Investment Banking
  • ✪ Investment Banking Areas Explained: Capital Markets
  • ✪ Management Consulting vs Investment Banking
  • ✪ Capital Market | Detailed Introduction | Primary & Secondary Market | Investment Banks | Part 1
  • ✪ What is Investment Banking in HINDI || Investment Banker ?| Highest Paying Jobs in India | World


Is it true that Investment Bankers are the Masters of the Universe? Probably not. Is this one end of the preferred choices for talented Business and Finance graduates? It most certainly is. Investment banks are notorious for their highly competitive working environment and long working hours for junior employees. Nevertheless they continue to be seen as one of the prime destinations for talented business and finance graduates given the excitement of working on large deals and the high pay scale that comes with this job. What is investment banking? Investment banking operations tend to be more sophisticated than traditional deposit taking - credit giving retail banking services. Investment Banks work closely with corporate clients, pension funds, financial sponsors and governments to structure and execute some of the largest transaction that we see in the news. At first Investment Bankers operated as agents for companies and institutions that required debt or equity financing. They were able to connect these entities with investors, thus enabling them to raise equity or debt. Several decades later when many companies were tempted to grow in size by acquiring some of their peers, investment bankers started offering M&A advisory services. Nowadays, they are structured in a much more sophisticated way and engage in a lot of different businesses. The four main areas of operations are Capital Markets, M&A, Sales and Trading and Asset Management. Let's try to provide a simple description of each of these areas, which will help us understand what it is that Investment Bankers actually do. People working in Capital Markets assist corporate and institutional clients in raising debt or equity capital. For example, an initial public offering of a company ,an IPO, consists of selling a significant portion of the company to a wide range of investors. Investment Bankers guide the company throughout the entire process, present its business to investors and study their interest in the stock in order to determine the company's value. Mergers and acquisitions, or M&A, is the most requested group in Investment Banking. A lot of graduates are fascinated by the possibility of working on multi-billion-dollar transactions that involve "Company A" acquiring "Company B". as you can imagine lose a lot of work that needs to be done in terms of valuation targeting negotiations in structure and Sales and trading go hand in hand although we're talking about two very different positions. This is the arm that is responsible for buying and selling of securities - stocks, bonds, derivatives, etc. An Investment Bank could do that on its own account or as a broker for one of its clients. Salespeople are responsible for building a bridge between the clients of the firm and its trading staff. It is the trader's job to bring buyers and sellers together so that a transaction can occur. For this service traders are paid a commission. Most Investment Banks offer Asset Management services to their clients. In the first extract of this series, we've talked about the Asset Management industry, so please take a look if you haven't already. Leading firms. The vast majority of the names in the industry are well established institutions that have solid traditions and access to an extensive network of large investors. Historically investment banking and retail banking activities were not allowed under the same roof. Such division was repealed in 1999 and since then most of the large financial conglomerates have been offering both types of service. Examples of leading global conglomerates are HSBC, JP Morgan, BNP Paribas, Mitsubishi UFJ, Barclays and so on. It is also true that some of the investment banking powerhouses preferred to continue their operations as pure investment banks without offering any type of retail banking services. Goldman Sachs, Morgan Stanley, and Lazard are an example of entities that chose the pure investment banking model. What is it like to work in investment banking? Let's start by describing the hours, shall we? First of all, we need to distinguish asset management and sales and trading jobs from the rest. as these tend to have lighter working hours. 11-12 hours on average. As you can imagine that's already different from a 9 to 5 job, however these do not even compare with the horrific hours that an M&A banker will have to endure when he or she is in "deal" mode. It is not rare to hear stories of people working for two or three days straight. Is your interest lower than it was in the beginning? Good. That means your self-preservation instincts work. However, despite the slight drawback of working time there are a ton of positive aspects to be employed in Investment Banking. Solid paychecks are probably at the top of the list. As an entry level analyst you can be paid as much as $60,000 to $70,000 plus a bonus in the region of $30,000 to $60,000. And these are just entry level figures. Another positive is that Investment Banking is a great school. You will be able to learn a lot in a very short timeframe.Moreover you will be able to meet dynamic and driven individuals, which will be a great networking opportunity. If this video did not scare you away, you can visit our web site where you will find very useful information that will help you prepare for your applications.


Largest full-service investment banks

The following are the largest full-service global investment banks; full-service investment banks usually provide both advisory and financing banking services, as well as sales, market making, and research on a broad array of financial products, including equities, credit, rates, currency, commodities, and their derivatives. The largest investment banks are noted with the following:[3][4]

Many of the largest investment banks are considered among the "Bulge Bracket banks" and as such underwrite the majority of financial transactions in the world.[5] Additionally, banks seeking more deal flow with smaller-sized deals with comparable profitability are known as "Middle Market investment banks" (known as boutique or independent investment banks).[6]

Financial conglomerates

Large financial-services conglomerates combine commercial banking, investment banking, and sometimes insurance. Such combinations were common in Europe but illegal in the United States prior to the passage of the Gramm-Leach-Bliley Act of 1999. The following are large investment banking firms (not listed above) that are affiliated with large financial institutions:[7]

Private placement firms

Private placement agents, including firms that specialize in fundraising for private equity funds:[9][10]

Notable former investment banks and brokerages

The following are notable investment banking and brokerage firms that have been liquidated, acquired or merged and no longer operate under the same name.

Firm Fate
Alex. Brown & Sons ultimately part of Deutsche Bank, survives as minor business unit
A.G. Becker & Co. acquired by Merrill Lynch in 1984
A.G. Edwards acquired by Wachovia in 2007
The Argosy Group acquired by Canadian Imperial Bank of Commerce in 1995
Babcock & Brown collapsed 2009, liquidation of its assets
BancAmerica Robertson Stephens acquired by NationsBank in 1998 and integrated into NationsBanc Montgomery Securities to form Banc of America Securities.
Barings collapsed 1995; assets acquired by ING Bank
Bear Stearns collapsed 2008; assets acquired by JPMorgan Chase
Bowles Hollowell Connor & Co. acquired by First Union in 1998
Blyth, Eastman Dillon & Co. merged with Paine Webber in 1979
Brown Bros. & Co. merged with Harriman Brothers & Company to form Brown Brothers Harriman & Co.
BT Alex. Brown acquired by Deutsche Bank to form Deutsche Bank Alex. Brown
C.E. Unterberg, Towbin acquired by Collins Stewart in 2007
Commodities Corporation acquired by Goldman Sachs and renamed Goldman Sachs Princeton in 1997
Dain Rauscher Wessels bought by Royal Bank of Canada in 2000
Dean Witter Reynolds merged with Morgan Stanley to form Morgan Stanley Dean Witter, subsequently the Dean Witter name was eliminated
Dillon, Read & Company acquired by Swiss Bank Corporation, and is ultimately part of UBS AG
Donaldson, Lufkin & Jenrette acquired by Credit Suisse in 2001
Drexel Burnham Lambert liquidated 1990
E.F. Hutton & Co. acquired by Shearson Lehman/American Express in 1988, ultimately part of Lehman Brothers
First Boston Corporation merged with Credit Suisse in 1988 to form CS First Boston, renamed "Credit Suisse First Boston" in 1996 and "Credit Suisse" in 2006
First Union Securities acquired by Wachovia in 2002 to form Wachovia Securities
G.H. Walker & Co. acquired by White Weld & Co and ultimately part of Merrill Lynch
Giuliani Capital Advisors the investment banking division of Giuliani Partners was sold to Macquarie Group in 2007
Goodbody & Co. merged into Merrill Lynch in 1970
Gruntal & Co. acquired by Ryan Beck & Co. in 2002
H.B. Hollins & Co. liquidated in 1913
Halsey, Stuart & Co. ultimately part of Wachovia
Hambrecht & Quist acquired by Chase Manhattan Bank and ultimately part of JPMorgan Chase. H&Q name continues as investment advisor
Hambros Bank acquired by Société Générale
Hayden, Stone & Co. acquired Shearson Hammill & Co. in 1974 and assumed the Shearson name. Ultimately acquired by American Express in 1981
Harriman Brothers & Company merged with Brown Bros. & Co. to form Brown Brothers Harriman & Co.
HBOS acquired by Lloyds TSB to form the Lloyds Banking Group in 2009
Hill Samuel acquired by Trustee Savings Bank (TSB) in 1987 later Lloyds TSB
Hornblower & Weeks investment bank acquired by Loeb, Rhoades & Co. and ultimately part of Shearson/American Express
J.&W. Seligman & Co. investment bank ultimately part of UBS AG; continues as asset manager
J.C. Bradford & Co. acquired by PaineWebber in 2000, ultimately part of UBS AG
John Nuveen & Co. IBD acquired by Piper Jaffray in 1999; company continues as asset management house under Nuveen Investments, which is controlled by private equity firm Madison Dearborn Partners
Keefe, Bruyette & Woods acquired by Stifel in 2012, still maintain independent branding
Kidder, Peabody & Co. acquired by General Electric Corporation in 1986, subsequently resold to PaineWebber in 1994 and ultimately part of UBS AG
Kleinwort Benson acquired by Dresdner Bank in 1995
Kuhn, Loeb & Co. ultimately part of Lehman Brothers
Llama Company ultimately defunct after departure of Alice Walton
L.F. Rothschild ultimately part of C.E. Unterberg, Towbin, with parts sold to Oppenheimer‘‘not to be confused with N.M. Rothschild, Rothschild Group; see Rothschild family
Lee, Higginson & Co. liquidated 1932
Lehman Brothers bankrupt in 2008, asset sold to Barclays Capital and Nomura Holdings
Loeb, Rhoades & Co. acquired by Shearson Hammill & Co. to form Shearson Loeb Rhoades in 1979 which was later acquired by American Express in 1981 to form Shearson/American Express
McColl Partners acquired by Deloitte in 2013 to form Deloitte Corporate Finance
Mendelssohn & Co. aryanized by the Nazis in 1938, sold in parts to Deutsche Bank
Merrill Lynch & Co. acquired by Bank of America in 2008 and integrated into Banc of America Securities to form Bank of America Merrill Lynch
Miller Buckfire & Co. acquired by Stifel in 2012, still maintains independent branding
Montgomery Securities acquired by NationsBank in 1997 and integrated into NationsBanc Capital Markets to form NationsBanc Montgomery Securities
Morgan & Cie acquired by Morgan Stanley in 1967 and incorporated as Morgan et Compagnie International in Morgan Stanley International Incorporated in 1975
Morgan Grenfell acquired by Deutsche Bank in 1990
Morgan, Harjes & Co. renamed Morgan & Cie in 1926 and acquired by Morgan Stanley in 1926
Paine Webber acquired by UBS AG
Park Ryan liquidated 1979
Prudential Securities acquired by Wachovia in 2003
Reynolds Securities merged with Dean Witter & Co. to form Dean Witter Reynolds, subsequently merged with Morgan Stanley
Robert Fleming & Co. acquired by JPMorgan Chase
Robertson Stephens acquired by BankAmerica in 1997 and integrated into BancAmerica Securities to form BancAmerica Robertson Stephens. Sold again in 1998 to BankBoston (later FleetBoston Financial and would operate as Robertson Stephens from 1998–2002, when the firm was shuttered after the collapse of the Internet bubble
Roosevelt & Son Broken up into three firms in 1934: Roosevelt & Son (liquidated), Roosevelt & Weigold (today operates as Roosevelt & Cross); and Dick & Merle Smith
Ryan Beck & Co. acquired by Stifel in 2007
S. G. Warburg & Co ultimately part of UBS AG; not to be confused with M.M. Warburg or Warburg Pincus; see Warburg family
Salomon Brothers acquired by Travelers Group in 1997, ultimately part of Citigroup
Schroders investment bank bought by Citigroup; continues as asset manager
Shearson/American Express acquired Lehman Brothers Kuhn Loeb in 1984 to form Shearson Lehman/American Express, later Shearson Lehman Hutton and Shearson Lehman Brothers
Shearson, Hammill & Co. renamed Shearson Loeb Rhoades after the 1979 acquisition of Loeb, Rhoades & Co. in 1979. Acquired by American Express in 1981 to form Shearson/American Express
Shearson Lehman Hutton renamed Shearson Lehman Brothers in 1990 and split up in 1993 with the IPO of Lehman Brothers and the sale of the retail and brokerage operations to Primerica
Soundview Technology Group ultimately part of Charles Schwab
Swiss Bank Corporation merged with Union Bank of Switzerland to form UBS AG
Union Bank of Switzerland merged with Swiss Bank Corporation to form UBS AG
Wachovia Securities acquired by Wells Fargo in 2008 and renamed Wells Fargo Securities
Wasserstein Perella & Co. bought by Dresdner Bank
Wertheim & Co. acquired by Schroders, and ultimately by Salomon Smith Barney
White Weld & Co. bought by Merrill Lynch
Wood Gundy acquired by the Canadian Imperial Bank of Commerce in 1987, operating as CIBC Wood Gundy before becoming CIBC World Markets in 1997

See also


  1. ^ "Middle Market Investment Banks List - Investment Overview". Corporate Finance Institute. December 1, 2018. Retrieved December 1, 2018.
  2. ^ Seth, Shobhit (October 6, 2017). "Should You Work At A Boutique Investment Bank?". Investopedia. Retrieved December 1, 2018.
  3. ^ "Top investment banks 2017 | Statista". Statista. Retrieved 2018-03-29.
  4. ^ Seth, Shobhit (2014-11-11). "The World's Top 10 Investment Banks". Investopedia. Retrieved 2018-03-29.
  5. ^ "Definition of "Bulge bracket" - NASDAQ Financial Glossary". Retrieved 2018-03-29.
  6. ^ "Middle Market Investment Banks List - Investment Overview". Corporate Finance Institute. December 1, 2018. Retrieved December 1, 2018.
  7. ^ Litan, Richard J. Herring and Robert E. "Financial Conglomerates: The Future of Finance?". Brookings. Retrieved 2018-03-29.
  8. ^ ABN AMRO Bank N.V. was acquired by a consortium of Fortis, RBS and Santander in October 2007. Since October 2009 ABN AMRO is owned by the state of the Netherlands
  9. ^ Dow Jones Private Equity Analyst, Special Section "Sources of Capital", page 23 "Placement Agent Ranking" Total Raised From New LPs
  10. ^ Excludes placement agent groups within large investment banks. Top Placement Agents at End of 2008. Wall Street Journal, April 22, 2009
This page was last edited on 2 March 2019, at 08:01
Basis of this page is in Wikipedia. Text is available under the CC BY-SA 3.0 Unported License. Non-text media are available under their specified licenses. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc. WIKI 2 is an independent company and has no affiliation with Wikimedia Foundation.