The Business of Investment Banking: A Comprehensive Overview

THE BUSINESS INVESTMENT BANKING
The most comprehensive overview of the investment banking industry, updated and revised
For years, students and banking professionals have relied on finance professor Tom Liaw′s authoritative text, The Business of Investment Banking, for a comprehensive overview of venture capital, underwriting, mergers and acquisitions, asset securitization, financial engineering, trading, investment management, and other key topics. The investment banking industry has changed dramatically since the 2008 financial crisis. Dr. Liaw addresses these major changes in this important revision.
The recent financial regulation overhaul, including the Dodd–Frank legislation, has transformed what investment banks do and how they do it, while the Volcker rule has substantially altered the trading world. Covering the full range of investment banking activities, this completely revised and updated edition:
Addresses investment banking′s role in public and private mergers, acquisitions, divestitures, and the issuance of equity or debt securities, or a combination of both
Explains why and how banks today go beyond traditional investment banking to include trading, securitization, financial engineering, merchant banking, investment management, and securities services
Deals with how investment banks assist clients in raising capital through underwriting, purchasing the whole block of new securities from the issuer and distributing them to institutional and individual investors
Discusses the effects of the Dodd–Frank reform act, which restricted how investment banks can operate proprietary trading
No matter the area of investment banking you′re interested in, or if you just need a comprehensive overview of one of the world′s most exciting industries, you′ll find it here. Reflecting the current state of the investment banking industry, this new edition arriv es in time to better serve professionals wanting to advance their careers and students just beginning theirs.

Spis treści:
Chapter 1
Introduction to Investment Banking: How the Financial Crisis and Reforms Changed the Industry 1
Chapter 2
New Investment Banking Structure: Financial Holding Companies, Full–Service, and Boutique Investment Banks 9
Chapter 3
The Structure of Investment Banks: Divisions and Services 21
Chapter 4
Investment Banking Strategies: How They Compete and Profit 37
Chapter 5
Employment Opportunities in Investment Banking 49
Chapter 6
Venture Capital and Private Equity: Direct Investing in Companies 77
Chapter 7
Mergers and Acquisitions 99
Chapter 8
Equity Underwriting and IPOs 117
Chapter 9
Debt Underwriting: Issuing Bonds 141
Chapter 10
Asset Securitization: Turning Income Streams into New Investment Vehicles 173
Chapter 11
Listing in New York, London, and Other Markets 195
Chapter 12
Trading: Market Making, Arbitrage, and Brokering 213
Chapter 13
Repurchase Agreements and Prime Brokerage 237
Chapter 14
Derivatives and Financial Engineering: Foreign Exchange, Commodities, and Interest Rates 257
Chapter 15
Investment Management for Pension Funds, Endowments, and Wealthy Families 279
Chapter 16
Securities Regulation and Ethics: The Dodd–Frank Bill and Other Key Laws 297
Chapter 17
The BRICs: Investment Banking in Brazil, Russia, and India 323
Chapter 18
The BRICs: Investment Banking in China 339
Chapter 19
Investment Banking Trends and Challenges 359
Index 367

Nota biograficzna:
K. Thomas Liaw, PhD, is a Professor of Finance at St. John′s University. He has published several books, including Capital Markets; The Irwin Guide to Stocks, Bonds, Futures, and Options; and Investment Banking and Investment Opportunities in China. He has published articles in the areas of mergers and acquisitions, banking, swaps, repurchase agreements, and market risks. His consulting practice specializes in investment management and securities business, and he speaks on the subjects of investment banking and capital markets at corporate programs. Professor Liaw earned his doctoral degree from Northwestern University.

Okładka tylna:
THE BUSINESS INVESTMENT BANKING
The most comprehensive overview of the investment banking industry, updated and revised
For years, students and banking professionals have relied on finance professor Tom Liaw′s authoritative text, The Business of Investment Banking, for a comprehensive overview of venture capital, underwriting, mergers and acquisitions, asset securitization, financial engineering, trading, investment management, and other key topics. The investment banking industry has changed dramatically since the 2008 financial crisis. Dr. Liaw addresses these major changes in this important revision.
The recent financial regulation overhaul, including the Dodd–Frank legislation, has transformed what investment banks do and how they do it, while the Volcker rule has substantially altered the trading world. Covering the full range of investment banking activities, this completely revised and updated edition:
Addresses investment banking′s role in public and private mergers, acquisitions, divestitures, and the issuance of equity or debt securities, or a combination of both
Explains why and how banks today go beyond traditional investment banking to include trading, securitization, financial engineering, merchant banking, investment management, and securities services
Deals with how investment banks assist clients in raising capital through underwriting, purchasing the whole block of new securities from the issuer and distributing them to institutional and individual investors
Discusses the effects of the Dodd–Frank reform act, which restricted how investment banks can operate proprietary trading
No matter the area of investment banking you′re interested in, or if you just need a comprehensive overview of one of the world′s most exciting industries, you′ll find it here. Reflecting the current state of the investment banking industry, this new edition arrives in time to better serve professionals wanting to advance their careers and students just beginning theirs.