What is an investment bank? List of top 5 investment banks in the United States and world-famous investment banks!

investment bank (referred to as investment bank) financial service Certain activities of the company or enterprise sector, providing financial transaction advisory services for institutional investors, enterprises, governments and other clients. Traditionally, banks related to corporate financing can help raise financial capital by underwriting or acting as a client agent to issue debt or equity securities. investment bank It can also assist companies involved in M&A and provide ancillary services, such as market making, derivatives and equity securities trading, FICC services (fixed income instruments, currencies and commodities) or research (macroeconomic, credit or equity research).

The investment bank in modern sense is basically not a bank, but a professional securities institution. According to different countries or different times, the specific connotation of "investment bank" is also different. Generally, a complete investment bank includes a series of businesses such as restructuring, mergers and acquisitions, corporate financing, securities issuance, underwriting, research, securities services, investment consulting, asset management, wealth management, etc., but some are only specialized in a few aspects of business. In the Chinese context, investment banks in a narrower sense only refer to securities underwriting and M&A business. Famous financial institutions providing investment banking include JPMorgan Chase 、 HSBC Group 。 The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/touhang.html

Unlike commercial banks and retail banks, investment banks do not take deposits. Contrary to commercial or retail banks, the income model of investment banks mainly comes from collecting transaction suggestion fees. From the passing of the Glass Steagall Act in 1933 to the repeal of the Gramm Leach Bliley Act in 1999, the United States has maintained the separation of investment banks and commercial banks. Other industrialized countries, including the Group of Seven, have not maintained this separation in history. As a part of the 2010 Dodd Frank Wall Street Reform and Consumer Protection Act (2010 Dodd Frank Act), Volcker Rule advocates the institutional separation of investment banking services and commercial banks. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/touhang.html

All investment banking activities are classified as "seller" or "buyer". "Seller" refers to securities trading (such as promoting trading, market making) or securities promotion (such as underwriting, research, etc.) in cash or other securities. "Buyer" refers to providing advice to institutions that purchase investment services. Private equity funds, mutual funds, life insurance company , unit trusts and hedge funds are the most common types of buyer entities. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/touhang.html

Investment banks can also be divided into private and public functions and separated by screens to prevent information from crossing. The private sector of banks deals with private inside information that may not be publicly disclosed, while the public sector such as stock analysis deals with public information. The consultant providing investment banking services in the United States must be a licensed broker dealer and be subject to the requirements of the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA). The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/touhang.html

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/touhang.html

The largest full-service investment bank

The following list lists the largest, most profitable and other well-known investment banks. This list of investment banks lists full-service banks, financial groups, independent investment banks, private equity companies and famous investment banks that have been acquired, merged or failed. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/touhang.html

The following are the largest full-service global investment banks; Full service investment banks usually provide consulting and financing banking services, as well as the sales, market making and research of various financial products, including stocks, credit, interest rates, currencies, commodities and derivatives. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/touhang.html

1. J.P. Morgan Chase (JPMorgan Chase, USA)
2. Goldman Sachs (Goldman Sachs, USA)
3. BofA Securities (Bank of America Merrill Lynch, USA)
4. Morgan Stanley (Morgan Stanley, USA)
5. Citigroup (Citigroup, USA)
6. UBS (UBS, Switzerland)
7. Deutsche Bank (Deutsche Bank, Germany)
8. HSBC (HSBC, UK)
9. Barclays (Barclays, UK)
10. RBC Capital Markets (Royal Bank of Canada)
11. Wells Fargo Securities (Wells Fargo Securities, USA)
12. Jefferies Group (Jeffrey, USA)
13. BNP Paribas (France, France)
14. Mizuho (Mizuho, Daily)
15. Lazard (Lazard Investment Bank, USA)
16. Nomura (Nomura, Japan)
17. Evercore Partners (Permanent Nuclear Partner, USA)
18. BMO Capital Markets
19. Mitsubishi UFJ Financial Group

Many of the largest investment banks are considered to be "large banks", thus underwriting most of the world's financial transactions. In addition, banks that seek more transaction flows through smaller transactions and have comparable profitability are called "Middle Market Investment Banks" (or boutique investment banks, independent investment banks), Boutique Investment Bank）。 The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/touhang.html

Large financial groups

Large financial service groups combine commercial banks, investment banks, and sometimes insurance. This combination is common in Europe, but was illegal in the United States before the adoption of the Gramm Ritchie Billy Bill Act in 1999. The following are large investment banking companies affiliated to large financial institutions (not listed above): The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/touhang.html

• ABN AMRO
• Banca Monte dei Paschi di Siena (MPS Capital Services)
• Banco Bradesco
• Banco Santander
• Bank of China (BOC International Holdings)
• Bank of Communications (BOCOM International Holdings)
• BBVA
• Berenberg Bank
• Canadian Imperial Bank of Commerce (CIBC World Markets)
• China CITIC Bank
• China Construction Bank (CCB International Holdings)
• CIMB
• Commerzbank
• Crédit Agricole
• Daiwa Securities
• DBS Bank (Capital Markets Group)
• Desjardins Group (Desjardins Capital Markets)
• Handelsbanken
• ICICI Bank
• Industrial and Commercial Bank of China (ICBC International Holdings)
• ING Group
• Intesa Sanpaolo (Banca IMI)
• İş Bankası (Is Investment)
• Itaú Unibanco (Itaú BBA)
• BTG Pactual
• KBC Bank
• KeyCorp ( KeyBanc Capital Markets )
• Kotak Mahindra Bank
• Laurentian Bank of Canada (Laurentian Bank Securities)
• Lloyds Banking Group (Lloyds Bank Wholesale Banking & Markets)
• M&T Bank
• Macquarie Group
• Maybank
• Mediobanca
• Mizuho Financial Group
• National Bank of Canada (National Bank Financial Markets)
• Natixis
• Nordea
• PNC Financial Services (Harris Williams & Company)
• Rabobank
• RHB Bank
• Rothschild & Co
• Sanlam
• Sberbank
• Scotiabank (Scotia Capital)
• SEB
• Société Générale
• Standard Bank
• Standard Chartered Bank
• State Bank of India (SBI Capital Markets)
• Stifel Financial ( Stifel Nicolaus)
• Sumitomo Mitsui Financial Group
• SunTrust (Robinson Humphrey)
• TD Securities
• Truist Financial
• UniCredit (UBM)
• VTB Bank (VTB Capital)

Private equity companies

Private agents, including companies specializing in private equity fund raising: The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/touhang.html

• Atlantic-Pacific Capital
• Campbell Lutyens
• Cogent Partners
• Helix Associates
• J.P. Morgan Cazenove
• Park Hill Group
• Probitas Partners

Other well-known consulting and capital market companies

The following are other famous boutiques Consulting company And a list of capital market companies:

• BDO International (BDO Capital Advisors)
• Berkery, Noyes & Co
• BG Capital
• BGR Capital & Trade
• Brewin Dolphin
• Capital One ( Capital One Securities)
• Deloitte ( Deloitte Corporate Finance)
• Duff & Phelps
• Ernst & Young (Ernst & Young Capital Advisors)
• KPMG (KPMG Corporate Finance)
• Marlin & Associates
• PwC (PwC Corporate Finance)
• Roth MKM
• Sheshunoff Management Services

Well known former investment banks and brokerage firms

The following are well-known investment banks and brokerage companies that have been liquidated, acquired or merged and no longer operate under the same name.

corporate name	Ultimate destination
A.G. Becker & Co.	In 1984 Merrill Lynch buy
A.G. Edwards	In 2007, it was acquired by Wachovia
Alex. Brown & Sons	Eventually become Deutsche Bank AG Part of
The Argosy Group	In 1995, was Imperial Bank of Canada buy
Babcock & Brown	Bankruptcy in 2009, asset liquidation
BancAmerica Robertson Stephens	In 1998, it was acquired by NationsBank and merged into NationsBanc Montgomery Securities Bank of America Securities
Barings	It went bankrupt in 1995; Assets acquired by ING Bank
Bear Stearns	It went bankrupt in 2008; Assets are JPMorgan Chase buy
Blyth, Eastman Dillon & Co.	Merge with Paine Webber in 1979
Bowles Hollowell Connor & Co.	In 1998, it was acquired by First Union
Brown Bros. & Co.	In 1931, it merged with Harriman Brothers&Company to form Brown Brothers Harriman&Co
BT Alex. Brown	In 1999 Deutsche Bank Acquisition and establishment Deutsche Bank Alex. Brown
C.E. Unterberg, Towbin	In 2007, it was acquired by Collins Stewart
Commodities Corporation	In 1997, he was Goldman Sachs Acquisition renamed Goldman Sachs Princeton
Dain Rauscher Wessels	In 2000, it was Royal Bank of Canada buy
Dean Witter Reynolds	Incorporated with Mombasa Morgan Stanley Dean Witter
Dillon, Read & Company	It was acquired by Swiss Bank Corporation in 1997 and later became part of UBS AG
Donaldson, Lufkin & Jenrette	In 2001 Credit Suisse buy
Drexel Burnham Lambert	Liquidation in 1990
E.F. Hutton & Co.	In 1988, Shearson Lehman/ American Express Acquisition, eventually becoming Lehman Brothers a part
First Boston Corporation	1988 vs Credit Suisse CS First Boston was incorporated and renamed as Credit Suisse First Boston in 1996 and Credit Suisse in 2006
First Union Securities	In 2002, it was acquired by Wachovia to establish Wachovia Securities
G.H. Walker & Co.	In 1974, it was acquired by White Weld&Co and eventually became part of Merrill Lynch
Giuliani Capital Advisors	Giuliani Partners' investment banking unit, sold to Macquarie Group
Goodbody & Co.	Incorporated into Merrill Lynch in 1970
Gruntal & Co.	In 2002, it was acquired by Ryan Beck&Co
H.B. Hollins & Co.	Liquidation in 1913
Halsey, Stuart & Co.	Eventually become part of Wachovia
Hambrecht & Quist	In 1999, it was acquired by Chase Manhattan Bank and eventually became part of JPMorgan Chase
Hambros Bank	1998 Société Générale buy
Harriman Brothers & Company	In 1931, it merged with Brown Brothers&Co. to form Brown Brothers Harriman&Co
Hayden, Stone & Co.	In 1974, it acquired Shearson Hammer&Co. and adopted the name of Shearson; Finally in 1981 was American Express buy
HBOS	Acquired and established by Lloyds TSB in 2009 Lloyds Banking Group
Hill Samuel	In 1987, it was acquired by Trustee Savings Bank (TSB) and later became Lloyds TSB
Hornblower & Weeks	It was acquired by Loeb, Rhodes&Co. in 1977 and eventually became part of Shearson/American Express
J.&W. Seligman & Co.	Investment banking eventually becomes part of UBS AG
J.C. Bradford & Co.	In 2000, it was acquired by PaineWebber and eventually became part of UBS AG
John Nuveen & Co.	IBD was acquired by Piper Jaffray in 1999; The company continues to be an asset management company under Nuveen Investments, controlled by Madison Dearborn Partners, a private equity firm
Keefe, Bruyette & Woods	2012 Stifel Acquire and maintain independent brand
Kidder, Peabody & Co.	1986 General Electric Company Acquired, then resold to PaineWebber in 1994, and finally became UBS AG Part of
Kleinwort Benson	In 1995, it was acquired by Dresdner Bank
Kuhn, Loeb & Co.	Eventually became part of the Lehman Brothers
L.F. Rothschild	Finally, it became part of C.E. Unterberg, Towbin and was sold to Oppenheimer
Lee, Higginson & Co.	Liquidation in 1932
Lehman Brothers	Bankruptcy in 2008, asset sold to Barclays Capital and Nomura Holdings
Llama Company	After Alice Walton left in 1998, the company was finally dissolved
Loeb, Rhoades & Co.	It was acquired by Shearson Hammer&Co. in 1979 to establish Shearson Loeb Rhodes, and then acquired by American Express in 1981 to establish Shearson/American Express
McColl Partners	In 2013 Deloitte Acquisition Deloitte Corporate Finance
Mendelssohn & Co.	In 1938, it was nationalized by the Nazis and partly sold to Deutsche Bank AG
Merrill Lynch & Co.	In 2008 Bank of America Acquire and merge into Bank of America securities to form Bank of America Merrill Lynch
Miller Buckfire & Co.	In 2012 Stifel Acquire and maintain independent brand
Montgomery Securities	In 1997, it was acquired by NationsBank and merged into NationsBanc Capital Markets to establish NationsBanc Montgomery Securities
Morgan & Cie	It was acquired by Morgan Stanley in 1967 and renamed Morgan et Compagnie International in 1975
Monnet, Murnane & Co.	Liquidation in 1945
Morgan Grenfell	In 1990, it was acquired by Deutsche Bank
Morgan, Harjes & Co.	In 1926, it was renamed Morgan&Cie and acquired by Morgan Stanley
Paine Webber	In 2000, it was acquired by UBS AG
Park Ryan	Liquidation in 1979
Prudential Securities	In 2003, it was acquired by Wachovia
Reynolds Securities	In 1978, it merged with Dean Witter&Co. to establish Dean Witter Reynolds, and then merged with Morgan Stanley
Robert Fleming & Co.	Acquired by JPMorgan Chase in 2000
Robertson Stephens	In 1997, it was acquired by BankAmerica and merged into BancAmerica Securities to establish BancAmerica Robertson Stephens 。 In 1998, it was sold to BankBoston (later called FleetBoston Financial) again, and operated under the name of Robertson Stephens from 1998 to 2002. The company closed after the burst of the Internet bubble.
Roosevelt & Son	In 1934, it was divided into three companies: Roosevelt&Son (liquidated), Roosevelt&Weigold (now Roosevelt&Cross); And Dick&Merle Smith
Ryan Beck & Co.	In 2007, it was acquired by Stifel
S. G. Warburg & Co	Eventually become UBS Group Part of
Salomon Brothers	1997 Travelers Group Acquisition, eventually becoming part of Citigroup
Schroders	Investment bank acquired by Citigroup in 2000
Shearson/American Express	In 1984, it acquired Lehman Brothers Kuhn Loeb and founded Shearson Lehman/American Express, which later became Shearson Lehman Hutton and Shearson Lehman Brothers
Shearson, Hammill & Co.	After acquiring Loeb, Rhodes&Co. in 1979, it was renamed Shearson Loeb Rhodes; In 1981, it was acquired by American Express and founded Shearson/American Express
Shearson Lehman Hutton	It was renamed Shearson Lehman Brothers in 1990, and split in 1993 with Lehman Brothers' IPO and the sale of retail and brokerage business to Primerica
Soundview Technology Group	In 2003 Charles Schwab buy
Swiss Bank Corporation	Incorporated with Union Bank of Switzerland UBS AG
Union Bank of Switzerland	Incorporated with Union Bank of Switzerland UBS AG
Wachovia Securities	In 2008 Wells Fargo Acquisition renamed Wells Fargo Securities
Wasserstein Perella & Co.	In 2000, it was acquired by Dresdner Bank
Wertheim & Co.	Acquired by Schroders and then by Salomon Smith Barney
White Weld & Co.	Acquired by Merrill Lynch in 1978
Wood Gundy	1987 Imperial Bank of Canada Acquisition, operated under the name of CIBC Wood Gundy, and then renamed CIBC World Markets in 1997

Wish you all a smooth investment!