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| Topic: |
Business
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| Number of pages / Number of words: |
14 / 3913 |
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However some firms operate as both brokerages and investment banks; this includes some of the best known financial services firms in the world.
In the strictest definition, investment banking is the raising of funds, both in debt and equity, and the division handling in an investment bank is often called the "Investment Banking Division" (IBD)...
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However, only a few small firms solely provide this service. Almost all investment banks are heavily involved in providing additional financial services for clients, such as the trading of fixed income, foreign exchange, commodity, and equity securities. It is therefore acceptable to refer to both the "Investment Banking Division" and other 'front office' divisions such as "Fixed Income" as part of "investment banking," and any employee involved in either side as an "investment banker...
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