The industry, when classified on the basis of size, would comprise the larger players like Goldman Sachs, Merrill Lynch, Morgan Stanley, Credit Suisse First Boston, Citigroup’s Global Corporate Investment Bank, ICICI Securities Limited, among others. The complete list of I-Banks is more extensive, but the company’s listed above complete for the biggest deals worldwide.
Many an I-Banking interwee asks, “Which company is the best?” The answer, like many things in life, is unclear. There are many ways to measure the quality of investment banks.
One might examine a banks expertise in certain segment on investment banking. For example, Citigroup was top in 2003 in total debt and equity underwriting volume, but trailed Goldman Sachs mergers and acquisitions (M & A) advisory. Goldman Sachs has an enormous reputation in equity underwriting and M & A advisory but is not as strong as debt issuance.
When viewed from the viewpoint of providing pure investment banking services as compared to a mix of financial services, Goldman Sachs is an example of a bank dealing in exclusively Investment Banking Services. JP Morgan Chase and Deutsche Bank, on the other hand, have diversified by providing a combination of Investment and Commercial banking services.
Many an I-Banking interwee asks, “Which company is the best?” The answer, like many things in life, is unclear. There are many ways to measure the quality of investment banks.
One might examine a banks expertise in certain segment on investment banking. For example, Citigroup was top in 2003 in total debt and equity underwriting volume, but trailed Goldman Sachs mergers and acquisitions (M & A) advisory. Goldman Sachs has an enormous reputation in equity underwriting and M & A advisory but is not as strong as debt issuance.
When viewed from the viewpoint of providing pure investment banking services as compared to a mix of financial services, Goldman Sachs is an example of a bank dealing in exclusively Investment Banking Services. JP Morgan Chase and Deutsche Bank, on the other hand, have diversified by providing a combination of Investment and Commercial banking services.