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Investment Banking Explained
Book

Investment Banking Explained

An Insider's Guide to the Industry

McGraw-Hill, 2018 more...


Editorial Rating

7

Qualities

  • Comprehensive
  • Background
  • For Beginners

Recommendation

In this comprehensive and accessible text, retired professor and former bank executive Michel Fleuriet examines the history, traditions, models and architecture of the world of investment banking. While many observers view the sector as a quintessentially American story, Fleuriet details how its roots in fact span the globe and the centuries. This second edition highlights post-2008 regulations and evolving bank strategies and functions. Students and investment banking clients will find this a useful reference guide.

Take-Aways

  • Investment banks (IBs) serve as conduits for the capital flows and corporate finance critical to a well-functioning economy.
  • IBs help businesses raise funds through the issuance of securities in capital markets.
  • IBs trade financial instruments in the secondary market. 

About the Author

Michel Fleuriet is a retired professor at the Wharton School of Finance and a former executive at HSBC France and Merrill Lynch France.