What are the four main types of investment banks in the world?

June 13, 2020

(1) independent professional investment bank. This form of investment bank widely exists all over the world. Goldman Sachs, Merrill Lynch, Lehman Brothers, Morgan Stanley, First Boston, Nomura Securities, Daiwa Securities, Nikko Securities, Yamaichi securities, Huabao company in the UK and Baoyuan company all belong to this type, and they all have their own expertise To.

(2) Investment Bank (Merchant Bank) owned by commercial bank. This kind of investment bank mainly refers to the commercial banks that engage in the business banking and investment banking business in the form of merger, acquisition, equity participation or establishment of their own subsidiaries. This form of investment bank is very typical in Britain, Germany and other countries.

(3) universal banks directly operate investment banking business. This type of investment bank is mainly in continental Europe, they are engaged in both investment banking business and general commercial banking business.

(4) financial companies set up by some large multinational companies. Although the outbreak of the financial crisis in 2008 led to the bankruptcy of Merrill Lynch and Lehman, Goldman Sachs and Morgan Stanley also transformed into financial holding companies.

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