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List Of Investment Banks is a vast field upon which modern businesses operate, and financially thrive. There are List Of Investment Banks in every corner of the world and, there are bound to be several List Of Investment Banks having several unheard names. You will notice several lists, by finance-based media, such as ‘best investment banks to work for’ or ‘best investment banks in the world’ or ‘best investment banks 2010′. However, the following is a general List Of Investment Banks that depicts the size and economic power of such financial institutes. It must be noted that the following is a list, and not a best investment banks rankings. But the names are provided due to their sheer size, reputation and upward propelling graphs. However, before we take a look at the list of best List Of Investment Banks, let us have a look at the definition of investment banks and banking.
What is an Investment Bank
An investment bank principally, aids companies, corporations and businesses in several functions such as capital raising, underwriting, generation of working capital. The basics List Of Investment Banks also involves marketing shares and securities of companies and effectively popularizing them in markets. Other functions such as mergers, acquisitions, foreign exchange, commodity and equity securities are also executed by investment banks. An important characteristic of List Of Investment Banks, is that it, principally assists corporate clients. There are very less, or almost no, individual clients. In some cases government corporations and companies and government departments have also relied on the services of List Of Investment Banks.
The Best List of Investment Banks
The following are some of the best investment banks…
Bank of America
The bank of America, is a combination of two banks Bank of Italy (founded 1904) and Nationsbank (founded 1847). This bank is one
of the oldest banks in the world and is also reputedly the second largest bank holding company in the United States, not to mention its
second largest market capitalization capacity as well. The bank is reputed to be the largest wealth manager in the investment
banking industry. The Bank of America is among the ‘big four banks’ of United States.
(Revenue: $150.45 billion, Net income: $6.276 billion, Total assets: $2.223 trillion, Total equity:$231.444 billion, Employees:
282,408)
Wells Fargo
Wells Fargo is one among the big four ones. This bank is the fourth largest bank in United States and has the third largest market
capitalization. Founded in 1852, this bank has violently fought against ill effects of the economic recession. As of 2007 it was the only
bank to carry the AAA rating which, unfortunately, has dropped as a result of the recession.
(Revenue: $98.636 billion, Profit: $12.275 billion, Total assets: $1.243 trillion, Total equity: $111.786 billion, Employees: 267300)
JPMorgan Chase
The bank is the largest one in the United States by virtue of market capitalization, and is the third largest custodian of deposits.
JPMorgan Chase is also known for its operations in hedge funds and a highly versatile sen ice base of asset management, private
wealth management and banking that is spread well over 60 countries.
(Revenue: $100.434 billion, Operating income: $48.082 billion, Profit:$11.728 billion, Total assets: $2.031 trillion, Total equity:
$165.365 billion, Employees 232,939)
Citigroup
Citigroup which is popularly known as ‘CUT’, is the world’s biggest financial service network which is spread over 140 countries. The
company is also a prominent primary dealer in US treasury securities.
(Revenue: $80.285 billion, Total assets: $2.002 trillion, Total equity: $152.700 billion, Employees: 263,000)
Some other really big banks, which cater to investments include,
Barclays
Royal Bank of Scotland
BNP Paribas
Goldman Sachs
Deutsche Bank
HSBC
UBS (UBS Investment Bank)
Credit Suisse
Morgan Stanley
Royal Bank of Canada (RBC Capital Markets)
Nomura Holdings