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investment bank
(redirected from Investment banking)

    Also found in: Financial, Acronyms, Wikipedia 0.03 sec.

investment bank

Firm that originates, underwrites, and distributes new security issues of corporations and government agencies. The Banking Act of 1933 required the separation of investment banking and commercial banking functions. Investment banks operate by purchasing all the new securities issued by a corporation at one price and selling fractions of the new issue to the investing public at prices high enough to yield a profit. The investment bank is responsible for setting the public offering price, which it bases on probable demand and assessments of the economic climate. A syndicate of investment banking firms underwrites and distributes most security issues in order to divide the risk of the new issue. An initial public offering (IPO) refers to the issuance of the first public shares of a formerly nonpublic company. See also bank; central bank; savings bank; security.
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He joined Wachovia Corporation, formerly First Union, in 2000, following eight years building the real estate investment banking business at Prudential Securities.
Lehman Brothers announced that Scott Schaevitz and Lisa Beeson have ... by Real Estate Weekly
Salter previously served as managing director of investment banking and head of technology investment banking at Wedbush.
Wedbush Morgan Securities by Los Angeles Business Journal
A management shake-up at Credit Suisse First Boston, one of the nation's biggest investment banking firms, resulted in the shifting of a top executive to a newly created position away from money management.
CSFB repositions top exec by Reed, K. Terrell / Black Enterprise
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