| 单词 | investment bank |
| 释义 | investment bank investment bank A US bank that fulfils many of the functions of a UK merchant bank. It is usually one that advises on mergers and acquisitions and provides finance for industrial corporations by buying shares in a company and selling them in relatively small lots to investors. Capital provided to companies is usually long-term and based on fixed assets. In the USA, commercial banks were excluded from selling securities for many years but the law was relaxed in the late 1980s and most of the remaining restrictions were removed in 1999 (seeFinancial Services Modernization Act 1999). The financial crisis of 2008 saw the demise of several leading investment banks, notably Lehman Brothers, Bear Sterns, and Merrill Lynch. investment banking Those activities of a bank that do not involve taking deposits from or providing financial services to the general public or SMEs; typically these include arranging finance for large corporations and public bodies, assisting in mergers and acquisitions, trading on financial markets, and managing assets on behalf of investors through e.g. unit trusts or hedge funds. When these activities are short-term and high-risk in character they are often referred to disparagingly as casino banking. |
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