How Investment Banking Is Like Doing Drugs

“Doing investment banking is like doing drugs: on your good trips you dance in clouds of marshmallows, surrounded by beautiful women (or men) serving you fruit under canopies. On your bad trips you scratch your eyes out and jump off buildings.” These are the words of Brian DeChesare, The founder of Mergers & Inquisitions and Breaking Into Wall Street. As an investment banker you will work with companies, CEOs, CFOs to help grow their business. This can be helping them with buying another company

MONEY AND BANKING CONTENTS What is MONEY? 3 Characteristics of money 3 Measurements of money 4 Money and the economy 6 Relationship between Prices and Inflation 6 Why Money Supply Matters 7 Banking 8 General History 8 History in United States 8 Banking basics 9 Other Financial Institutions 9 International Banks 10 Structure of banking industry in U.S. 10 Interest Rates 11 Banking Business 11 Liquidity management by banks 11 Multiple Deposit Creation 14 Banking services 16

The Panamanian law firm has long been a well recognition across the global elite society, and the Mossack Fonseca is not also confined in its households, a huge team of hundreds of journalists . Are poring over the documents in International Consortium of Investigative Journalists and disclosed a massive 2.6-terabyte leak of confidential papers that they are calling the Panama Papers (Aljazeera.com, 2016). The firm drives its operations diversely and internationally in scope, but they are famous

is very corrupt and the officials take bribes from other officials or regular citizens in Cuba. Political corruption in Cuba is a very big issues. hI believe that all government is corrupt in some way, but it seems like Communist nations are more corrupt than capitalist nations like the U.S The Cuban government avoids taking action on big issues due to bribes from people who don't want to see any change in Cuba. The people who are bribing these officials are most likely conducting illegal activities

financial returns outside of legal practices. In the extremely competitive business world, white collar crime and other scandals are unfortunately very common. Just recently one of the United States largest banking companies, Wells Fargo, was found to have generated over 3 million fake banking or credit card accounts. The source of these fake accounts stems from lofty sales goals set by the Wells Fargo management team. As employees struggle to meet goals and keep their jobs, good people can turn to

to establish a free trade system. It covers every field of economic and social endeavors, including: textiles, agriculture, clothing, telecommunications, banking, government purchases, food sanitation regulations, services, industrial standards and intellectual property. (Americanlands) Although this organization is seemingly beneficial, like all

Solutions to Chapter 1 The Firm and the Financial Manager 1. real executive airplanes brand names financial stock investment capital budgeting financing 2. A firm might cut its labor force dramatically which could reduce immediate expenses and increase profits in the short term. Over the long term, however, the firm might not be able to serve its customers properly or it might alienate its remaining workers; if so, future profits will decrease, and the stock price will decrease

existence. The illegal profits are usually made through activities such as drug trafficking, prostitution rings, illegal arms sales, and various other things. Unfortunately money laundering is a serious crime that is still prevalent in the United States and other countries. The Russian mafia, the Triad or Chinese mafia, and the Columbian drug cartel are just a few of the groups that partake in money laundering. No one knows exactly how much money is laundered yearly but it is estimated to be about $100

could have simply chosen to do with my time, instead of reading this chapter. Because I have chosen to spend my time reading this chapter, I will be giving up, some other activities that might be more gratifying. I could have spent my time doing something else like, watch Netflix or take a nap. Therefore, the opportunity cost of reading this chapter is the time spent, plus the pleasure I relinquish by not watching a movie or taking the nap. Chapter 2 The United States is a country in witch an

LEBANESE CANADIAN BANK  RESULTS THAT SPEAK FOR THEMSELVES  Since the beginning of 2001, the Lebanese Canadian Bank has worked on strengthening its position in the banking sector by adopting an ambitious five-year business plan aimed at increasing its market share and the volume of its banking activities as well as at improving its net results. This ambitious strategy was intended to position the Bank among the “Top Ten Banks” operating in Lebanon and this was actually achieved. LCB management