What is investment bank?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation
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What is investment bank?

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Investment bank:

An investment bank (IB) is an intermediary of finance that does a diverse service. Most of the investment banks concentrate in big and difficult financial dealings, like guaranteeing, performing as an middleman among an issuer of securities and the capitalizing public, facilitating mergers and other corporation restructurings and performing as a agent or financial consultant for institutional customers.

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