Section 3. Finance r opportuniti : universal Banks In the previous section we've learned about commercial banks and investment banks. A universal...
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Section 3.4.Financer opportuniti: universal BanksIn the previous section we've learned about commercial banks and investment banks. A universal bank is a bank that has both commercial bank and investment bank divisions. The followinggraphic is a broad illustration of the divisions of a typical universal bank:UniversalbankCommercial bankInvestment bankCorporate financeMarketsInvestmentWealthmanagementmanagementUnderwritingSalesAdvisoryTradingResearchStructuringSome examples of universal banks are as follows:Bank of AmericaWell FargoCitigroupBarclaysRoyal Bank of CanadaHSBCCredit SuisseJP Morgan ChaseAnd many others!Note that not all banks are universal banks. Some banks are only commercial banks and other banks are only investment banks. For example, Valley National Bank is only a commercial bank. Asanother example, Morgan Stanley is only an investment bank.Note as well that not all investment banks provide all of the services listed above (corporate finance, markets, investment management, and wealth management). Some do - these are known asfull service investment banks. Examples of full-service investment banks include Goldman Sachs and Morgan Stanley. Others do not - these are known as boutique investment banks. Examples
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