Earlier in this chapter, we said that there are two types of banking, commercial and investment banking. We discussed the potential impact of blockchain technology on traditional commercial banking services, but we didn't say much about investment banking.
We'll do that briefly in this section.
Investment banks typically have the following core business lines:
- Capital markets: Issuing stocks and bonds to raise capital for their corporate clients on the primary market, selling them to investors, and trading them on the secondary market for clients or for the bank's own account
- Advisory services: Consulting companies in times of specialized processes such as mergers and acquisitions, as well as corporate restructuring
- Asset management: Managing clients' funds professionally in an investment portfolio
OK, let's examine...