U.S.-based investment banks have undergone what many would consider substantive changes in the last
eleven years, over the period 2007 to 2018. This period coincides with the Great Recession, which was a
significant driver of changes to investment bank business and characteristics. Such changes include
wider fluctuations in mergers and acquisitions, reduced initial public offering underwriting, reductions in
staffing, and associated impact on investment bank balance sheets.
For this case study, address the following items:
- Identify one of the top ten investments banks as of 2018.
- Provide a concise description of the bank’s core competency with examples of recent activities
or transactions. Be sure to provide specific $ data on the magnitude of the bank’s recent
activities. - How has the size of your selected investment bank changed in the last decade? Use $ valuations
to illustrate the change. In which investment bank functions did their overall business increase
and/or decrease?
Sample Solution