marktan
New Member
- Joined
- Aug 28, 2017
- Messages
- 7,078
I have a hard time believing that, but nevermind.
Please do all you like, I‘m happy to expand your lacking knowledge on banking, which seems to steem from some weird mixture of American pre-1999 knowledge and Hollywood movies.
Please do then. Ideally with a reasonable amount of depth.
You clearly don't understand investment banking at all if you think most of it is betting, which I presume is your way of saying buying/selling stocks, commodities etc the way those firms do in films like Wall Street etc. That's trading which is a subsection of IB. Investment banking is on the whole very varied and is very important to the running of the financial system. They deal with things like underwriting IPOs, debt raising for business / dealing bonds (like getting a mortgage but on a larger scale), dealing with mergers and acquisitions and more. It's crucial to the running of our society today, especially for large businesses, and it's very very false to say the world could've done without for the past 100 years. It exists because there's a need for it. I understand it's fashionable to say 'let's bash bankers', but without understanding what IB actually is it justs comes across as uninformed.