Today I was reading the Economist and a part of the article about investment banking says,
"... investment banks such as Goldman Sachs and Morgan Stanley are trying to expand into corporate lending, private banking and retail stockbroking."
Huh? I thought corporate lending was part of what i-banks do? Or does it mean GS and MS are actually lending THEIR OWN money, rather than just arranging it as what traditional i-banks do?
| +347 | Evercore Intern Seizure | 56 | 22m |
| +59 | JPM M&A is Gone??? Purely Coverage Banking??? | 30 | 2h |
| +57 | Is DCM actually underrated ? | 24 | 6h |
| +48 | Losing my personality in Banking | 9 | 6h |
| +48 | How do I understand vs. just memorizing? | 6 | 2h |
| +46 | Are all Tech / TMT groups sweaty? | 38 | 7h |
| +39 | Am I behind? 31 Year Old Analyst | 9 | 2d |
| +39 | Associate & Above IB exits | 16 | 3d |
| +32 | Incoming IB Analyst: Best Ways to Prepare? | 10 | 3h |
| +27 | Which groups are ideal for laterals? | 12 | 5h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
http://www.wallstreetoasis.com/frequently-asked-questions/industry-spec…
Piece seems to have been written by a moron. Both GS and MS have been doing private banking and corporate lending for decades.
But retail stockbroking? Is this the 1980's? Do people still do that, call people on the phone to sell them stocks? I thought I witnessed the death of that shit last decade.
Who knows how retail, retail will be. It does seem to make sense to offer a level of brokerage above the traditional wirehouses, but beneath PB/PWM, I would suspect 500k-5MM might be the sweet spot.
Necessitatibus cumque quia nostrum voluptatem aliquid. Unde iusto nemo magni minus quam exercitationem. Labore commodi ut consequuntur occaecati tempore dignissimos. Quas cupiditate non vitae nisi. Non eaque consectetur deleniti quos rerum consequatur.
Maiores soluta odio quaerat eligendi quas. Minus eveniet sequi rem ipsam autem.
Dolor ex quod eius voluptatibus. At modi unde aut commodi. Quia iste suscipit odit quas.
Quibusdam velit earum et ut. Atque autem vitae nihil natus. Et error voluptatem ut eum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...