FIG Investment Banking vs. FIG Corporate Banking

ibid's picture
Rank: Monkey | 40

Can anyone give me details on the difference between day-to-day responsibilities in FIG Investment Banking vs FIG Corporate Banking?

I've been told Citi FIG investment and corporate banking are unique from both other banks as well as other groups within Citi. I was told Citi integrates the two, with Corporate Banking acting as the relationship manager and managing simple credit facilities while Investment Banking models IPOs and M&A transactions.

Is this accurate? I always thought the discrepancy was the size of the companies they advise, not the actual content of their work. I apologize; this is rather confusing for me.