Title: Servanthood: Leadership for the Third Millennium
Author: Bennett J. Sims
The financial crisis and the fallout from the Lehman Brothersbankruptcy caused a seismic shift in the investment bankingindustry. Three of the top five investment banks in the UnitedStates disappeared, while Goldman Sachs and Morgan Stanleyconverted to commercial banking charters. Post-crisis financialregulation overhaul, including the Dodd-Frank legislation, alteredthe nature of what investment banks do and how they undertake thoseactivities, while the Volcker rule has shaken up trading deskseverywhere. The rules have changed, and The Business of InvestmentBanking, Third Edition arrives in time to better serve bankersseeking to advance their careers and students just beginningtheirs. Investment banks must now navigate the shifting regulatoryterrain, while taking full advantage of burgeoning investmentbanking opportunities. In The Business of Investment Banking, Dr.Liaw provides an inclusive, up-to-date guide to the evolvinginvestment banking industry. New topics in the Third Editioninclude: Chapters on investment banking in BRIC countries, as Brazil,Russia, India, and China now account for a quarter of the globaleconomy and present tremendous, potentially profitableopportunities to investment banks Details on the changes prompted by the financial crisis and thesubsequent regulatory and government policy changes The shift in the listing of securities away from New York toother financial centers around the world as a result of theSarbanes-Oxley Act, and how major exchanges compete for the samebusiness Expands coverage of client service related trading and primebrokerage, which can be volatile, but also highly profitable A staple of industry training programs and a valued referenceamong banking students in its first two editions, The Business ofInvestment Banking, Third Edition adds a wealth of new informationto an indispensable resource.