What are the four major investment banks?
Investment banking is a constantly developing industry. The business of this industry is mainly related to finance. Most financial intermediary activities belong to the business scope of investment banks. In addition to intermediary business, investment banks also play a very important role in venture capital and securities trading. In addition, investment banks carry out a series of activities such as risk-free arbitrage and risk arbitrage in the secondary market. Investment banks play multiple roles as traders, brokers and market makers in the secondary market. As a broker, the investment bank represents the buyer or seller and trading agent according to the price proposed by the customer; Investment banks, as dealers, need to buy and sell securities themselves. Because investment banks accept clients' entrustment and manage a large number of assets, they must ensure the preservation and appreciation of these funds. As a market maker, after the completion of securities underwriting, investment banks have the responsibility to create a 1 liquid secondary market for securities and maintain the stability of market prices.