What is Investment Banking?

A few days ago I ran across the best definition of investment banking that I have encountered to date.

When I was fresh in the industry it was somewhat of a clouded subject for me. People would talk about “investment banking,” but what, exactly, was that? I was working for a brokerage firm at the time. Was I in investment banking, I wondered? And if not, what did investment banks do that my firm didn’t do?

The ...

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