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Abstract

From a mere depositing and lending mechanism in the Renaissance era, the banking system evolved as a controller of international financing in the 20th century. During this evolution, many new forms of businesses developed. Investment banking was one of the most important developments, which started as a financial facilitator and transformed itself into a trusted financial advisor to the corporate world and investors. However, by the turn of the 21st century, investment banking witnessed a serious threat from commercial banks, which leveraged on their huge capital bases and networks to foray into the domain of traditional investment banking. This case study, while enabling a discussion on the strategic inflection points of the investment banking industry, prompts a debate on whether size matters for investment banks.
Location:
Industry:
Other setting(s):
2005

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Abstract

From a mere depositing and lending mechanism in the Renaissance era, the banking system evolved as a controller of international financing in the 20th century. During this evolution, many new forms of businesses developed. Investment banking was one of the most important developments, which started as a financial facilitator and transformed itself into a trusted financial advisor to the corporate world and investors. However, by the turn of the 21st century, investment banking witnessed a serious threat from commercial banks, which leveraged on their huge capital bases and networks to foray into the domain of traditional investment banking. This case study, while enabling a discussion on the strategic inflection points of the investment banking industry, prompts a debate on whether size matters for investment banks.

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Location:
Industry:
Other setting(s):
2005

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