第6章Investment Banking Firms (一)目的与要求 1.What is the nature of the investment banking business 2.What are investment bank revenue generating activities 3.What investment banking activities requiring commitment of their own capital 4.What is the investment banker role in underwriting securities 5.What are the different types of underwriting arrangements 6. What are the differences between riskless and risk arbitrage 1. What roles do investment bankers play in mergers acquisitions 8.What is merchant banking 9.Why Investment Banking Firms create and trade risk control instruments (二)教学内容 第I节Investment Banking 1.主要内容 Investment bankers perform two general functions Repeal of Glass-Steagall Act of 1934 2基本概念和知识点 Bank-affiliated investment bank: Independent investment banks Full service investment banks ●Spread income 3.问题与应用（能力要求） What are investment bank revenue generating activities? 2Public Offering(Underwriting)of Securities 1.主要内容 Role of the underwriting of securities .Underwriting Function 2.基本概念和知识点 ●Underwriting ●Fimm-commitment o Best-efforts underwriting ●Underwriting spread ●Syndicate7 第 6 章 Investment Banking Firms （一）目的与要求 1. What is the nature of the investment banking business 2. What are investment bank revenue generating activities 3. What investment banking activities requiring commitment of their own capital 4. What is the investment banker role in underwriting securities 5. What are the different types of underwriting arrangements 6. What are the differences between riskless and risk arbitrage 7. What roles do investment bankers play in mergers & acquisitions 8. What is merchant banking 9. Why Investment Banking Firms create and trade risk control instruments （二）教学内容 第 1 节 Investment Banking 1. 主要内容 ⚫ Investment bankers perform two general functions ⚫ Repeal of Glass-Steagall Act of 1934 2. 基本概念和知识点 ⚫ Bank-affiliated investment banks ⚫ Independent investment banks ⚫ Full service investment banks ⚫ Spread income 3. 问题与应用（能力要求） ⚫ What are investment bank revenue generating activities? 第 2 节 Public Offering (Underwriting) of Securities 1. 主要内容 ⚫ Role of the underwriting of securities ⚫ Underwriting Function 2. 基本概念和知识点 ⚫ Underwriting ⚫ Firm-commitment ⚫ Best-efforts underwriting ⚫ Underwriting spread ⚫ Syndicate