An investment bank, says Wikipedia, is a financial institution that assists individuals, corporations, and governments in raising capital by underwriting and/or acting as the client’s agent in the issuance of securities. An investment bank may also assist companies involved in mergers and acquisitions and provide ancillary services such as market making, trading of derivatives and equity securities, and Fixed Income services. Doing this as a career is investment banking. Unlike commercial and retail banking, investment banking does not involve taking deposits. Prior to the coming of age of investment banking in Nigeria, there was what was called merchant banking which […]