Archive for Banks
You are browsing the archives of Banks.
How Do Investment Banks (goldman And Morgan Stanley) Accept Deposits?
According to today’s (Sept 22) NY Times, “Both banks already have limited retail deposit-taking businesses, which they plan to expand over time. Morgan Stanley had $36 billion in retail deposits as of Aug. 31 and Goldman Sachs had $20 billion in deposits. ” I thought that ony banks could accept deposits, not investment banks. (Obviously [...]
What Is An Investment Bank And How Does It Differ From Other Banks?
What does an investment banker do that other bankers do not? How is someone deemed qualified to be an investment banker?