An investment bank is a financial intermediary that offers a range of services and advice to its clients. The role of an investment bank includes corporate finance, securities trading, research, investment management and international finance.
As for securities business, an financial institution which acts as an underwriter or an agent, or an intermediary between a securities issuer and investors. An investment bank is responsible for advising the company prior to the issuance of securities, preparation of offering documentation for the SEC filing, pricing recommendation, appointment of underwriters, and sale of the new issues. The investment bank also underwrites sales of previously issued securities by public or private placement, Investment banks may also act as a brokers and/or a dealer in secondary markets and provide other financial services. In Thailand, an institution is to be granted a license by the Office of the Securities and Exchange Commission to conduct the investment banking business.
A financial intermediary specialised in offering a variety of services, such as acting as a broker in share and bond deals, underwriting new security issues, facilitating mergers and other corporate reorganizations, providing long-term loans and/or equity capital, etc., rather than in lending out its own funds. More specifically, the term refers to US banks like Merrill Lynch, Goldman Sachs and Salomon Brothers which underwrite and deal in securities and do not take deposits directly from the public. In the UK investment banks are frequently known as Merchant banks. Français: Banque d’investissement Español: Banco de inversiones