The Business of investment Banking is a complete guide to the major banking activities in today's global marketplace. This convenient, one-volume reference identifies and analyzes key trends worldwide, allowing anking and finance professionals to effectively manage deals and incorporate trends into operations.

In The Business of Investment Banking, Professor K. Thomas Liaw goes beyond traditional banking topics and includes extensive coverage of rarely discussed subjects that are integral to investment banking, such as emerging markets, proprietary trading, repirchase transactions, operations, money management, and how foreign firms list on Wall Street.

Beginning with an overview, covering everything from underwriting to M&A to global presence, Liaw provides a thorough and rigorous analysis of the current market practices in all relevant business segments. He presents an investment banker's perspective on the current environment, with a detailed description of the strategic decision-making process that is crucial to successfully managing the investment bank.

This thorough guide is divided into four main sections:

* Basic business - explores venture capital investment, mergers and acquisitions, underwriting, and asset securitization

* Global perspective - detailed information about foreign listing on Wall Street, international capital markets, and emerging markets

* Trading and Risk management - extensive data on proprietary trading, repurchase aggreements, financial engineering, and money management

* Special topics - discusses clearing and settlement, securities regulation, ethics, major trends, and section 20 subsidiries.



Comprehensive, unparalleled coverage of a wide range of topics makes The Business of Investment Banking and invaluable, one-stop resource for all practicing investment banking professionals and for graduate students interested in a career in capital markets.



About the author:

K. Thomas Liaw is an associate professor of finance at St. John's University. he has written and edited several professional books and co-chairs the Annual Economics and Business Conference.

He publishes articles on finance topics in professional journals and has a consulting practice.