Investment Banking Training
Investment Banking Training Programs New analysts hired into the Investment Banking Division (IBD) of most investment banks are placed in an investment banking training program to give them the skills they need to succeed in the job. These programs typically start in the summer and last about 6 weeks. Analysts are given the opportunity not...
Merchant Bank
What is a Merchant Bank? In modern terms, a merchant bank is a firm or financial institution that invests equity capital directly in businesses and often provides those businesses with advisory services. A merchant bank offers the same services as an investment bank; however, it typically services smaller clients and makes direct equity investments in...
Letter of Intent (LOI)
What is a Letter of Intent (LOI)? A Letter of Intent (LOI) is a short non-binding contract that precedes a binding agreement, such as a share purchase agreement or asset purchase agreement (definitive agreements). There are some provisions, however, that are binding such as non-disclosure, exclusivity, and governing law. The main points that are typically...
Investment Banking in India
History of Investment Banking in India The history of investment banking in India traces back to when European merchant banks first established trading houses in the region in the 19th century. Since then, foreign banks (non-Indian) have dominated investment and merchant banking activities in the country. In the 1970s, the State bank of India entered...
TMT Investment Banking
What is TMT Investment Banking? TMT stands for Technology, Media, and Telecommunications, so the TMT investment banking group covers clients in those industries. Investment banking services provided to these clients include equity and debt capital raising, mergers, acquisitions, divestitures, risk management, and other advisory mandates. The TMT sector is rapidly growing and is becoming a common...
