Financial Institutions

1. What was the motivation behind legislation separating commercial banking and investment banking?

2. Ipora Bank conducts its business mostly by taking in deposits and then lending them out. Pando Bank earns its trade by helping corporations raise funds. If you want to open a checking account, which bank would accept your business? Which bank is not a bank in the ordinary sense?

3. What does it mean to say that investment bankers underwrite a security offering? How is this different from a best-efforts offering?

4. What are the primary services that an investment banker will provide firm issuing security?