Industry Analysis & Industry Trends
The Investment Banking and Securities Broking industry successfully rode out the financial storm that raged from 2007-08 to 2009-10. However, performance has not been the same since. When the subprime crisis arrived in early 2008, sharemarkets plummeted, borrowing costs rose, and overall corporate activity decreased as lending dried up and business confidence evaporated. This caused industry revenue to fall dramatically. Macquarie reported its first drop in profits in over 17 years, and Babcock & Brown ended up in the hands of administrators. Several securities broking firms either collapsed or were acquired.
It was a long time coming before investment banks experienced a pickup in activity and reported strong growth in 2010-11... purchase to read more
Industry Report - Industry Products Chapter
The major services offered by investment banks and stockbrokers are fund management, broking services and core investment banking services (covering capital and debt raising, merger and acquisition activity, and corporate advisory). Investment banks and brokers may also undertake proprietary (or principal) trading on their own account.
Institutional, corporate and private clients
Investment banks and stockbrokers actively manage funds and execute trades for institutional, corporate and private clients. Trading takes place in a range of stock market and over-the-counter financial instruments... purchase to read more