Читать книгу Investment Banking For Dummies - Matthew Krantz - Страница 17

After the tumultuous changes in the investment banking business following the financial crisis of 2007 through 2009, the entire landscape changed. Following the banking crisis, investment banks needed capital. Some of the most storied investment banks, unable to raise money, merged with other banks or became commercial banks themselves. Suddenly, the financial system was comprised of behemoth banks that have the deposit-taking abilities of banks but also engage in investment banking. The result is the formation of several mega-institutions that many people fear are “too big to fail,” including the ones shown in Table 1-1.

TABLE 1-1 Among the Last Banks Standing

Firm	2018 Revenue ($ billions)
JPMorgan Chase	104.0
Bank of America	88.7
Wells Fargo	84.7
Citigroup	65.5
Morgan Stanley	40.1
Goldman Sachs	35.9

Source: S&P Global Market Intelligence