Investment Bank facts
While investigating facts about Investment Banking and Investment Banker, I found out little known, but curios details like:
An investment bank that lost 66 employees on 9/11 has paid the college fees of 54 children of their fallen co-workers.
how investment banking works?
The economist Peter Schiff repeatedly warned investors in 2006 about the coming subprime mortgage crisis on various news shows and was either laughed at or shouted down by pundits who recommended investing in banks that later failed
What's investment banking?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what investment banks do. Here are 29 of the best facts about Investment Banker Salary and Investment Banking Jobs I managed to collect.
what investment bankers do?
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Warren Buffett tried to call the CEO of Bank of America to invest $5 billion after the 2008 financial crisis, only to reach Bank of America's call center where they refused to connect him
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The heir of Napoleon Bonaparte is an investment banking analyst in New York
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Gramin Shakti, a non-profit organization in Bangladesh provided solar panels for 1.5 million homes. 5 years later, the World Bank invested in less than a fraction of that, and received credit for Bangladesh's solar revolution.
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The Glass-Steagall Act kept investment banks separate from commercial banks and helped to lower/ eliminated major bank crashes until it was repealed.
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Durham, once known as America's 'Capital of the Black Middle Class' and home to the first African-American bank. From the 19th century, the city was known nationally for the unusual integration and business investments between White and Black elites and the resulting prosperity.
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Americans applying for permanent residency in Mexico have to furnish proof of having $90,000 worth bank statements or investments for the last 12 months.
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Diane Hendricks, co-founder of ABC Supply Company, almost had her business go under after a Janesville, WI bank denied their loan in the 1970's. A Beloit, WI bank stepped in and saved them. To date, Hendricks has invested millions in Beloit, while excluding Janesville almost entirely.
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The European Investment Bank is located in Luxembourg, as well as 150 other banks. It is popular for banking because of the less sticky tax laws, enabling large companies and private individuals to save a lot of money.
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In the 1960s and 1970s, women in the UK had to get their father or husband to sign for a credit card or loan because women were seen as riskier investments by banks and stores
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Goldman Sachs, the investment banking firm, specialize in helping NFL teams build new stadiums with public money for private gain, including the upcoming Carson stadium to host the San Diego Chargers and Oakland Raiders as they move to Los Angeles
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Why investment banking wso?
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There's an economic grouping called "The Next Eleven"are the eleven countries identified by Goldman Sachs investment bank and economist Jim O'Neill in a research paper as having a high potential of becoming some the world's largest economies.
Barings Bank, the world's second oldest merchant bank collapsed in 1995 after one employee's series of poor speculative investments generated losses totaling £827 million (US $1.3 billion) - source
Berkshire Hathaway earned dividends worth $3 billion from its investments in just 5 companies: American Express, Apple, Bank of America, Coca-Cola, and Wells Fargo. - source
Emmanuel Nwude and a gang of Nigerian scammers made $242 million by convincing the director of a bank to invest in a new airport
An investment banker working for the Swiss bank UBS went rouge and cost his company 2.3 billion dollars before anyone caught him. - source
When asian infrastructure investment bank?
An American Spy that betrayed the US for Israel was immediately offered an NYC Investment bank job after release
How investment banks make money?
Eric Cantor, former House majority leader, is now vice chairman of an investment bank
“coupon clipping” did not originate from shopping, but from investment bonds. You’d clip coupons to redeem at the bank for money.
A big US investment bank might need their diapers
Women constitute only around 15% of traders in investment banks, but they are better traders than men, taking less risk, making less trades, breaking less rules, but still generating more profits.
Nick Leeson, a derivatives broker who caused the collapse of the United Kingdom's oldest investment bank
