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These financial conglomerates provide a range of services, such as investment banking, commercial banking, and financial advising. These are Financial Services Corporations.
What is investment banking?
Investment banking is a particular branch of banking that deals with raising money for other businesses, governments, and other organizations. Investment banks assist in the selling of securities, underwrite new debt and equity securities for all kinds of firms, and make mergers and acquisitions, reorganizations, and broker transactions for both institutions and individual investors possible. Additionally, investment banks advise issuers on the issuance and placement of stock. There are many different positions in investment banking, such as those for consultants, banking analysts, capital market analysts, research associates, trading specialists, and many more. Each demands a certain set of qualifications and training.
Any banking position benefits greatly from having strong people skills. Even devoted research analysts invest a significant amount of time working in teams or providing counseling to customers. While certain jobs call for more of a sales touch than others, it's important to feel at ease in a work-related social setting.
Thus, Investment banking is all about raising money from different institutions.
For more information on Investment Banks, refer to the given link:
https://brainly.com/question/13715774
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Complete Question
These financial conglomerates provide a range of services, such as investment banking, commercial banking, and financial advising. What type of financial Institution?
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