Lower Manhattan from Jersey City November 2014 panorama 2

The following list catalogues the largest, most profitable, and otherwise notable investment banks. This list of investment banks notes full-service banks, financial conglomerates, independent investment banks, private placement firms and notable acquired, merged, or bankrupt investment banks. As an industry it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutique market (specialized businesses).

Largest full-service investment banks

The following are the largest full-service global investment banks; full-service investment banks usually provide both advisory and financing banking services, as well as sales, market making, and research on a broad array of financial products, including equities, credit,

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, commodities, and their derivatives. The largest investment banks are noted with the following: # JPMorgan Chase # Goldman Sachs # BofA Securities # Morgan Stanley # Citigroup # UBS # Deutsche Bank # HSBC # Barclays # RBC Capital Markets # Wells Fargo Securities # Jefferies Group # BNP Paribas # Mizuho # Lazard # Nomura # Evercore Partners # BMO Capital Markets # Mitsubishi UFJ Financial Group Many of the largest investment banks are considered among the " bulge bracket banks" and as such underwrite the majority of

financial transaction A financial transaction is an Contract, agreement, or communication, between a buyer and seller to exchange goods, Service (economics), services, or assets for payment. Any transaction involves a change in the status of the finances of two or mo ...

s in the world. Additionally, banks seeking more deal flow with smaller-sized deals with comparable profitability are known as " middle market investment banks" (known as

boutique A () is a retail shop that deals in high end fashionable clothing or accessories. The word is French for "shop", which derives ultimately from the Ancient Greek Ancient Greek (, ; ) includes the forms of the Greek language used in anc ...

or independent investment banks).

Financial conglomerates

Large financial-services conglomerates combine commercial banking, investment banking, and sometimes

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

. Such combinations were common in Europe but illegal in the United States prior to the passage of the Gramm-Leach-Bliley Act of 1999. The following are large investment banking firms (not listed above) that are affiliated with large financial institutions: * ABN AMRO * Banca Monte dei Paschi di Siena ( MPS Capital Services) * Banco Bradesco * Banco Santander * Bank of China (BOC International Holdings) * Bank of Communications (BOCOM International Holdings) * BBVA * Berenberg Bank * Canadian Imperial Bank of Commerce ( CIBC World Markets) * China CITIC Bank * China Construction Bank (CCB International Holdings) * CIMB * Commerzbank * Crédit Agricole * Daiwa Securities * DBS Bank (Capital Markets Group) * Desjardins Group (Desjardins Capital Markets) * Handelsbanken * ICICI Bank * Industrial and Commercial Bank of China (ICBC International Holdings) * ING Group * Intesa Sanpaolo ( Banca IMI) * İş Bankası ( Is Investment) * Itaú Unibanco (Itaú BBA) * BTG Pactual * KBC Bank * KeyCorp (KeyBanc Capital Markets) * Kotak Mahindra Bank * Laurentian Bank of Canada (Laurentian Bank Securities) * Lloyds Banking Group (Lloyds Bank Wholesale Banking & Markets) * M&T Bank * Macquarie Group * Maybank * Mediobanca * Mizuho Financial Group * National Bank of Canada (National Bank Financial Markets) * Natixis * Nordea * PNC Financial Services ( Harris Williams & Company) * Rabobank * RHB Bank */ Rothschild & Co * Sanlam * Sberbank * Scotiabank (Scotia Capital) * SEB * Société Générale * Standard Bank * Standard Chartered Bank * State Bank of India ( SBI Capital Markets) * Stifel Financial (Stifel Nicolaus) * Sumitomo Mitsui Financial Group * SunTrust (Robinson Humphrey) * TD Securities * Truist Financial * UniCredit (UBM) * VTB Bank ( VTB Capital)

Private placement companies

Private placement agents, including companies that specialize in fundraising for private equity funds: * Asante Capital * Campbell Lutyens * Probitas Partners * Rede Partners

Other notable advisory and capital markets firms

The following is a list of other boutique advisory firms and capital markets firms that have some notability: * BDO International (BDO Capital Advisors) * Berkery, Noyes & Co * RBC Brewin Dolphin * Capital One (Capital One Securities) * Deloitte (Deloitte Corporate Finance) * Duff & Phelps * Ernst & Young (Ernst & Young Capital Advisors) * KPMG (KPMG Corporate Finance) * PwC (PwC Corporate Finance) * Rosinger Group * Roth MKM * Sheshunoff Management Services

Notable former investment banks and brokerages

The following are notable investment banking and brokerage firms that have been liquidated, acquired or merged and no longer operate under the same name.

References