This volume offers thorough coverage of the business of investment banking, including much inside information based on the extensive professional experience of the contributors. The book comprises 30 chapters covering every facet of investment banking, from its historical origins in the USA to the current high-dollar activity in mergers and acquisitions. The chapters fall into eight sections: investment banking today, raising capital, transactional activities, specialized financial instruments, tax-exempt financing, broker activities, commercial banks and investment banking, and investment banking outside the USA.