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Originally Posted by Buffalo Jim
I agree . However there is a huge difference between " Commercial Banks / Commercial Bankers " and Investment Banks / Investment Bankers " .
NONE of the banks you will find doing business with the general public are Investment Banks .
Investment Banks do not have large networks of local branch services . They operate in an entirely different realm .
Investment Banks offer very unique services to large corporations , State , City and National Governments and the Mega-Wealthy .
They were originally created to take corporations public by marketing their shares . Commercial Banks are not allowed to perform those types of activities .
Investment Banks were in effect the " Realtors " of Corporations .
Don`t confuse the two . Investment Bankers primarily are found only in NY City , Boston , London , Paris et al and are paid 10 to 20 times more than even a senior manager at a Commercial Bank .
As I stated previously . The subject is much more complex than the average person might be inclined to believe .   |
Wow Buffalo, you sure are a wealth of information and thanks for clearing that all up for me.
I'm sticking with my understanding of it though...it's "The death of common sense!"