Investment banking is changing dramatically into an industry where
A) investment bankers are using larger syndicates to distribute initial public offerings.
B) investment bankers are becoming increasingly larger so that they can take on more risk and have less need for large syndicates.
C) investment bankers don't need a distribution network because most new issues are sold directly to institutional investors.
D) new investment banking firms are being established to deal with the increasing number of companies looking for capital.

Question

Quizplus · Accepted Answer

Investment banks are growing larger to manage more risk internally, reducing their reliance on large syndicates for distributing initial public offerings (IPOs). This allows them to have more control over the process and potentially increase their profits.

Investment Banking Is Changing Dramatically into an Industry Where