A branch of investment banking that has been very opportunistic in recent years has been the increase in sales of foreign securities of companies formerly owned by the government.

Question

Quizplus · Accepted Answer

This statement is true. Investment banks have made profits by facilitating the sale of foreign securities of companies that were previously owned by governments. This is particularly true in developing countries where privatization of government-owned firms has been common.

A Branch of Investment Banking That Has Been Very Opportunistic