Editing Investment banking (section)

===Other businesses===
*'''Global transaction banking''' is the division that provides cash management, [[Securities Services|securities services]] (including custody and securities lending etc.) to institutions. [[Prime brokerage]] with hedge funds has been an especially profitable business, as well as risky, as seen in the [[bank run]] with [[Bear Stearns]] in 2008.
*'''[[Investment management]]''' is the professional management of various securities ([[Share capital|stock]]s, [[Bond (finance)|bonds]], etc.) and other assets (e.g., [[real estate]]), to meet specified investment goals for the benefit of investors. Investors may be institutions ([[insurance companies]], [[pension fund]]s, [[corporation]]s etc.) or [[private investors]] (both directly via investment contracts and more commonly via [[investment fund]]s e.g., [[mutual fund]]s). The investment management division of an investment bank is generally divided into separate groups, often known as [[wealth management|private wealth management]] and [[Private_banking|private client services]].
*'''[[Merchant banking]]''' can be called "very personal banking"; merchant banks offer capital in exchange for share ownership rather than loans, and offer advice on management and strategy. Merchant banking is also a name used to describe the private equity side of a firm.<ref>{{Cite web |url=http://www.fdic.gov/bank/analytical/banking/2001sep/article2.html |title=Merchant Banking: Past and Present |access-date=29 January 2008 |archive-url=https://web.archive.org/web/20080214173115/http://www.fdic.gov/bank/analytical/banking/2001sep/article2.html |archive-date=14 February 2008 |url-status=dead }}</ref> Current examples include [[Defoe Fournier & Cie.]] and JPMorgan Chase's [[One Equity Partners]]. The original [[J.P. Morgan & Co.]], [[Rothschild & Co|Rothschilds]], [[Barings]] and [[Warburgs]] were all merchant banks. At the present date, a LionTree, an independent investment and merchant bank originally became a "merchant bank" was the British English term for an investment bank.