The article aims to present directions of development of investment banking in the global market. The Authors present the most significant historical facts relating to the development of investment banking in Europe and the USA. They identified key factors in the dynamic development of investment banking in the late twentieth century. Next part of the article concentrates on general characteristics of the main services offered by investment banking. Then, the essence of the subprime crisis and its impact on the development of investment banking in the global market is discussed. In conclusion, the Authors pointed out the prospects for development of investment banking after the end of the global subprime crisis.
Financed by the National Centre for Research and Development under grant No. SP/I/1/77065/10 by the strategic scientific research and experimental development program:
SYNAT - “Interdisciplinary System for Interactive Scientific and Scientific-Technical Information”.