-
I'm not talking about investment banks in this lecture -I'm talking about commercial banks, which accept deposits from depositors.
这节课不讲投资银行,只讲商业银行,商业银行从储户那里吸收存款
-
it's more of like the investment banks, you know, the Morgan Stanley, and the Goldman Sachs.
更可能想到投资银行，如摩根斯坦利，还有高盛。
-
In addition to commercial banks--well, I'm not going to talk about investment banks here; that's another lecture.
除了商业银行之外...,我不会在这里讨论投资银行,这是另一节课的知识
-
I would argue that it was pluperfect obviously disabled the banks and the major investment banks.
我认为很明显对银行和主要投资银行,产生了阻碍作用。
-
Some people just, you know, go right ahead and try to get internships with investment banks.
有的学生直接就尝试去投资银行找实习。
-
You have the typical investment banks, Goldman Sachs, Morgan Stanley, JP Morgan.
还有典型的投资银行，高盛集团、摩根士丹利和摩根大通公司。
-
like somewhere in some investment bank or something.
在投资银行或者什么地方。
-
Investment banks are very different in that a pure investment bank does not accept deposits and it doesn't make loans; it's an underwriter for securities.
投资银行是完全不同的,单纯的投资银行既不吸收存款,也不发放贷款,投行是证券承销商
-
Instead it deals with financial institutions and it gets involved in underwriting securities for financial institutions.
投资银行的业务对象是金融机构,业务涉及,金融机构的证券包销
-
Let me--I said earlier that investment banking seems to be a great interest of students at Yale; that's because they get some really great jobs there.
我原先说过银行投资业务,似乎对于耶鲁的学生有着强大的吸引力;,原因是学习这么课程能给大家能找到高端的工作。
-
At least we want to protect the small investors' savings in banks.
但至少,我们希望能保护,小额投资者们的银行存款
-
Of course, the banker isn't going to give you $1 for something that is paying $1 in a year because the banker knows that $1 could be invested at the interest rate.
当然,银行不会因为某些东西,在一年内收益一美元,而给你一美元,因为银行知道一美元能在利率的基础上,用来投资
-
Investment banking means the underwriting of securities.
银行投资业务意味着证券承销。
-
We have--my colleagues and I founded an investment bank called Macro Markets and I'm not actually running it, I'm co-found--it's named after a book Macro Markets I wrote called Marco Markets.
在我大学时代我们建立了一个投资银行,叫做Macro，Markets，我并没有实际经营它，这个投行以我写过的一本书来命名,我写的那本书就叫做。
-
They're comparable to one of the biggest old line investment banks in New York.
足以和纽约历史最悠久的,投资银行相提并论
-
Anyway, what is investment banking, which is the subject of this?
回归正题，什么事银行投资业务，它的主营业务是什么？
-
An investment bank is a different kind of bank.
投资银行是有别于一般银行的金融机构
-
I also like investment banking because I created one.
我喜欢银行投资业还有一个原因，因为我建立了一个银行。
-
If banks get in trouble and they can't pay out -if one bank gets in trouble and can't pay out on its deposits, then that can bring the whole system down because it can cause a panic among investors -among depositors and banks -and create a run on a bank.
如果银行出现问题而且他们无法支付...,如果一家银行出现问题,并且无法支付提取的存款,那么这就会使得整个系统崩溃,因为这会在投资者中引起恐慌...,在存款人和银行中引起恐慌,并且造成银行挤兑
-
Banks have been creating something called Structured Investment Vehicles in recent years.
银行近年来设立了一类,从事结构化投资的机构,即SIV
-
That's a little less popular now, but.
不过，现在，投资银行不那么热门了。
-
On the other hand, historically, most institutions do both If you go around the world, are also involved in investment banking.
另一方面，从历史上来说,如果你去全球看看，也做银行投资业务。
-
I wanted to talk today about investment banking, which is a subject of some interest around here.
今天我想谈论一个大家都感兴趣的课题,那就是投资银行业务，这里面太多新闻了。
-
An investment bank is not a bank that accepts deposits; it doesn't deal with the general public.
投资银行不开设存款业务,也不面向大众提供服务
-
But in many cases firms do a mixture of different activities one of which is investment banking.
但是大部分情况下，公司做各种各样的业务,其中一个就是银行投资业务。
-
Anyway, I'm here to talk today about investment banking, this is all part of this general thing.
不管怎么说我今天是来谈论银行投资业务的，有关的课题。
-
Well, they created special entities called SIVs and the SIVs would be borrowing money on the commercial paper market to buy subprime loans.
银行建立特殊实体结构投资公司,而结构投资公司,通过在纸货市场借贷,以购入次级债
-
The SIV really was a liability but it wasn't visible to investors investing in the bank.
结构投资公司本身就是债务,但银行的投资者们并不了解这点
-
Again, there was a loss of confidence in the time of an economic crisis and people wanted to withdraw their money from the banks.
此外,在经济危机时期,投资者对银行失去信心,他们希望把钱从银行取出来
-
In the SIV contract, there was some language that implied that if the SIV ever went bankrupt, the bank would come back and rescue them.
结构投资公司的合同中包含着这样的条款,如果结构投资公司破产,银行会拯救他们
应用推荐