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。
She said, we have it now at Swiss Re and, of course, The World Bank sponsors crop insurance for farmers.
她说,我们公司推出了农作物保险业务,而且世界银行也向农户提供保险补贴
When we separated banking from investment banking, on the theory the investment banking had natural proclivity to get from another folly to do it.
当我们把银行业务从投行分离出去的时候,由于理论上说投行的本性决定了其容易犯错误,决定了其容易犯错误。
What this did is it allowed banks to offer insurance or to ally and join in and merge with insurance companies.
这个法案允许了银行从事保险业务,或者与保险公司合作,整合,并购
Now incidentally, often bank loans to corporations are short-term, technically, so the bank is both lending short and borrowing short.
顺便说一下,技术上讲,银行借给公司的都是短期贷款,银行同时进行短期借贷业务
This leads us to what is called relationship banking -or it's really all banking is, relationship banking.
这就引出了所谓关系型银行业务,其实这也就是银行业务的全部所在
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。
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。
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
In fact, that is essential to banking and it's kind of part of the -you might almost call it the definition of a bank.
事实上,这对银行业务是至关重要的,并且这是部分的...,几乎可以说这就是银行的定义
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。
The Fed has never given loans to anyone other than a depository institution that is a bank until last month, except they did so in the Depression.
上个月,联邦政府已经开始限制贷款业务,除了银行以外的其他金融机构,休想再放出一分钱的贷款,也就是在萧条时政府才会这么做。
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?
If you go into an investment bank and say, I want to open up a deposit, they'll say, we don't do that. So, the word bank is somewhat misleading.
如果你去投行然后说,我想开户,他们会说,投行不做这些业务,所以银行这个词有点令人误解。
This is another reason why we want relationship banking.
这也是需要关系型银行业务的又一原因
We wanted to protect our banks from contagion.
我们想要保护银行业务免受其影响。
Investment banking had to be a separate firm.
投资银行业务必须由独立公司承担。
Investment banking means the underwriting of securities.
银行投资业务意味着证券承销。
The core of banking is relationship banking.
银行业务的核心就是关系
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