What have economic changes done to the investment banking industry?

Investment Banking CertificationQuestion: What have economic changes done to the investment banking industry?

Answer: Due to events associated with the recent recession, including the fall of Lehman Brothers and the US federal government’s Troubled Asset Relief Program (TARP), the compensation earned by investment bankers has become exposed to the wider public, and it is a target for scrutiny by the media and politicians. Investment banking was previously quite unpublicized (and the industry liked it like that), but all of that seems to have changed in recent years. Banks have cut back on some conspicuous expenditures (such as travel and lavish conferences), and some investments banks have realized the need for increased efforts to clean up their image via public relations campaigns.

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