第二讲投资银行的资产负债表.ppt

第二讲 投资银行的资产负债表 及其业务 任课教师： 对外经济贸易大学金融学院 郭 敏教授 minguo992002@ TEL  一、Merrill Lynch 的公司架构 二、Merrill Lynch的资产负债表 三、Merrill Lynch的损益表 四、投资银行的主要业务 五、投资银行的性质及经营管理特点 New Merrill Lynch in 2009 2008 Merrill Lynch announces a plan to reduce its risk exposures by $11.1 billion, including a substantial sale of U.S. collateral debt obligations comprised of asset-backed securities.? ? Bank of America Corporation agrees to acquire Merrill Lynch in an all-stock transaction that creates a company unrivaled in its breadth of financial services and global reach.? ? 2009 Merrill Lynch officially becomes a wholly owned subsidiary of Bank of America.? Following the combination with Merrill Lynch, Bank of America has become: The largest brokerage in the world, with more than 20,000 advisors and $2.5 trillion in client assets A leading provider of global corporate and investment banking services, including commercial lending, global high-yield debt, global equity and global MA A global leader in wealth management, private banking and retail brokerage A global leader in investment management, with approximately 50 percent ownership in BlackRock, which has $1.4 trillion in assets under management, in addition to the $589 billion in assets under management with Bank of America as of June 30, 2008 一、美林集团公司架构 美林公司是一家拥有多个附属和联营公司的控股公司,统称为美林集团.有几十家左右经营各种投资银行业务的子公司，除美国本土外，业务遍布全球：亚洲与太平洋、欧洲中东及非洲区、拉美区，加拿大区。两大业务事业部,GMI和GWM.美林集团部分设于美国本土及国外的重要附属公司分别隶属于以上事业部.。 美林主要的控股子公司 Merrill Lynch Co., Inc. (ML Co.) and subsidiaries (Merrill Lynch) provides investment, financing, insurance, and related services to individuals and institutions on a global basis through its broker, dealer, banking, insurance, and other financial services subsidiaries. Its principal subsidiaries include: Merrill Lynch, Pierce, Fenner Smith Incorporated (MLPFS), a U.S.-based broker-dealer in securities and futures commission merchant; Merrill Lynch International (MLI), a U.K.-based broker-