2024/25 Undergraduate Module Catalogue

LUBS3125 Investment Banking

10 creditsClass Size: 60

Module manager: Kevin Keasey
Email: K.Keasey@lubs.leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2024/25

Pre-requisites

LUBS2260

Banks and Banking Systems

This module is not approved as a discovery module

Module summary

This module examines the structure, management and practices of investment banking. After having provided an overview of the key business characteristics of investment banks, the course offers an in-depth analysis of the business activities of mergers and acquisitions, financing and investment; and, the creation of value through financial advisory services. Special attention will be dedicated to examining the services offered to the corporate sector in terms of corporate restructuring and defence. The course will end with an assessment of the key risks involving investment banking and the related regulatory framework.

Objectives

This module aims at developing students’ knowledge on the main characteristics of the investment banking business. The purpose is to provide students with an in-depth understanding of the role that investment banks play in the financial industry and the services they offer to the corporate sector. Special attention will be paid to examining the risks and regulation of the investment banking industry. At the end of the module students are expected to be able to critically analyse and solve conventional problems faced within the investment banking industry.

Learning outcomes
With the completion of this module students should be able to:
- Describe the various roles of an investment bank
- Explain and evaluate the key differences between the balance sheet of an investment bank and the balance sheet of a commercial bank
- Explain and critically evaluate the role of investment banks in the equity and in the debt markets
- Critically assess the roles played by investment banks in the sell-side and buy-side of merger and acquisition (M&A) transactions
- Critically evaluate the theory and practice of risk management and regulation in the investment banking sector

Syllabus

1. What Investment Banks do? An Overview
2. The Balance sheet of investment banks
3. Funding strategies by Investment banks
4. Investment banking business of equity
5. Investment banking business of debt/fixed Income
6. Investment banking and trading activity
7. Investments banks and M&A: sell-side and buy-side
8. LBO and investment banking
9. Corporate Restructuring and corporate defence
10. Risks and regulation in investment banking

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	11	1.50	16.50
Seminar	5	1.00	5.00
Private study hours			78.50
Total Contact hours			21.50
Total hours (100hr per 10 credits)			100.00

Private study

This could include a variety of activities, such as reading, watching videos, question practice and exam preparation.

Opportunities for Formative Feedback

Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	2 hr	100.00
Total percentage (Assessment Exams)		100.00

The resit for this module will be 100% by 2 hour examination.

Reading list

The reading list is available from the Library website

Last updated: 29/04/2024 16:16:21

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