Quote

The biggest profit center for investment banks is the hefty fees they charge for underwriting stock offerings and giving financial advice, and analysts put those profits at risk if they publish negative conclusions about the companies that pay the fees.

— Alex Berenson

Sentiment: NEGATIVE

←Previous Next→

✓Similar Perspectives

Whatever the potential pitfalls, banks are increasingly enthusiastic about venture capital, particularly in new companies with strong prospects in fields like health care and technology.

— Alex Berenson

There's more honor in investment management than in investment banking.

— Charlie Munger

Hedge funds, private equity and venture capital funds have played an important role in providing liquidity to our financial system and improving the efficiency of capital markets. But as their role has grown, so have the risks they pose.

— Jack Reed

My investors expect me to maximize profits.

— Martin Shkreli

Banks need to have large shareholders on the board that have a direct interest in their performance.

— Mian Muhammad Mansha

I have nothing against investment banking, but it's like massaging money rather than creating money.

— Michio Kaku

Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs.

— John Gutfreund

Some big banks remain wary of venture capital.

— Alex Berenson

At its core, banking is not simply about profit, but about personal relationships.

— Felix Rohatyn

✗Opposing Perspectives

Investment banking is not a business; it is a personal service where bankers work hand in hand with their clients. And it is a service that must not simply be about making bigger and bigger deals that reap rewards for only a small group of executives.

— Felix Rohatyn