Das Investment Banking in Deutschland. Geschäftsfelder, Marktteilnehmer und Geschäftsanteile
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Studienarbeit aus dem Jahr 2015 im Fachbereich BWL - Bank, Börse, Versicherung, Note: 1,3, FOM Essen, Hochschule für Oekonomie & Management gemeinnützige GmbH, Hochschulleitung Essen früher Fachhochschule (FOM), Veranstaltung: Bankwesen, Sprache: Deutsch, Abstract: Bei der Trennung von Investment- und Geschäftsbanktätigkeiten können unterschiedliche Ansätze verfolgt werden. Am häufigsten wird der Ansatz der organisatorischen Trennung verfolgt. Hierbei werden die Geschäftsfelder rechtlich und organisatorisch voneinander getrennt. Dies ist auch in einer abgeschwächten Form als Ansatz der Abschirmung denkbar. Dabei stehen EDV, Betriebsinfrastruktur und Know-How weiterhin allen Geschäftsfeldern zur Verfügung die sowohl eine Kostenreduzierung als auch einen Know-How Transfer zum Vorteil hat. Als Nachteil einer Geschäftsfeldtrennung bzw. einer Geschäftsfeldabschirmung ist, auch zum Nachteil der Aktionäre, eine Reduzierung der Diversifizierung der Ertragsquellen zu nennen. Im Mischbankensystem werden beide Geschäftsfelder innerhalb einer Bank ohne rechtliche Trennung abgehandelt. Die Tatsache der ständigen Verschärfung der Regulierungen und die fortschreitende Digi-talisierung führten zu einem ständigen Wandel auf den Tätigkeitsfeldern der Investment-banken. In den nachfolgenden Kapiteln werden zunächst die Geschäftsfelder Mergers and Acquisitions (Fusion und Übernahme), Structured Finance (Projektfinanzierung), Capital Markets (Emission und Platzierung von Wertpapieren) und Sales and Trading (Sekundär-handel am Kapitalmarkt) näher dargestellt. Im Anschluss daran werden die Geschäftsteil-nehmer am deutschen Investmentmarkt sowie die entsprechenden Marktanteile erläutert. Zum Ende dieser Arbeit wird eine vergangenheitsbezogene Entwicklung der Bilanzanteile europäischer Banken dargestellt.
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