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Challenging The Banks

Global Finance

Higher interest rates have given banks some relief over the past few years, increasing their net interest income while hampering competitors—particularly fintech startups dependent on equity financing. Equity investors value Visa at 29 times earnings and 13 times book value, according to Bloomberg.

Banking 59
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Power & Utilities Investment Banking: How to Turn Yourself into an Electrified ESG Warrior

Brian DeChesare

Power and Utilities Investment Banking Definition: In power/utilities IB, bankers advise companies that produce, transmit, and distribute electricity, natural gas, and water on raising debt and equity and completing mergers and acquisitions. For example, let’s say the company’s Rate Base is $1,000, as in the Lazard example above.

Banking 98