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Money and Capital Markets: Financial Institutions and Instruments in a Global Marketplace, 8/e

Peter Rose, Texas A & M University

Business Borrowing

Standard & Poor's Questions

Chapter 21 in Money and Capital Markets: Business Borrowing

Question 1

Why do the banks included in S&P’s Market Insight generally have relatively small percentages (of their total assets) committed to corporate bonds? In your opinion is this a wise decision?

Question 2

One of the leading security underwriters is Merrill Lynch, generally ranking first or second in U.S. and global debt and equity underwriting activities each year. What volume of debt underwriting and equity underwriting did Merrill Lynch do in the latest year available? Which—debt or equity underwriting—is growing the fastest at this company? What is included in this firm’s “strategic advisory services” and why is this an important service area both for Merrill and for its corporate customers?

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