▲ 3 r/financial
Why would an m&a advisory firm be a bank?
I'm reading about Moelis & Co. Wikipedia describes it as "a global investment bank that provides financial advisory services to corporations, governments, and financial sponsors." In what sense are they a bank then if they're just advising on other people's transactions? Do they invest in stuff? Do they take deposits?
u/copydex1 — 2 days ago