What does an investment bank do?

The investment bank is responsible for examining a company’s financial statements for accuracy and publishing a prospectus that describes the offering in detail to investors before the securities are available for purchase. Investment bank clients include corporations, pension funds, other financial institutions, governments, and hedge funds.

What are the major investment banks?

Major investment banks include Barclays, BofA Merrill Lynch, Rothschild , Goldman Sachs, Deutsche Bank, JP Morgan, Morgan Stanley, UBS, Credit Suisse, Citibank and Lazard. Some investment banks specialize in particular industry sectors. Many investment banks also have retail operations that serve small, individual customers.

What is Ally Bank?

Ally Bank is a full-service online bank offering competitive rates, low fees and no account balance requirements. Headquartered in Sandy, Utah, and founded in 2009, Ally Bank is the digital-only banking division of Ally Financial, Inc., which has roots dating back to the 1920s.

Is Ally Invest a good investment platform?

With sufficient investment assets available, along with basic screening tools and resources, Ally Invest is appropriate for beginner and intermediate investors and traders. Ally is a bank and lender first, which is good for those who also need those financial services. For sophisticated investors, there are more comprehensive trading platforms.