- Docente: Alessandro Marchesini
- Credits: 6
- SSD: SECS-P/11
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Forli
- Corso: Second cycle degree programme (LM) in Economics and management (cod. 9203)
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from Nov 19, 2024 to Dec 11, 2024
Learning outcomes
The purpose of the course is to understand corporate banking activity, with reference to main investment banking services. At the end of the course, students learn how to evaluate participation in syndicate lending and bond issuing, how to build up project finance deals and debt restructuring.
Course contents
The course will be divided into several subject areas, each covering both Corporate Banking and Investment Banking, with a focus on the differences between the two:
- Introduction to Corporate and Investment Banking: structure of the banking industry, fundamental differences in business models, roles and functions.
- Regulation and Innovation: impact of banking regulation, introduction to sustainability issues (ESG) and the effect of digitalization and fintech.
- Corporate Banking: key products (lending, leasing, factoring, trade finance), corporate relationship management, credit risk and capital management.
- Investment Banking: capital markets transactions (equity, debt), advising on mergers and acquisitions (M&A), structuring complex transactions (IPOs, leveraged buyouts, project finance).
- Financial Markets: the role of Corporate and Investment Banking in financial markets; relations with institutional and retail investors; structured finance.
- Case Studies: analysis of real cases presented by industry experts covering M&A transactions, corporate restructuring, structured finance and trade finance.
Readings/Bibliography
Corporate and Investment Banking - Egea 2021 (excluding Chapter 7, 10, 11 and 12) by Caselli, Gigante, Tortoroglio
at the student's discretion to be supplemented with:
Corporate & Investment Banking -2020 by Giancarlo Foresti
Teaching methods
Lectures: Theoretical introduction and explanation of fundamental concepts
Guest lectures: every week managers, investors and consultants will be invited to present real transactions in corporate and investment banking, with a focus on decision-making processes, products used and market dynamics.
Case studies: students will analyze real or simulated transactions, addressing issues related to corporate finance, capital management and financial markets.
Assessment methods
The examination will be held in face-to-face and oral form.
The examination will cover the theoretical content illustrated in the textbooks, but knowledge of case studies will not be required.
Should the student wish to do so in order to improve the grade, it will be possible to illustrate a case study, either from among those presented in class or from the textbook.
Teaching tools
Textbooks
Slides presented during lectures and available on Virtual.
Both the textbook and the slides are in English. The lectures and the test will be in Italian.
Office hours
See the website of Alessandro Marchesini