Economic & Financial Environment of Business Analysis

Identify one of the top ten investments banks as of 2018.2. Provide a concise description of the bank’s core competency with examples of recent activities or transactions. Be sure to provide specific $ data on the magnitude of the bank’s recent activities.3. How has the size of your selected investment bank changed in the last decade? Use $ valuations to illustrate the change. In which investment bank functions did their overall business increase and/or decrease?4. Prepare a balance sheet analysis of the bank, comparing 2007 B/S $ values to the most recently published B/S (either 2017 or 2018). Be sure to include the following items, in Excel spreadsheet format:a. % change in total assets, liabilities, and equity positions over this periodb. Past and current leverage position of the investment bank, and % change over this periodc. Comparison of book to market value of the bank, 2007 to current value5. Refer to the following short article and address the question in detail:a. Article: Edelmann, C., Hunt, P. (2017). How the Great Recession Changed Banking. Harvard Business Review Digital Articles, 2–9b. Question: Compare the financial analysis completed in item #3 above to the main points in the article, including changes in B/S valuation.Answer the following questions for a fictitious public offering, and show all calculations:An investment bank offers underwrites an IPO of up to 18.5m shares for ABC Company at a price of $12.50 per share. Show the $ return to the investment bank under both scenarios:1. The 18.5m shares sell at $13.25 per share.2. What happens if the IPO price is overstated and the shares sell for $12.25 per share?