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Global financial capital

5 important questions on Global financial capital

What is Wall Street and what is an investment bank?

Central actors of Wall Street are investment banks such as J.P. Morgan and Merrill Lynch. Investment banks act as a bridge between stock and bond markets and corporations. They advise cooperations so that their stock prices would increase.

What is Mergers and Acquisitions?

Combinng and breaking up of cooperations. Wall Street banks assist cooperations in these transactions in return of commission fees.

What is Wall Street's image of itself?

A central node that has transformed the world into a common pool of buyers and sellers. All flows of capital go through Wall Street. It is a singular trajectory of globalization. At first blush during Ho's recruitment and orientation, she buys into this self-image.

What does global mean for Wall Street?

The global refers to financial techniques, products and resources of Wall Street that travel, cover and re-make the world. The global means ''the ability to penetrate the national markets of the world and discipline them according to Wall Street standards and make the globe conducive to financial capital and transnational corporations''.

What does global really mean for Wall Street?

Ho's investment bank starts dropping the adjective ''global'' in the names of their departments. Why? This indicates to Ho that it is an incomplete process of global schemes and claims. Emphasis on being truly global reflects a fragility of global standing. Each bank has multiple and particular approaches to the global.

The question on the page originate from the summary of the following study material:

Local cultures, global forces

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