Describe the forms of risk that an investment bank

3. Describe the forms of risk that an investment bank must consider in relation to
acquisition and underwriting transactions. Describe what it means for a firm to set aside
capital when it completes underwriting transactions.

4. Describe the role and importance of credit rating agencies in the Freeport-McMoRan
Transaction. Which group within an investment bank has the primary responsibility to
work with companies regarding rating agency considerations?
5. Describe the role of equity research at JPMorgan in the transaction. How has the role
of equity research changed since 2003?