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vestment banking, including underwriting, financial advisory, corporate borrowings; proprietary business, refers to the company as a principal for clients trading financial assets The income earned as well as using its own funds trading revenue received; asset management fee, which is charged to institutional or individual clients asset management, account management and service fees. Nearly twenty years, the U.S. investment bank's business has undergone great changes, and its rapid revenue growth, this growth is actually due to changes in the structure of their income.
From 1975 to 1996 20 years, revenue from investment banking to traditional investment banks underwriting and brokerage business income mainly changed to other income-based. 1975 underwriting income and commission income to total income ratio was 13.3% and 49.9%, other income accounted for only 9.9%; to 1996, underwriting income and commission income to total income ratio was 9% and 15.4%, while the Other income rose to 47.6%; to 2007, underwriting income and commission income to total income ratio was 5.59% and 11.5%, other income rose to 63.6%. Can be seen from the data, with the development of financial innovation, more investment banking business has undergone tremendous changes

In the investment banking business, the fastest increase in self-employed business income, of which derivatives trading to become troubled investment bank even after the collapse of roots. Since the 1970s, along with the technology continues to develop financial products, in the stock market every day in the birth of the different levels of risk and return of financial derivatives. A large number of investment banks in financial derivatives trading, earn high profits.

Investment banking began in the 19th century Europe, the beginning of the 20th century in the United States appears. Just a century, investment banking financial sector has become the most dazzling star. Especially in the 1980s with the financial deregulation, investment banks to innovate constantly in the competition, its business structure and capital structure are also in the process of innovation has undergone great changes, the remuneration incentive model also suffering controversy. These factors brought to the investment banks over the past several years of rapid growth, but also become the fuse for the financial crisis.

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