Investment banking is changing dramatically to an industry where: (Points : 10)

Question

Investment banking is changing dramatically to an industry where: (Points : 10)      

investment bankers are using larger syndicates to distribute initial public offering.
      investment bankers are becoming larger and larger so that they can take on more risk and have less need for large syndicates.
      investment bankers don't need a distribution network because most new issues are sold directly to institutional investors.
      new investment banking firms are being established to deal with the increasing number of companies looking for capital.

Explanation / Answer

investment bankers are becoming larger and larger so that they can take on more risk and have less need for large syndicates.

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