CORPORATE BANKING AND CREDIT ANALYSIS

The course is a core activity of the Degree program in Economics and Finance and complements other courses in Finance in understanding the drivers and mechanisms that characterize financial markets. The course is targeted to learning about and developing competences to deal with the banking system and the capital markets. Students will learn about how corporate and investment banking work, which corporate needs can be addressed by them and how.

Upon completion of the course students will have

In terms of knowledge and understanding, the students will:
- understand which are the main elements that characterize corporate and investment banking (in terms of information sources, services and instruments).

Regarding the application of knowledge and understanding, the students will:
- learn to evaluate and discuss the feasibility of the main corporate and investment banking operations;
- understand how to structure and implement some of the main corporate and investment banking operations.

In terms of judgment abilities, the students will:
- learn to present well-structured arguments to support the decision of whether or not to implement corporate and investment banking operations.

Students are expected to have a basic knowledge of banking financing and corporate finance.

Corporate and investment banking
Basics of corporate lending
Corporate financing sources
Raising capital on financial markets
Credit risk
Mergers and acquisitions
Corporate restructuring
Leveraged buyouts
Private equity
Venture capital

The textbook for this course is
Ugo Rigoni, Caterina Cruciani, Corporate Banking and Credit Analysis, McGraw Hill 2020 - ISBN 9781307624434 Create eBook
available at https://create.mheducation.com/shop/#/catalog/details/?isbn=9781307624434

Business cases will be discussed and made available to students during the course.

This course includes a series of activities that will contribute to foster learning, facilitate meaningful exchanges across all participants and to build your final grade.

All attending students are required to take part in the class activities and in individual and group activities. All such activities are mandatory for attending students and will be weighted as follows in the computation of the grade:
• written exam, worth 60% of the grade - you must pass this part;
• individual activity 10% - it consists of quizzes available on Moodle for a limited amount of time;
• group activity 30% - it consists of the group analysis of a real business case.

Non-attending students are exempt from the individual and group activities and must pass an oral exam instead, provided they pass the written exam. Non-attending students must agree their status with me and be cleared by me to follow the alternative course modality before week 3 of the course. All students that do not complete either the individual or the group activities by the deadline will be automatically considered non-attending students and will have to take the oral exam to complement their grade.

The written exam is made up of 13 multiple-choice questions and 1 open-ended question. We will discuss some example questions during the course to familiarize you with the type of questions you will face in the exam. Each multiple-choice question is worth 2 points, while the open-ended question is worth up to 4 points mapping into your partial grade on the usual 0-30 scale.
During the exam, it is not possible to use notes, books, slides or any other material, cell phones or other devices. The exam verifies the general knowledge of the students over the course topics. To pass the student needs to have at least 18 points. In the case of decimals, the grade will be rounded up or down to the nearest grade. The exam can be taken during the formal exam dates only.

The individual activity is composed of 5 quizzes available through Moodle. Please refer to the Moodle page of the course for more information about grading for this part.

The analysis of a real business case, chosen by the instructor and randomly assigned, needs to be structured as a written report (the exact structure will be discussed in class). The case analysis is a group project, where groups can have a minimum of 3 and a maximum of 6 individuals. Once the report is handed in, it cannot be changed/improved in any ways. The report will be graded on a the usual scale, where passing grades are 18-30. The maximum possible grade awarded to the report is 30/30.

The final grade will be the average of all the required activities, provided that the written exam grade is at least equal to 18/30. The weighted average of the final grade uses the weights listed above. The student passes the exam if the average grade is greater or equal to 18.
The distinction will be awarded at the discretion of the instructor.

The course will be characterized by frontal lectures by the instructor and guided class discussions. The course materials will be available through Moodle. It is possible that some professional guests will be invited to some lectures.

English

The Covid 19 emergency may impact teaching and exam modalities in the interest of students.

Accessibility, Disability and Inclusion
Accommodation and support services for students with disabilities and students with specific learning impairments

Ca’ Foscari abides by Italian Law (Law 17/1999; Law 170/2010) regarding support services and accommodation available to students with disabilities. This includes students with
mobility, visual, hearing and other disabilities (Law 17/1999), and specific learning impairments (Law 170/2010). If you have a disability or impairment that requires accommodations (i.e., alternate testing, readers, note takers or interpreters) please contact the Disability and Accessibility Offices in Student Services: disabilita@unive.it.

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