CORPORATE BANKING AND CREDIT ANALYSIS

The course is a core subject of the Master's degree programme, positioned at the intersection of economics-finance and business disciplines, with the aim of building the knowledge needed to understand the relationships between firms, the banking system, and financial and capital markets.
Through an understanding of corporate and investment banking, the course enables students to identify the financial needs of firms and assess the solutions that investment banks are able to offer to address them. The analysis of the main business segments — debt capital markets (DCM) and equity capital markets (ECM), private equity transactions, and mergers and acquisitions (M&A) — provides an integrated and operational understanding of the role the sector plays in supporting the strategic financial decisions of firms.

With regard to knowledge and understanding, by the end of the course students will be able to:
- understand the key aspects of corporate and investment banking operations;
- explain the main characteristics of corporate and investment banking operations;
-describe the main market trends.

With regard to the ability to apply knowledge and understanding, by the end of the course students will be able to:
- identify the main needs of firms that use corporate and investment banking services;
- understand the design of the main elements of a corporate and investment banking transaction;
- assess the feasibility of a corporate and investment banking transaction.

This course assumes a basic knowledge of corporate finance, financial statement analysis, financial markets, and financial intermediaries.

The fundamentals of banks
Introduction to Corporate and Investment Banking
Debt Capital Markets: Bond Offerings
Corporate Lending and Syndicated Loans
Equity Capital Market: Primary Offerings - the IPO
Equity Capital Market: Secondary Offerings
Private Equity Deals
M&A Transactions

Caselli S., Gigante G., Tortoglio A. (2021). Corporate and Investment Banking. A Hands-On Approach. Egea.
Chapters 1-9.

Learning assessment will be conducted through a written examination, with no possibility of consulting notes or textbooks.
The exam consists of 10 multiple-choice questions and 2 open-ended questions, which may also include an applied exercise.
The duration of the exam is generally between 40 and 60 minutes.

The assessment is designed to evaluate:
- understanding of the fundamental concepts covered during the course;
- the ability to apply theoretical tools and develop critical thinking in the analysis of complex financial scenarios and the main issues related to corporate and investment banking;
- the appropriate use of technical financial terminology.

The structure of the examination is consistent with the course learning objectives and the expected learning outcomes.

written

The lecturer has a duty to ensure that the rules regarding the authenticity and originality of exam tests and papers are respected. Therefore, if there is suspicion of irregular conduct, an additional assessment may be conducted, which could differ from the original exam description.

The exam score is determined by the sum of the points obtained in the different questions:
- The 10 multiple-choice questions contribute up to 15 points in total, with the following scoring scheme: +1.5 for a correct answer, −0.4 for an incorrect answer, and 0 for no answer.
- The open-ended questions are worth up to 8 points each.

The maximum possible score for the exam is 31 points.
The minimum passing score is 18 points.
Honors are awarded to candidates who achieve the maximum score of 31 points.

The course consists of frontal lectures enriched by interactive sessions focused on the analysis and discussion of exercises or case studies, aimed at applying theoretical concepts to real-world situations.
All teaching materials used in class will be made available to students via the Moodle platform (www.unive.it/moodle), along with additional readings and resources.
Lectures may include guest speakers such as experts in corporate banking or investment banking.
Group work may also be included to support the development of collaborative and applied skills.

***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.

This subject deals with topics related to the macro-area "Circular economy, innovation, work" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development