CORPORATE BANKING

The course is one of the ELECTIVE educational activities of the Master's Degree in Management. It allows to learn how to deal with the relationships with the banking system and capital markets. Through the understanding of the operations of corporate and investment banking, students will learn how corporate and investment banking industry can address companies' financial needs.

Upon completion of the course, students will understand the main corporate and investment banking services.
In terms of knowledge and understanding, the students will:
- know the main features underlying corporate and investment banking services.
Regarding the application of knowledge and understanding, the students will:
- be able to evaluate the feasibility of a corporate and investment banking deal;
- be able to design the main structure of a corporate and investment banking deal.
In terms of judgement abilities, the students will:
- be able to present a set of clear and structured arguments to support the decision to enter a corporate and investment banking deal.

Foundations of bank lending services and corporate finance

Corporate and investment banking
Foundations of corporate lending
Corporate funding sources
Raising funds in financial markets
Credit risk and the value of corporate debt
Mergers and acquisitions
Corporate restructuring
Levereged buyouts
Private equity
Venture capital

Ugo Rigoni, Caterina Cruciani, Corporate Banking and Credit Analysis, McGraw Hill 2023 - ISBN 9781307923629

Sections excluded from the exam:
Chapter 1
No 16-3 Regulation of lending
No 16 - 6 Sources of information about Loan Customers

Chapter 2
In section 17-10 – Pricing business loans, only the Cost-Plus Pricing Method. All other sections must be excluded

Chapter 6
No Section 24-2 The Option to Default
Section 23-4 Predicting the Probability of Default can be studied only on slides

Chapter 7
In Section 32-5 The Mechanics of a Merger
No Tax Considerations
No Cross-borders mergers and tax inversions
Chapter 8
In 33-3 Fusion and Fission in Corporate Finance
No Privatizations and nationalizations
No 33-4 Bankruptcy

Further reading and slides will be selected for specific topics

The final evaluation will be based on a written exam and an analysis on an actual corporate or investment banking case (for example, IPO, merger and acquisition, issue of new stocks/securities or debt restructuring, private equity deal).
The written exam is composed by 15 multiple choice questions.
For each question the right answer scores 2 points, a wrong one scores - 0,5, no answer scores 0.
No textbooks, class or personal notes, slides, cell phones or other devices are allowed during the exam.
The exam assesses the general knowledge of course topics. In order to pass the exam, the score, rounded to the closest integer, must be more or equal to 18.
The exam can be taken in the usual exam dates. If a student refuses the written grade, the re-sit grade overrides the previous one.
Up to 5 points will be added to the written grade upon presenting an analysis of one of the course topics during classes. Further information will be provided at the beginning of the course.
The business case to be analyzed will be proposed by the teacher. The analysis is made up by a written report. The analysis must be done by groups of 2-5 students. The analysis, once delivered, is no more amendable and so it will be the score, which must be at least 18, expressed in thirtieths.
The final grade is the arithmetic average of the grades of the written exam and the analysis of an actual case.
The attribution of the “cum laude” is at the discretion of the instructor, provided that the final grade is 30.

The course will be characterized by frontal lectures by the instructor and guided class discussions.
Teaching material (slides and simulations of exam exercises) will be available on the e-learning platform moodle.unive.it

English

During Covid 19 emergency periods the delivery methods of both teaching and exams may be changed to guarantee 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.

written

This subject deals with topics related to the macro-area "Human capital, health, education" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development