CORPORATE BANKING

The course is one of the elective courses of the Master's Degree in International Management. It teaches how to deal with relationships with the banking system and capital markets. By understanding corporate and investment banking operations, students will learn how the corporate and investment banking industry can address companies' financial needs.

Students will understand the primary corporate and investment banking services after completing the course.
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.
Judgment abilities.
Students will be able to present 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 provided for specific topics

The assessment consists of a final written exam and an analysis of a corporate and investment banking operation (e.g., a stock market listing, a merger and acquisition, a capital increase or a debt restructuring, a private equity operation).
The written exam consists of 15 multiple-choice questions. A correct answer is worth 2 points, an incorrect answer -0.5 points, and no answer 0 points. Notes, class materials, slides, cell phones, or other devices are not permitted during the exam.
The written exam tests the general knowledge of the course topics: a score, rounded to the nearest whole number, of 18 or higher is sufficient.
A class presentation of an analysis of one of the course topics will add to the written exam score up to 5 points. Further information will be provided at the beginning of the course.
The case analysis consists of a written report on the operation. Students will work in 2-5 people groups. Once submitted, the report cannot be revised/amended, and the assigned grade will stand as is. The analysis is sufficient if the score is 18 or higher.
The final exam grade is the arithmetic mean of the written and case analysis grades.
This assessment structure ensures a comprehensive evaluation of theoretical understanding (through the multiple-choice written exam) and practical application and judgment skills (through the corporate case report). The group work for the case analysis encourages collaborative learning and rewards active engagement.

Grading Scale:
A. Scores in the 18-22 range will be awarded for:
Sufficient knowledge and applied understanding of the course material.
Limited ability to apply knowledge and make independent judgments.
Sufficient communication skills, especially in relation to the use of specific language pertaining to markets and financial institutions.

B. Scores in the 23-26 range will be awarded for:
Fair knowledge and applied understanding of the course material.
Fair ability to apply knowledge and make independent judgments.
Fair communication skills, especially in relation to the use of specific language pertaining to markets and financial institutions.

C. Scores in the 27-30 range will be awarded for:
Good or excellent knowledge and applied understanding of the course material.
Good or excellent ability to apply knowledge and make independent judgments.
Fully appropriate communication skills, especially in relation to the use of specific language pertaining to markets and financial institutions.

D. Honors will be awarded for:
Excellent knowledge and applied understanding of the course material, judgment skills, and communication skills.

Frontal lectures held 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

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