This was a followup to a question on how I would explain what investment banking is to a layman. It was tricky because while I had a reasonable understanding of what happened, I was unsure of how to phrase it in a way that would be considered to be easily understandable to someone without knowledge of financial terms.

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Merrill Lynch Overview

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Website www.merrilllynch.com

HQ New York, NY

Industry

Retail Securities Brokerages

Size

64,200+ Employees, $54B+ Revenue

Competitors

Morgan Stanley, Goldman Sachs

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Interview Question for Investment Banking Analyst at Merrill Lynch:

How would you explain the causes of the recent economic crisis to a layman?

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