Seminar paper from the year 2010 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,33, IE Business School, Madrid, course: Introduction to Capital Markets, language: English, abstract: This report analyzes the competitive standing of two major players in the investment banking industry: Lazard and Citigroup. Evaluating key criteria in the context of the changing landscape of the industry in addition to regulatory constraints, we see Lazard in a good position for future growth, whereas Citigroup will need significant internal restructuring in order to re-emerge after the near collapse due to the financial crisis.