What is a Roadshow?A roadshow is when bankers take the company looking to issue equity (or another financial instrument) around to potential large-scale investors such as hedge funds and pension funds...
The Glass-Steagall Act was a piece of legislation passed in the US in the 1930s which separated commercial banks and investment banks. The aim was to protect the customers of commercial banks fro...
Private Wealth Management or PWM is a service offered by institutions to high net worth individuals and firms. The services typically offered with private wealth management include:Inve...
The phrase 'sell-side' refers to companies that are in the business of selling others, rather than buying them. Investment banks are part of the sell-side as one of their primary roles is to advise ot...
A Special-Purpose Vehicle or SPV is a subsidiary of a company which is bankruptcy remote from the main organisation (i.e. protected even if the parent organisation goes bankrupt). ...
Apple stock was downgraded today and that let to another technology stock selloff. The downgrade caused Apple stock to lose 4.91% in stock price today. The stock was down by $7.36 and closed at $142.4...
The nontraditional lodging company that is shaking up the hotel industry is likely to take a nontraditional path to public markets in 2020.Airbnb, the internet unicorn that was once expected to go pub...
11th District Cost of Funds Index is a monthly cost of fund index (COFI) portraying the weighted average interest paid by western states financial institutions on savings and checking accounts. The fi...
What is a Beacon Score?DefinitionThe Beacon Score is an Equifax Credit Bureau credit score technique used by lenders to test individual borrowers' creditworthiness. Through the use of a complex a...
Warren Buffett’s firm Berkshire Hathaway is a big believer in bank stocks but it seems the firm has sold some financial stocks and Barron thinks the firm sold either Citigroup or Bank of NY stocks.&...