In the space of 5 years, 2001 and 2016, the numbers of black banks in the United States fell by 54%. What led to the fall is often related to either because some of the banks were acquired or they fel...
A credit union is similar to a bank, however, the only difference between a credit union and a bank is that credit unions are established solely for the benefits of their members and not for profit-ma...
The coronavirus pandemic is unlike any pandemic that has been seen, causing world economies to come to total lockdown. A few days ago, it was reported that Berkshire Hathaway was sitting on a pile of ...
Neiman Marcus Group is a Dallas-based department-store chain that was acquired by Ares Management LLC (ARES) and the Canada Pension Plan Investment Board in 2013.It was reported by Reuters on Sunday t...
The coronavirus pandemic has caused a lot of financial sector stocks to sell off aggressively. Many of these stocks are now selling below the 52 weeks low and they may sell for a lot higher in the com...
In a Friday memo to employees, JP Morgan said it was giving all its bank tellers and other “front-line” employees a $1,000 bonus as an incentive for working during the coronavirus pandemic. The pu...
Backwardation is a term conversant with commodity trading in the futures market, closely associated with this term is ‘contango’. They are both terms used to define the futures price of a commodit...
What is Backward Integration?“Backward integration refers to the process in which a company purchases or internally produces segments of its supply chain.”Backward integration can be simply d...
What is Backup Withholding (BWH)?It is expected of every taxpayer with certain kinds of income payments to report these payments on an information return (federal income tax return). The income paymen...
What is Back To Back Letter Of Credit?A back to back letter of credit is made of two letters of credit (LCs) used together to finance a business transaction. The two LCs are opened in favor of th...