Even more interesting considering that both this Economist article and the Bloomberg exposé are currently blocked in China. In recent years China’s leaders have become increasingly concerned that the public’s awareness of the growing wealth gap could lead to social instability. In Beijing, displays of gratuitous overcompensation are a daily reminder that some people, in …
Continue reading “Communist party in China facing public anger as corruption gets exposed”
Earlier this morning, mobile phone carrier Sprint released its 10-K filing with the SEC for the fiscal year ending in December. In the filing, it revealed that it had made a commitment with Apple to purchase a minimum number of iPhones from Apple amounting to $15.5B in outlay. Horace Dediu of Asymco makes a good …
Earlier this morning, mobile phone carrier Sprint released its 10-K filing with the SEC for the fiscal year ending in December. In the filing, it revealed that it had made a commitment with Apple to purchase a minimum number of iPhones from Apple amounting to $15.5B in outlay. Horace Dediu of Asymco makes a good …
An investment bank is a financial institution that: Assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client’s agent in the issuance of securities. Assists companies involved in mergers and acquisitions. Provides ancillary services such as market making, trading of derivatives, fixed income instruments, foreign exchange, commodities, and equity securities. …
Continue reading “The definition of investment banking and its lines of business”
If you don’t think Wall Street is chomping at the bit to get back to the good old days, take a look at MF Global. This financial services company was taken over by John Corzine, the former governor of New Jersey, a 24 year veteran of Wall Street, and the CEO of Goldman Sachs for …
Continue reading “MF Global shows Wall Street is ready for the good old days”