Search results
Results from the WOW.Com Content Network
The following are the largest full-service global investment banks; full-service investment banks usually provide both advisory and financing banking services, as well as sales, market making, and research on a broad array of financial products, including equities, credit, rates, currency, commodities, and their derivatives.
A Credit valuation adjustment (CVA), [a] in financial mathematics, is an "adjustment" to a derivative's price, as charged by a bank to a counterparty to compensate it for taking on the credit risk of that counterparty during the life of the transaction. "CVA" can refer more generally to several related concepts, as delineated aside.
An industrial loan company (ILC) or industrial bank is a financial institution in the United States that lends money, and may be owned by non-financial institutions. They provide niche financial services nationwide.
Bulge bracket banks are the world's largest global investment banks, [2] serving mostly large corporations, institutional investors and governments.The term "Bulge Bracket" comes from the way investment banks are listed on the "tombstone", or public notification of a financial transaction, [3] where the largest advisors on investment banking operations (mergers, acquisitions, IPOs, or debt ...
An example of asset-based loan usage was when the global securitization market shrank to an all-time low after the collapse of investment bank Lehman Brothers Holdings Inc in 2008. [4] Within Europe in 2008, over 710 billion euros worth of bonds were issued, backed largely by asset-based loans, such as home and auto loans.
A confirming bank is a bank other than the issuing bank that adds its confirmation to credit upon the issuing bank's authorization or request thus providing more security to the beneficiary. A complying presentation is a set of documents that meet with the requirements of the letter of credit and all of the rules relating to letters of credit.
One example is the credit arbitrage vehicle, also known as a Structured Investment Vehicle (SIV). A typical SIV is a company which seeks to 'arbitrage' credit by issuing debt or debt-like liabilities and purchasing debt or debt-like assets, and earning the credit spread differential between its assets and liabilities.
For example, in June 2007, ratings agencies downgraded over 100 bonds backed by second-lien subprime mortgages. Soon after, the investment bank Bear Stearns liquidated two hedge funds that had invested heavily in mortgage-backed securities (MBS) and a few large mortgage