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Prime brokerage is the generic term for a bundled package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.
In practice, broker-dealers are heavily financed through repurchase agreements and other forms of secured borrowing. Their leverage computed from a GAAP balance sheet would, therefore, usually be higher (possibly much higher) than the ratio of their "aggregate indebtedness" to "net capital", which is the "leverage" ratio tested by the Basic ...
The increased use of sharing agreements by media companies to form consolidated, "virtual" duopolies became controversial between 2009 and 2014, especially arrangements where a company buys a television station's facilities and assets, but sells the license to an affiliated third-party "shell" corporation, who then enters into agreements with ...
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As part of the agreement, Act III has agreed to a standstill, voting commitment, and other customary provisions. The partnership signals a new chapter of growth and opportunity for BJ’s Restaurants.
A stockbroker is an individual or company that buys and sells stocks and other investments for a financial market participant in return for a commission, markup, or fee.In most countries they are regulated as a broker or broker-dealer and may need to hold a relevant license and may be a member of a stock exchange.
Jay-Z made rare comments about his wife Beyoncé and their three children after being accused in a civil lawsuit of raping a 13-year-old girl along with Sean "Diddy" Combs in 2000.. On Sunday, Dec ...
Don Johnson is enjoying the present!. The Hollywood star, who has been on screens for more than 50 years, posed for a rare photo with all of his children as he celebrated his 75th birthday on ...
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