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United States v. Wise (9th Cir. 1977). In United States v. Wise, which directly addressed the classification of sales and licenses for the purposes of first sale with respect to film prints, the court found that the crucial factor was whether the transaction gave rise to a right of perpetual possession in the transferee. If the transferee was ...
There are a number of sectors in which banks may be involved. The general bank license allows a bank to engage in all banking activities, such as retail banking, merchant acquiring, cash management, asset management and trading. An applicant can apply for a limited banking license, such as an offshore banking license. [2]
Bank HQ Total assets (billions of US$) [3] CET1 capital ratio requirement [4] Market capitalization (billions of US$ as of 12/31/2023) [5] Ticker 1 JPMorgan Chase: New York City: $4,210 12.0% $491.76 JPM 2 Bank of America: Charlotte, North Carolina: $3,324 10.4% $266.46 BAC 3 Citigroup: New York City: $2,430 11.5% $98.45 C 4 Wells Fargo: San ...
RCA is an abbreviation for the Radio Corporation of America, founded in 1919. The company became known as the RCA Corporation in 1969. In late 1986, RCA was purchased by General Electric and over the next few years, GE sold or liquidated most of the corporation's various divisions and assets.
Consols (originally short for consolidated annuities, but subsequently taken to mean consolidated stock) were government debt issues in the form of perpetual bonds, redeemable at the option of the government. The first British consols were issued by the Bank of England in 1751. [1] They have now been fully redeemed.
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
Corporate personhood or juridical personality is the legal notion that a juridical person such as a corporation, separately from its associated human beings (like owners, managers, or employees), has at least some of the legal rights and responsibilities enjoyed by natural persons.