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BNET Business Dictionary
- Bank
- a commercial institution that keeps money in accounts for individuals or organizations, makes loans, exchanges currencies, provides credit to businesses, and offers other financial services
- Bank definition on BNET »
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- World's Second-Biggest Bank Takes $685 Million Hit for Fund Bailout.
- Knight Ridder/Tribune Business News Sep. 25--The world's second-biggest bank said yesterday it would take a $685 million hit for its part in the unprecedented, multibillion dollar bailout of a once-high-flying investment fund. Analysts said the whopping charge by UBS of Switzerland might...
- Research articles 1998-09-25
- Sell-off game comes of age.(privatization industry matures after 10 years of existence)(Brief Article)
- The privatization industry was born in 1984 with British Telecom as the first entity privatized. In its second decade, the industry has become a mature one as deals fall into two categories. Either they are complex and politically difficult deals or pioneering arrangements done in the Third World. Privatization has...
- Research articles 1995-03-01
- When the tough get going. (US investment banks find it difficult to make profits in 1994)
- Rising interest rates and new competitors have made it more difficult for investment banks to make money in 1994. Goldman Sachs announced a 70% drop in profits while Salomon Brothers reported a 3rd qtr loss of $104 million.INVESTMENT banks everywhere have made the business of making money look deceptively...
- Research articles 1994-10-22
- Against the tide. (Netherlands)
- The banking industry of the Dutch government performed well in 1993 despite the pessimistic expectations of analysts due to the economic downturn in domestic and international markets. Lending activities have been low. A boom in the stock exchange and the sudden improvement in the mortgage sector with rapidly decreasing interest...
- Research articles 1994-05-01
- More for Boris. (US monetary base)
- Some economists are concerned that the rise in the monetary supply may cause inflation in the future and blame the central bank, but it is being reactive and not proactive to supply and demand forces. Currency in circulation is now $1,200 per person in the US. ONE reason hardline monetarists,...
- Research articles 1993-11-27
- Statements to the Congress - statement by E. Gerald Corrigan - Transcript
- Statement by E. Gerald Corrigan, President, Federal Reserve Bank of New York, before the Subcommittee on Telecommunications and Finance of the Committee on Energy and Commerce, U.S. House of Representatives, September 4, 1991 I appreciate the opportunity to provide the subcommittee with my views concerning the recent disclosures by...
- Research articles 1991-11-01
Additional Resources
- Salomon gives nod to WestPoint. (Salomon Brothers gives WestPoint Stevens stock a "buy" rating)(Brief Article)
- NEW YORK -- Investment bank Salomon Brothers initiated coverage of WestPoint Stevens, issuing a "buy" rating for the dominant supplier of bed linens and bath towels. Citing excellent growth opportunities for WestPoint, the bank said the NEW YORK -- Investment bank Salomon...
- Research articles 1997-11-10
- The judgment of Salomon. (Salomon Brothers and Warren Buffett)
- Famed investor Warren Buffett is seemingly in the midst of one of his few blunders, as he tries to direct what his firm, Berkshire Hathaway, should do with the stock it owns in the investment bank Salomon Brothers. He plans to convert his preferred sharesFamed investor Warren Buffett is seemingly...
- Research articles 1996-09-21
- Northland Investment Corporation Closes On $90 Million Mortgage Refinancing for 11 Properties in Southeast
- Business Editors Northland Investment Corporation, a leading privately held real estate investment, management and development company, today announced that it has closed on the refinancing of a $90.4 million mortgage on eleven properties in the Company's Southern Tier Portfolio. The loan was structured and financed by The Citigroup...
- Research articles 2002-07-01
- Citigroup drops Salomon brand ; Retiring a revered 92-year-old name sparks criticism, continues trend.(Brief Article)
- Ending one of Wall Street's most hallowed and sometimes controversial names, Citigroup has announced it will stop using its Salomon Brothers brand. The Salomon Smith Barney Global Relationship Bank will become the Citigroup Corporate & Investment Ending one of Wall Street's most hallowed and sometimes ...
- Research articles 2001-06-11
- Flows and ebbs. (flow of investments)
- NOBODY knows exactly by how much international investment in equities grew during the long bull market. But Salomon Brothers, an American investment bank, reckons it has a good idea of how much that business shrank during and after last October's cra NOBODY knows exactly by how...
- Research articles 1988-04-23
- SAP AG successfully completes global offering; Strong demand from international and US markets
- WALLDORF, Germany--BUSINESS WIRE--Aug. 19, 1996--SAP AG, the world's leading provider of client/server business applications, has announced that a global offering of SAP AG preference shares in the international and US markets (in the form of Rule 144A American Depository Shares in the US market) has been successfully completed. The offering...
- Research articles 1996-08-19
- Citi's Michael Klein Will Finally Have Time for Model Trains and Stamp Collecting
- Citigroup’s announcement today that Michael Klein is leaving the company surely makes one wonder whether there is a reason for Citigroup. Klein, oft referred to as one of the bank’s “most senior executives†though he is all of 44, is leaving “to pursue other opportunities.†He should have a...
- Blog posts 2008-07-21
- You should bank on it: Rasara Strategies' Raymond C. Stewart says a lot of good news is ahead for banks - Private Screening - investing in banking industry securities - Brief Article - Interview
- Money manager Raymond C. Stewart says that bank stocks are in for a boom. Stewart's firm, Briarcliff Manor, New York-based RASARA Strategies Inc., manages $160 million in assets for institutional investors--money he invests in his specialty, bank stocks and financial services companies. He has covered banking for more than 20...
- Research articles 2002-01-01
- US jobs roundup: Reorganisation at Bank of America.
- Byline: Alexandra Henry Bank of America and Merrill Lynch made several internal appointments in the past week.Jon Sandelman, global head of equities at Banc of America Securities, the investment banking arm of Bank of America, was promoted to head of debt and equities in...
- Research articles 2004-02-23
- Bank of America Has a Culture Crisis
- Tom Shohfi submits: Like its fellow universal bank Citigroup C, Bank of America BAC has tapped the government for as much capital as it can and has helped rock financial stocks once again. First and foremost, in the interest of fair disclosure, I worked in Banc of America's capital...
- External links 2009-01-22
- Fessing up.(Salomon Brothers' 1994 report to stockholders admits poor performance and management problems)
- LIKE politicians, Wall Street bankers are famous for being somewhat economical with the truth. Or at least that is the conclusion to be drawn from the typical investment bank's annual report. Take the chairman's letter in the 1994 report of Bankers TruLIKE politicians, Wall Street bankers are...
- Research articles 1995-04-15
- Fitch Rates SBMS VII Sovereign Bank Mortgage Loan Trust 2002-1
- Business Editors NEW YORK--BUSINESS WIRE--Dec. 26, 2002 Salomon Brothers Mortgage Securities SBMS VII, Inc. Sovereign Bank Mortgage Loan Trust, series 2002-1 $532 million residential variable-rate mortgage pass-through certificates, classes A-1 through A-4 are rated 'AAA' by Fitch Ratings. In addition, Fitch rates class B-1 ($18 million) 'AA', class...
- Research articles 2002-12-26
- Middling through. (Lloyd's of London CEO Peter Middleton resigns while insurer is struggling to win approval to set up Equitas and is facing lawsuit)(Brief Article)
- IT'S always a bad time for someone to leave." Thus a Lloyd's spokesman on November 15th, on the departure of Peter Middleton, the insurance market's chief executive, to join Salomon Brothers, an American investment bank. Yet the truth is that ...
- Research articles 1995-11-18
- KELLEY OIL & GAS CORPORATION OFFERS $100 MILLION PRINCIPAL AMOUNT OF SENIOR NOTES DUE JUNE 15, 1999; Registration Statement for Four-Year Financing to Repay Bank Debt and Fund Drilling Activities Declared Effective by SEC
- HOUSTON, Texas--BUSINESS WIRE--June 14, 1995--KELLEY OIL & GAS CORPORATIO (Nasdaq:KOGC) announced that the registration statement for $100,000,000 principal amount of its 13-1/2 per cent Senior Notes Due June 15, 1999 was declared effective today by the Securities and Exchange Commission. The Senior Notes are being offered at 99.629 per...
- Research articles 1995-06-14
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