Derivatives

Notional Value The total value of a leveraged position’s assets. This term is commonly used in the options, futures and currency markets because in them a very little amount of invested money can control a large position (have a large consequence for the trader). For example, one S&P 500 Index futures contract obligates the buyer […]

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Inemuri

Sleep, or rather the lack of it makes us less able (if not downright dangerous) in the workplace according to sleep expert Dr Neil Stanley of the Norwich University Hospital. “Sleep is as important as diet and exercise when it comes to the nation’s health,” says Dr Stanley, “but we place no importance on it […]

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Black swan theory

“So far, the losses reported on Wall Street are staggering. But rumors of much larger losses are being whispered…and at least one source has suggested that the firms may be bankrupt…crushed by total system-wide losses of more than $3 trillion.” In Nassim Taleb’s definition, a “black swan” is a large-impact, hard-to-predict, and rare event beyond […]

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World's Largest Law Firms

This list of the world’s largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue: 1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK); 2. Linklaters, £935.2m – International (UK); 3. Skadden, Arps, Slate, Meagher & Flom, £884.6m – New York City […]

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Singapore apparently paid Citi more when China refused

Singapore apparently paid Citi more when China refused By MarketWatch Last update: 9:25 a.m. EST Jan. 15, 2008 The Singapore government’s main investment vehicle agreed to increase the amount it planned to inject into Citigroup (C:C 26.24, -0.70, -2.6%) “apparently to cover” the approximately $2 billion Citi had unsuccessfully sought from the government of China, […]

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Citigroup, Merrill Lynch Get $21 Billion From Outside Investors

Citigroup, Merrill Lynch Get $21 Billion From Outside Investors By Yalman Onaran Jan. 15 (Bloomberg) — Citigroup Inc. and Merrill Lynch & Co., two of America’s largest financial institutions, turned to outside investors for a second time in two months to replenish capital eroded by subprime mortgage losses. Citigroup, the biggest U.S. bank, is getting […]

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