Word: bondses
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Aeneas is known for its risky venture capital investments, unusual for University endowments, which once stuck to more traditional investments like stocks and bonds.
The irony is that the accelerating slide into irrelevance comes just as the banks racked up record profits of $43 billion over the past 15 months, creating the impression that the industry is staging a comeback. But that income was not the result of smart lending decisions. Instead of earning...
That drive was underscored last month when the Federal Reserve gave Chemical the green light to sell and underwrite corporate bonds. Normally banks are barred from such investment-banking activity under the Glass-Steagall Act of 1933. But the Fed cited a loophole, and its decision allows certain banks to...
Students may not eat all meals in their respective houses if alternative dining privileges become available to them under their board contracts, but Heinicke says he does not worry that fewer meals together will weaken the bonds of housemates.
Soros can afford to make a difference in the East because he makes money in the West. Lots of it. His personal wealth is estimated at $1 billion, and as the founder and manager of the Quantum Fund -- in effect a series of funds speculating in commodities, currencies, stocks, bonds...