Corporate Banking
What is Corporate Banking? Corporate banking is a very important division within many large commercial and bulge bracket banks; this team serves as a critical link between the commercial banking group and the capital markets/investment banking teams. Corporate banking teams provide financial services like cash management, payment processing, credit products, and hedging strategies to large...
Williams Act
What is the Williams Act? The Williams Act was enacted in 1968 in response to a series of hostile takeovers by large companies, which posed a risk to shareholders and company executives. The corporate raiders made tender offers for the stocks of target companies, giving very short timelines for acceptance. Such types of hostile takeovers...
Hart-Scott-Rodino Act
What is the Hart-Scott-Rodino Act? The Hart-Scott-Rodino Act, more commonly known as the HSR Act, is a United States antitrust law that is an amendment to the Clayton Antitrust Act. The HSR Act is named after senators Philip Hart, Hugh Scott, and Peter Rodino, who introduced the law in the US Congress. President Gerald Ford...
The S&P Sectors
What are the S&P Sectors? The S&P sectors constitute a method of sorting publicly traded companies into 11 sectors and 24 industry groups. Created by Standard & Poor’s (S&P) and Morgan Stanely Capital International (MSCI), they are also known as the Global Industry Classification Standard (GICS). S&P sorts companies into sectors based on their primary...
Basel II
What is Basel II? Basel II is the second set of international banking regulations defined by the Basel Committee on Bank Supervision (BCBS). It is an extension of the regulations for minimum capital requirements as defined under Basel I. The Basel II framework operates under three pillars: Capital adequacy requirements Supervisory review Market discipline ...
