Understanding the historical context and modern applicability of the Bank Rate, including its impact on financial markets, interest rates, and monetary policy.
The Big Bang refers to the radical transformation of the London Stock Exchange (LSE) on 27 October 1986, which included the abolition of fixed commission rates and the separation between jobbers and brokers, facilitating the globalization and modernization of the LSE.
An extensive look at the BRADY PLAN, its historical context, implementation, types of debt instruments involved, key events, importance, applicability, related terms, famous quotes, and interesting facts.
A comprehensive article on Consols, a type of perpetual bond issued by the British government, covering historical context, key events, types, importance, applicability, examples, and more.
An in-depth look at the Corset, a UK monetary device used from 1973 to 1980 for controlling bank deposit growth and interest-bearing eligible liabilities.
An in-depth exploration of financial bubbles, their historical context, types, key events, causes, mathematical models, and lasting impact on financial markets and economies.
An in-depth look at the Financial Times Industrial Ordinary Share Index, including its historical context, types, key events, models, and its importance in the financial world.
A comprehensive guide on Inland Revenue, the former agency responsible for tax collection in the United Kingdom.
An exploration of the role of investment banks in financial markets, their historical development, key events, and their functions in mergers and acquisitions and capital financing.
An in-depth exploration of Lloyd's, a London institution whose members provide a wide range of insurance services globally. This article delves into its historical context, types, key events, and much more.
The Minimum Lending Rate (MLR) was the minimum rate at which the Bank of England lent to UK discount houses between 1971 and 1981, serving as a key interest rate benchmark.
An in-depth look at Mortgage Interest Relief at Source (MIRAS), a former UK tax allowance for mortgage interest payments.
A comprehensive look at the pooling-of-interests method, its historical context, accounting treatment, and implications.
A comprehensive overview of Savings and Loan Associations, their historical context, key events, significance, and related terms.
A comprehensive examination of Savings and Loan Associations (S&Ls), their history, functions, importance, and financial challenges in the United States.
A comprehensive overview of Warren Buffett, his investment philosophy, strategies, and impact on the world of finance.
A comprehensive overview of Black Monday, the historic stock market crash that occurred on October 19, 1987.
Interest incurred on personal debt and consumer credit, commonly known as consumer interest, was a significant aspect of personal finance. This entry provides a detailed exploration of its definition, historical context, implications, and related terms.
Curb Exchange, historically known as the American Stock Exchange (AMEX), refers to the earlier forms of stock trading conducted literally on the curbs outside the stock exchanges. This progressed into highly organized trading platforms and eventually was absorbed into modern stock exchanges.
Telegraph Money Order is a method of sending money urgently by placing cash with a telegraph office, which then wires the destination office to disburse the cash or an equivalent money order.
The 3-6-3 Rule refers to a slang term for the informal banking practices prevalent during the 1950s through the 1970s, characterized by non-competitive and simplistic conditions within the industry.
A comprehensive overview of Alan Greenspan's bio, his monetary policies as the 13th chair of the Federal Reserve, and his lasting legacy in economics.
Explore the history, functionality, and modern significance of the Amsterdam Stock Exchange (AEX). Founded in the 1600s with the Dutch East India Co., it is considered the oldest in the world and merged to form Euronext Amsterdam in 2000.
Discover the seminal contributions of Benjamin Graham, the father of value investing, his pioneering investment strategies, and the profound impact he has had on financial markets and investing principles.
An in-depth look at Black Monday, October 19, 1987, including its definition, causes, and the global stock market losses it triggered.
An in-depth examination of the Glass-Steagall Act of 1933, its objectives to separate commercial and investment banking, its impacts on the financial industry, and the circumstances surrounding its repeal in 1999.
An in-depth examination of Canada's 2006 decision to tax all income trusts domiciled in the country, known as the Halloween Massacre.
A comprehensive look at the jobber, a market maker on the London Stock Exchange prior to the mid-1980s, including its definition, role, historical context, and evolution.
John Bogle, the founder of the Vanguard Group, revolutionized investment strategies with his advocacy for index investing, leaving a lasting impact on the finance industry.
An in-depth guide to the Kenyan Shilling (KES), including its overview, historical background, usage in Kenya, the Sudan, and Somalia, and its significance in foreign exchange (FX) trading.
Explore the intriguing world of Liar's Poker, a game associated with Wall Street traders, and delve into its rules, strategies, and cultural impact. Discover the insights from the bestselling book that shares the same name.
Explore the in-depth history and significance of Merrill Lynch & Co., a prominent Wall Street investment firm, its acquisition by Bank of America in 2009, and the subsequent changes and developments.
An in-depth exploration of the New York Stock Exchange, covering its definition, how it operates, its history, and its global financial significance.
An in-depth exploration of NINJA loans, including their definition, historical context, and current availability, shedding light on their impact on the financial industry.
Explore the October Effect, a market anomaly suggesting that stocks tend to decline in October. Delve into its definition, historical examples, and the statistical evidence behind this phenomenon.
Explore the Resolution Trust Corporation (RTC), a temporary federal agency established to manage and resolve the savings and loan crisis of the 1980s, its historical context, purpose, and operational mechanisms.
An in-depth analysis of the Savings and Loan Crisis (S&L) that led to the failure of over 1,000 U.S. savings and loan institutions in the 1980s and 1990s, exploring its causes, impact, and the ensuing aftermath.
Explore the origins, significance, and functioning of the term 'The Old Lady,' a nickname for the Bank of England, stemming from an 1797 political cartoon.
Explore the history, financial services, and global impact of UBS, a leading multinational diversified financial services company headquartered in Zurich and Basel.
A comprehensive exploration of the Vienna Stock Exchange (Wiener Börse AG), covering its meaning, historical evolution, and economic significance in Southeastern Europe.
