CHARLES MILHAUD
Former President and Chief Executive Officer of Caisse Nationale des Caisses d'Épargne. During his tenure in the company, he led a huge increase in size while attaining good returns. He also helped turned a small savings bank into one of the biggest banking groups in France. But this French businessman’s stay in the company was cut short due to a €600 million trading loss he made, which forced him to resign after spending his entire career with the firm.
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Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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