SALOMON BROTHERS
Salomon Brothers was one of the largest Wall Street bulge bracket financial service companies. It was founded in 1910, but was acquired by Phibro Corporation in 1981 and became known as Phibro-Salomon. In 1997, it merged with Smith Barney and formed Salomon Smith Barney. Then, the bank merged with Citigroup and served as the investment banking arm. Starting in 2003, Salomon Smith Barney adopted the Citigroup name.
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Capital Accumulation
This talks about the earnings that a firm uses to raise its capital base. Capital accumulation includes gaining additional assets that can be used ...
Defined-Contribution Plan
A retirement plan where the percentage of money is set aside each year by the company for the benefit of their employees. There are restrictions as ...
Unscheduled Recast
Unscheduled Recast is a recomputation of remaining loan amortization schedule that is not scheduled. Some loans have contractual terms that when tr ...
Recompense
The act of giving a target person or entity some form of monetary benefit as a result of performing some action or some action happening to the tar ...
Tortoise Rally
Slow and steady appreciation of market prices through time. This is more beneficial to long-term retail investors since they enjoy steady gains fro ...
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Macroeconomics: Basic Concepts
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