The original national banking laws essentially forbade national banks from making residential mortgage loans. Savings institutions—variously known as savings and loans, savings banks, and building associations—helped fill the gap. The U.S. thrift industry’s roots...
Gold Standard Introduction A Monetary system in which economic unit of account is a fixed weight of gold is called as gold standard. A gold standard system can be classified in various kinds. The gold...
A stock market index is an aggregate value arrived at by combining several stocks or other investment vehicles and expressing their total values against its value as on a specified base year. It is...
The Minneapolis Grain Exchange, MGEX for short, is the principal market for trade in futures and options contracts for hard red spring wheat (HRSW) that is grown primarily in the northern plains of USA...
The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000; by identifying, monitoring and addressing risks...
The National Credit Union Administration (NCUA) is the independent federal agency that regulates charters and supervises federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and...
The New York Mercantile Exchange (NYMEX) offers derivative products in commodities. It is part of the CME Group of Chicago, which also owns and operates the Chicago Mercantile Exchange, the Chicago Board of Trade...
The Montreal Exchange (Bourse de Montréal) or simply MX is a futures and options (derivatives) exchange located in the Canadian city of Montreal. Along with equities, it offers derivative products in currencies, indices, Exchange...
The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. FINRA’s mission is to protect America’s investors by making sure the securities industry...
The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial...
The term deep discount broker is a kind of discount broker who is professionally regulated and who buys and/or sells shares of stock and other securities through market makers or “agency only” firms. This...
The pound sterling, also called the pound, is the legal tender of the United Kingdom, its Crown Dependencies (the Isle of Man and the Channel Islands) and the British Overseas Territories of South Georgia and the South Sandwich Islands, British Antarctic...
Pump and dump is a type of stock scam. Under this fraud, the operators of a security artificially inflate its price. Once the price is increased, these operators offload their cheaply acquired stock to...
The Chicago Mercantile Exchange (CME), a financial and commodity futures and options exchange located at 20 S. Wacker Drive, Chicago, was established in 1898 as an agricultural commodities exchange as Chicago Butter and Egg...
OMX AB, formed out of the merger between OM AB and HEX plc, is the holding company for eight stock exchanges in Scandinavia and Nordic and Baltic countries. It is a Swedish-Finnish company whose...