A basis point is a unit of measure that is equal to 0.01 percentage points, i.e. a bond with a yield of 450 basis points has a yield of 4.5% (450 x 0.01).Basis points are used when pricing bond yields...
Basel III is a set of measures aimed at reforming the global banking sector in the wake of the 2008 financial crisis to make the financial sector more stable. The main focus of Basel III is to increas...
A bank run is a situation when the customers of a commercial bank all attempt to withdraw their deposits within a very short space of time due to a lack of confidence in the solvency of the bank. If, ...
A bank in the general sense is simply a financial institution which receives customer deposits. Due to the fact that banks have control over the money of the general population, they are usually highl...
A balance sheet is one of the three financial statements that are used to value a company and to show what it owns or owes. The Balance Sheet lists all assets, liabilities and shareholder's equit...
Backwardation is a trading term used to refer to a situation where the price of a future for a specific asset is lower than the expected spot price at the time of expiration of the future...
The back office is the section of a firm responsible for functions related to the running of the company such as:SettlementsComplianceAccountingIT & Other Technology...
Audit is a way of examining firm or account practices. Auditing is a service provided by financial service firms (i.e. Deloitte, PriceWaterHouse Cooper, KPMG, Ernst & Young). I...
An Associate is the second lowest ranking of the front-office roles within an investment bank. The responsibilities are similar to those of an analyst, except with more emphasis on managing the A...
Asset Management is a team within a financial firm that is dedicated to managing the assets (cash, investments etc.) of clients. The asset management firm has dedicated portfolio managers as well...