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 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...
The year 2020 has been a rough year for many companies, from retail restaurants to entertainment industries and other kinds of businesses, the economic impact of the coronavirus pandemic on businesses...
Age39 (October 10, 1980)NationalityUnited States of AmericaEducationSt. Vincent-St. Mary High School (SVSM) in Akron; Western Michigan, University of AkronProfessionBusinessman, LeBron Jam...
Yesterday, the Senate Majority Leader Mitch McConnell (R-Ky.) announced the long-awaited upper chamber's coronavirus stimulus package Health, Economic Assistance, Liability Protection, and Schools, or...
In 2018, 30-year-old Jade Colin, a native of New Orleans became the first black woman to ever own a McDonald Franchise. She was reported to have started as an employee with McDonald, shuffling bot...
The back-end ratio, also known as the debt-to-income ratio, is a ratio that indicates what portion of a person's monthly income goes toward paying debts. Total monthly debt includes expenses, suc...
On Wednesday, Facebook announced that it would be launching initiatives that will help support black-owned businesses. As a result of this initiative, Facebook would be dedicating $40 million from ...
Chapter 11 is a bankruptcy filing with the SEC which is undertaken by any company which cannot pay its creditors and is therefore bankrupt. The Chapter 11 filing provides bankruptcy protection to the ...
A commercial bank is one which operates the more traditional model of banking. Some of the roles of a commercial bank are:Provide a savings account for customers to safely store their moneyO...