Bankers – Page 3 – itho's internet resources

What Was Enron? What Happened and Who Was Responsible

By Itho August 11, 2005

[ad_1] Select Events, Enron Corp. 1990 Jeffrey Skilling (COO at the time) hires Andrew Fastow as CFO. 1993 Enron begins to use special-purpose entities and special purpose vehicles. 1994 Congress…

Dow Jones CDX: How It Operates and Benefits Investors

By Itho July 28, 2005

[ad_1] The credit default swap index (CDX) is a benchmark financial instrument comprising credit default swaps (CDS) issued by North American or emerging market companies. Each CDX tracks a basket of…

Dutch Auctions: How It Works in IPOs and Treasury Sales

By Itho November 27, 2003

[ad_1] In a Dutch auction, an auctioneer starts with a high price and lowers it until someone bids. This differs from traditional auctions, in which the price starts low and…

Credit Union: Definition, Membership Requirements, and vs. Banks

By Itho November 20, 2003

[ad_1] What Is a Credit Union? A credit union is a type of financial cooperative that provides traditional banking services. Ranging in size from small, volunteer-only operations to large entities…

What Is a CUSIP Number, and How Do I Find a Stock or Bond CUSIP?

By Itho November 20, 2003

[ad_1] What Is a CUSIP Number? CUSIP numbers are used to create a concrete distinction between financial securities that are traded on public markets, including equity, debt, derivative, and others.…

What It Means in Banking and Finance

By Itho November 20, 2003

[ad_1] What Is a Custodian? A custodian is a bank or other financial institution that holds and safeguards customers' securities to prevent theft, loss, or damage. Custodian banks may store…