The Federal Reserve Act of 1913 created the Federal Reserve Bank to respond to the unreliability and instability of a currency system that was previously based on banknotes issued by individual banks. The U.S. economy surpassed that of the United Kingdom, though world commerce still centered around the U.K., with transactions taking place in British […]

The most-quoted FTSE index is the FTSE 100, which tracks the top 100 companies by market cap in the U.K. If the financial media report that London stocks are up or down, they’re talking about the movements of the FTSE 100. Many market analysts, traders, and investors look to the FTSE 100 as a proxy […]

Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. The minimum tick size for stocks trading above $1 is one cent. A stock that goes from $9 to at least $9.01 would be considered to be on an uptick. […]

The 1997 revision aimed to enhance the BoJ’s independence, though pre-existing concerns simple and effective exit trading strategies about excessive independence and lack of accountability lingered. Article 4 of the new law emphasised the need for close collaboration between the BoJ and the government, ensuring harmony between currency control and economic policy. In 1882, inspired […]