Banks!

Banks –  Concerns for Startups  (via Pinsky Law, “Banks“) Banks are a major source of both short term and long term funding for many conventional companies. Through borrowing, an entrepreneur is able to acquire the funds he needs to operate his business without giving up control of a business. For startups the principal problem with … Continue reading

Is the Party Over?

[commenting on Sherman’s “The Emasculation of Wall Street”] notes on Lavelle, Louis. “Wall Street: Is the Party Over for MBAs?” Bloomberg BusinessWeek (online). 7 February 2012. – Big cuts in compensation have been accompanied by a decrease in recruiting and hiring of baby investment bankers. -Probably has the most to do with an oversupply problem — there … Continue reading

The End of Wall Street As They Knew It

notes on Sherman, Gabriel. “The End of Wall Street as they Knew It.” New York Magazine. 5 February 2012. From the outside, the seven- and eight-figure payouts that star bankers earned could seem obscene, immoral even. But on the inside, the outlandish compensation reflected a strict, almost moral logic. -Wall Street as meritocracy means that the bonuses are … Continue reading

Commercial Banks and Corporations

This is me getting up to speed on things everybody else is clear on. Can also be a place to stick any new info we come across. An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client’s agent in the issuance of … Continue reading