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This random selection from my daily reads changes each time the page is refreshed.
A group of investment banks which jointly underwrite and distribute a new security offering, or jointly lend money to a specific borrower. A banking syndicate is not a permanent entity, but forms specifically to handle a deal that might be too difficult or too risky for a single underwriter or borrower to handle. also called underwriting group or purchase group or banking syndicate or investment banking syndicate or distributing syndicate.
Financials Push Stocks Lower; Investors Shrug at Beige Book – October 21, 2009
October 20th, 2009Investors Stage a Late Selloff
Stocks retreated for a second day as banking, retail and technology shares led the session lower. The Dow Jones Industrial Average lost 92.12 points to finish the day off at 9,949.36. Broader stock indicators also fell into negative territory. The bank sector suffered on reports that the Obama administration will [...]
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