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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.
Dow Comes Off of High; BofA and GE Earnings Sideline Investors – October 16, 2009
October 15th, 2009Stocks Close Lower
The cheers on Wall Street subsided on Friday as investors pushed stocks lower following disappointing earnings from Bank of America (BAC) and General Electric (GE). A dip in consumer sentiment also reminded investors that people are still struggling and not that confident in the economy just yet. The Dow Jones [...]
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