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InvestorGuide Contributors
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.
Bernanke’s Comments Spur Rally; S&P 500 Shoots above 1,100 – November 16, 2009
November 16th, 2009Stocks Continue Rally
Stocks climbed to fresh 13-month highs on Monday after comments from Federal Reserve Chairman Ben Bernanke reiterated that interest rates would remain low. The Dow Jones Industrial Average added 136.49 points to cap off the session at 10,406.96. Broader stock indicators also pushed higher before the closing bell. The day started off with [...]
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