- Firm reputation and insider trading: The investment banking industry
HEADNOTE Firm reputation is an important concern among investment banks. This study examines insider trading of the investment banking industry to determine whether the concern for firm reputation can effectively restrain insider behavior. We find that in the early aftermarket post initial public offering, investment banks act to support the ......
- Firm Reputation and Insider Trading: The Investment
Banking Industry.
Firm reputation is an important concern among investment banks. This study examines insider trading of the investment banking industry to determine whether the concern for firm reputation can effectively restrain insider behavior. We find that in the early aftermarket post initial public offering, investment banks act to support the initial ......
- The CRO is here to stay
HEADNOTE The role of a chief risk officer (CRO) has begun to gain worldwide acceptance and momentum over the past several years. A trend that began in the U.S. financial services industry has extended into Europe and Asia, as well as other industries, such as energy and nonfinancial corporations. IMAGE ......
- Virtual exchange challenge
Electronic capabilities have forever changed how securities markets work, allowing buyers and sellers to connect directly, without exchanges or brokers. Unless these intermediaries can demonstrate their value, they face extinction. Three fundamental changes are going on. First, the rise in popularity of electronic commerce networks (ECNs) driven by speed of ......
- Taking Over.
Veteran investment banker Scott E. Wendelin, soon to be ensconced in new quarters in the Water Garden office complex in Santa Monica, has quietly assumed duties as head of investment banking for regional brokerage Sutro & Co. Inc. He will also take a board seat at the parent company, Boston-based ......
- The business of banking: Before and after Gramm-Leach-Bliley
IMAGE TABLE 4 I. INTRODUCTION The Gramm-Leach-Bliley Actl was enacted with enormous, indeed histrionic fanfare at the end of 1999. The fanfare seems misplaced because Gramm-Leach-Bliley is not a very important statute. Ostensibly, the most important feature of the new law was the repeal of the Depression-era Glass-Steagall Act,2 which ......
- Investors Like Positioning Of Web Banking
Company.
IN the eight months that online banking services provider Digital Insight Corp. has been trading on Nasdaq, the company has seen its stock price jump from $19 to $86, only to fall back back below $40. That's not terribly unusual, considering the fluctuation of the tech-heavy index and the general ......