1. 2007-08 Financial Crisis: US and UK Financial Markets
These funds buy other securities earning interest and capital gains, which boosts the price of fund (C. ... Derivatives are defined as securities which prices are dependent upon or derived from one or more underlying assets (Investopedia, 2003). ... At that time US financial industry was dominated by five investment banks; Bear Stearns, Goldman Sachs, Lehman Brothers, Morgan Stanley and Merrill Lynch, two financial conglomerates; JP Morgan and Citigroup, three security insurance companies; AIG, AMBAC and MBIA, and three rating agencies; Moody's, Standard & Poor's and Fitch. ... CDO ...
- Word Count: 2663
- Approx Pages: 11
- Has Bibliography
- Grade Level: Undergraduate