What Is a Vostro Account? A vostro account is an account a correspondent bank holds on behalf of another bank. These accounts are an essential aspect of correspondent banking in which the…
Stocks Enter a Correction on Increased Coronavirus Worries
Markets Today U.S. markets were in free fall today and the selling gathered momentum into the close, as California announced that it was monitoring 8,400 people for potential coronavirus infections. The DJIA…
Guaranteed Minimum Pension (GMP) Definition
What Is the Guaranteed Minimum Pension (GMP)? The Guaranteed Minimum Pension is the minimum pension that a United Kingdom occupational pension scheme must provide those public sector employees who were contracted out…
Overview of Vanguard Wellington Fund
In the ever-changing world of investing, the Vanguard Wellington fund is a true survivor. Founded in 1929, it was the first balanced mutual fund in the United States. From an initial investment…
Etsy Stock Breaks Out After Q4 Earnings Beat
Etsy, Inc. (ETSY) shares rose more than 14% during Thursday’s session after the company reported better-than-expected fourth quarter financial results across both marketplace and services. Revenue rose 35% to $270 million, beating…
Is There an Index for Tracking Mid-Cap Stocks?
There are several indexes for tracking mid-cap stocks. The most widely referenced is the S&P Mid-Cap 400but others include the Russell Midcap and Wilshire US Mid-Cap Index. Used as a tool for…
The Best Designation for Advisors: CFP®, CFA, or CPA?
You’re probably familiar with the debate over which designation can offer the most opportunities for financial professionals: Certified Financial Planner (CFP®), Chartered Financial Analyst (CFA), or Certified Public Accountant (CPA). We’ve written…
Loan Grading Definition
What Is Loan Grading? Loan grading is a classification system that involves assigning a quality score to a loan based on a borrower’s credit historyquality of the collateraland the likelihood of repayment…
Top 15 of the best memes about the English, our worst enemies
As you probably know (if football matters to you at all), the French team will soon face the England team in the quarter-finals of the World Cup, and the objective is clear:…