BUS 330 Lecture Notes - Lecture 2: United States Treasury Security, Insider Trading, Federal Deposit Insurance Corporation

• School: Stony Brook University
• Department: Business Management
• Course: BUS 330
• Professor: Michael Nugent

Document Summary

Bus 330 finance | ch. 2 notes (class) Dodd-frank reform wall street to protect consumers in response to the financial crisis in 2008; bill was passed in 2010. Nerd wallet good advice and rankings for credit cards. Channel savings of individuals and other into loans. Private placements individuals that want to directly invest in a company. Glass-steagall act created federal deposit insurance programe and separated activities of commercial and investment banks. Banks could no longer lend money for individuals to invest in banks. Shadow banking syt instit tht engage in lending activities but don"t accept deposits. Not subj to same regs as trad banks. Secondary preowned securities traded (not new issues: example: student selling a textbook to someone publisher makes no money. Broker mkts bring buyer and seller together (nyse) Dealer mkts dealers spread across globe that make markets and. Eurobond mkt cop & gov"t typically issue bonds denom in dollars and sell to investors located outside us.