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The field of finance refers to the
concepts of time, money and risk and how they are interrelated. The term
"finance" may thus incorporate any of the following: The study of money and
other assets; The management and control of those assets; Profiling and managing
project risks; The science of managing money; The industry that delivers
financial services. As a verb, "to finance" is to provide funds for business or
for an individual's large purchases (car, home, etc.).
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Financial services refer to services
provided by the finance industry. The finance industry encompasses a broad range
of organizations that deal with the management of money. Among these
organizations are banks, credit card companies, insurance companies, consumer
finance companies, stock brokerages, investment funds and some government
sponsored enterprises. As of 2004, the financial services industry represented
20% of the market capitalization of the S&P 500 in the United States.
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American Express
American Express (NYSE: AXP), sometimes
known as "AmEx" or "Amex", is a diversified global financial services company,
headquartered in New York City. The company is best known for its credit card,
charge card and traveler's cheque businesses.
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American Finance Association
The American Finance Association is an
academic organization whose focus is the study and promotion of knowledge of
financial economics. It was formed in 1939. Its main publication, the Journal of
Finance, was first published in 1946.
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Bank of America
Bank of America (NYSE: BAC TYO: 8648) is
the largest commercial bank in the United States by deposits and second largest
by market capitalization.
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Canadian Imperial Bank of Commerce
The Canadian Imperial Bank of Commerce
(TSX: CM NYSE: CM), better known to most customers as CIBC, is one of Canada's
major banks. CIBC is classified as a Domestic Chartered Bank (Schedule I). With
its headquarters in Toronto, Ontario, it also operates in the United States, the
Caribbean, Asia and the United Kingdom. CIBC provides a full range of products
and services to more than 11 million clients. It is currently Canada's fifth
largest chartered bank and has a worldwide workforce of 40,457 employees. CIBC
ranks number 159 on the Forbes Global 2000 list (2008 edition).
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Capital One
Capital One Financial Corp. (NYSE: COF) is
a McLean, Virginia-based bank holding company specializing in credit cards, home
loans, auto loans, banking, and savings products. A member of the Fortune 500,
the company helped pioneer the mass marketing of credit cards in the early
1990s, and it is now the fourth largest customer of the United States Postal
Service.
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Chase
Chase is the consumer and commercial
banking division of JPMorgan Chase. The bank was known as Chase Manhattan Bank
until it acquired JPMorgan in 2000. Chase Manhattan Bank was formed by the
merger of the Chase National Bank and the Bank of the Manhattan Company in 1955.
The bank is headquartered in Chicago.
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CNNMoney.com
CNNMoney.com is the world's largest
business website. The site is the online home of Fortune, Money, and FSB:
Fortune Small Business magazine, and serves as CNN.com's exclusive business
site. The site, together with the three titles, is part of the Fortune|Money
Group, and attracts more than 7.4 million unique visitors per month, according
to Nielsen/NetRatings 1H07 data. CNNMoney.com is a division of Time Warner Inc.,
the world's largest media company, and is available online or through Internet
enabled mobile devices at CNNMoney.com.
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Equifax
Equifax Inc. (NYSE: EFX) is a consumer
credit reporting agency in the United States, considered one of the big three
American credit agencies along with Experian and TransUnion. Founded in 1899,
Equifax is the oldest of the three agencies and gathers and maintains
information on over 400 million credit holders worldwide. Based in Atlanta,
Georgia, Equifax is a global service provider with US $1.5 billion in annual
revenue and 7,000+ employees in 14 countries.
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Forbes
Forbes is an American publishing and media
company. Its flagship publication, Forbes magazine, is published bi-weekly. Its
primary competitors in the national business magazine category are Fortune,
which is also published bi-weekly, and Business Week. The magazine is well-known
for its lists, including its lists of the richest Americans (the Forbes 400) and
its list of billionaires. The motto of Forbes magazine is "The Capitalist Tool."
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Google Finance
On March 21, 2006, Google, Inc. launched
the new Google Finance website. The service features business and enterprise
headlines for many corporations including their financial decisions and major
news events. Stock information is available, as are Adobe Flash-based stock
price charts.
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International Finance Corporation
The International Finance Corporation
(IFC) promotes sustainable private sector investment in developing countries as
a way to reduce poverty and improve people's lives. IFC is a member of the World
Bank Group and is headquartered in Washington, DC. It shares the primary
objective of all World Bank Group institutions: to improve the quality of the
lives of people in its developing member countries.
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MasterCard
MasterCard Worldwide (NYSE: MA) is a
multinational corporation based in Purchase, New York, USA. Throughout the
world, its principal business is to process payments between the banks of
merchants and the banks of purchasers that use its "MasterCard" brand debit and
credit cards to make purchases. MasterCard Worldwide has been a publicly traded
company since 2006. Prior to its initial public offering, MasterCard Worldwide
was a membership organization owned by the 25,000+ financial institutions that
issue its card.
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Motley Fool
The Motley Fool is a commercial website
about stocks, investing, and personal finance. The Alexandria, Virginia-based
private company was founded in July 1993 by co-chairmen and brothers David and
Tom Gardner, and Erik Rydholm, who has since left. The company employs
approximately 200 people.
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PayPal
PayPal is an e-commerce business allowing
payments and money transfers to be made through the Internet. It is also a
European bank based in Luxembourg. It serves as an electronic alternative to
traditional paper methods such as cheques and money orders. PayPal performs
payment processing for online vendors, auction sites, and other corporate users,
for which it charges a fee. It sometimes also charges a transaction fee for
receiving money (a percentage of the amount sent plus an additional fixed
amount). The fees charged depend on the currency used, the payment option used,
the country of the sender, the country of the recipient, the amount sent and the
recipient's account type. On October 3, 2002, PayPal became a wholly owned
subsidiary of eBay. Its corporate headquarters are in San Jose, California,
United States at eBay's North First Street satellite office campus. The company
also has significant operations in Omaha, Nebraska, Scottsdale, Arizona and
Austin, Texas in the U.S.; India, Dublin, Ireland; and Berlin, Germany.
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TD Canada Trust
TD Canada Trust is the personal, small
business and commercial banking operation of The Toronto-Dominion Bank (TD). TD
Canada Trust offers a range of financial services and products to more than 10
million Canadian customers through more than 1,000 branches and 2,700 ATMs.
People often incorrectly use "TD Canada Trust" to refer to the whole bank after
the merger in 2000, although TD Canada Trust only makes up the bank's largest
division.
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United States Senate Committee on Finance
The U.S. Senate Committee on Finance (or,
less formally, Senate Finance Committee) is a standing committee of the United
States Senate. It concerns itself with matters relating to the bonded debt of
the United States; customs, collection districts, and ports of entry and
delivery; deposit of public moneys; general revenue sharing; health programs
under the Social Security Act (notably Medicare and Medicaid) and health
programs financed by a specific tax or trust fund; national social security;
reciprocal trade agreements; revenue measures generally and those relating to
the insular possessions; tariff and import quotas, and related matters thereto;
and the transportation of dutiable goods.
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Visa
Visa Inc. (NYSE: V), commonly called VISA,
is a multinational corporation based in San Francisco, California, USA. The
company operates the world's largest retail electronic payment network, managing
payments among financial institutions, merchants, consumers, businesses and
government entities. Before Visa Inc's IPO in early 2008, it was operated as a
cooperative of some 21,000 financial institutions that issued and marketed Visa
products including credit and debit cards.
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Washington Mutual
Washington Mutual (or WaMu; NYSE: WM) is
the United States' largest savings and loan association. Despite its name, it is
not a credit union, and ceased being a mutual company in 1983. It is publicly
traded on the New York Stock Exchange.
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Yahoo! Finance
Yahoo! Finance is a service from Yahoo!
that provides financial information, including stock quotes, stock exchange
rates, corporate press releases and financial reports, and popular message
boards for discussing a company's prospects and stock valuation. It also offers
some hosted tools for personal finance management. Yahoo! Finance Worldwide
offers similar portals localized to assorted large countries in South America,
Europe, and Asia.
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This is World News
Newspapers, Magazines, Radio, Television,
Weblogs & World Wide Web Pages.
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