Merrill Lynch

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    The amount that they are able to borrow depends on their securities on their portfolio, and the Loan to Value Ratio (LVR) and the credit limit depend on the investors’ financial position. Opes Prime Stockbroking lent with a high LVR up to 95%, meaning that a client could borrow up to 95% of the value of the speculative shares he owned. As more speculative shares were invested by clients, and this also added the credit risk to the company. It did not follow the margin lending rule, instead, it managed agreements with external client investor, at the same time, it sold these clients’ shares to ANZ and Merrill Lynch, and they would only get what was left after ANZ and Merrill Lynch were paid out. External client investors weren’t aware about the documents and agreements they had signed, and become unsecured under the illegal operations of the Opes Prime Company. ANZ and Merrill Lynch were the two large secured creditors of the Opes Prime Company who owed $650 million and $350 million respectively. Hence all the legal title of share portfolios that were owned by Opes Prime’s investors has been transferred to those creditors that it had signed the agreements with. When the agreed level of an investor’s investments falls below the VLR, a margin call may have to meet, which might because of a decrease in the share price of an individual company, or a fall in the overall market. The margin loan requires the investors to respond in short time periods, which could be less than 24…

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    Merrill Lynch: A Career

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    On June 8th, 2015, I started my job at Merrill Lynch. When working men and women think about their career, they would think that two and a half years is just a hiccup. To me though, it has been my entire working career. A career, it is hard to think that I already have a career at 21 years old. I truly believe that Merrill Lynch will be my home for a very long time. I work with very successful people on a daily basis at Merrill Lynch. I have been able to perform well enough over the past two…

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    is the current CFO of Bank of America. He worked for 17 years with an accounting firm. He then joined Hughes Electronics Corp. in 1990 as a corporate vice president and controller. From 1990 to 2005, he has worked at several corporations as a CFO. From 2005 to 2010, he has been employed by Bank of America. He has had a long run of experience in his field. Anne M. Finucane has been with Bank of America since 2005. As of 2010, she is the director of global strategy and marketing. She is in charge…

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    The man is tall and husky, his glasses reflect a shine made from the light of the fire. He peacocks being dressed head to toe in new Columbia hiking gear, the REI sticker still on his pants. His wife along side him dressed almost the same, except for the more feminine colors. They are polite and add firewood as a kind gesture to partake in the fire. They seat themselves on chopped tree blocks left by previous adventurers, She pulls out a bag of hotdog buns and sausages and proceeds to roast them…

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    Twin Peaks: The Return

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    But, with this amount of depth, sophistication of character development, non-linear storytelling and the level of patience required for the numerous dialogue-less segments, what is experienced during The Return’s 18 hours is hardly just television, it is in fact, quite the cinematic experience. Nonetheless, the odds of anything like The Return ever being made again are slim. The Return is an anomaly to what is considered television or even film — it’s unique in that it is the apex of everything…

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    Having a supportive role model can shape an individual’s future and turn their life around if struggling. In The Other Wes Moore One Name, Two Fates, by Wes Moore, both Wes Moore’s made bad decisions, but the question arises from whether or not a role model turned the author’s life around. In “I Just Wanna be Average”, by Mike Rose, and “The Achievement of Desire”, by Richard Rodriguez, Rose and Rodriguez also had great role models who helped them in becoming successful. The author’s role…

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    one or a small group of commercial or investment banks which takes overall control of structuring, pricing and inviting other lenders into a loan syndication. Typically, in a syndicated loan facility, the initial lenders of the loan also having the title of Lead Arranger. In most transactions, the Lead Arranger drives the deal; sets the terms; interfaces with the client and investors; prepares, negotiates, and closes documents; and manages the syndication process. Consequently, the Lead Arranger…

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    THE PROBLEM Bear Stearns sponsored two hedge funds through its subsidiary, Bear Stearns Asset Management. The main fund, the High-Grade Structured Credit Strategies Fund, was made up of complex derivatives backed by home mortgages. During most of its life it was highly profitable but as the housing market began to stutter in late 2006 the returns suffered. This fund was leveraged at 35 times its invested funds. As the market worsened the returns of the two funds sank. In urging investors to stay…

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    Bear Stearns Case Summary

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    he problem Bear Stearns under the auspices of two hedge funds through its subsidiary, Bear Stearns Asset Management. The main fund, the structural fund high-quality credit strategies, and consists of a complex Derivatives backed by mortgages. During most of his life was very profitable but also The housing market began to stutter in late 2006 suffered returns. It has been collected in this fund 35 His times the money invested. With the deterioration of the proceeds of the two funds market sank.…

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    Who Is Sam Tabar?

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    In December of 2015, FullCycle Energy named Sam Tabar as its chief operating officer, according to Private Equity Wire. Tabar is an attorney and financial strategist who has spent years managing the budgets of large institutions and corporations. Prior to signing on with FullCycle Energy, Tabar served as Merrill Lynch’s Bank of America head of capital financing. As head of Capital, Tabar worked would introduce hedge-fund managers to large groups of institutional investors that included…

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