bring-down n.— «At the same time the advanced due-diligence process, known as “bring-down,” being undertaken by B&B’s advisers had started to turn up some disturbing figures in the mortgage book.» —“B&B had to pass the...
fat tail n.— «Finance is about numbers, and some numerical analysis will always be needed to see trends and plan investment strategies. But there are limits to numerical jugglery, and this is the underlying message of the current round of...
black swan n.— Note: Probably related to the theories of philosopher Karl Popper. «Finance is about numbers, and some numerical analysis will always be needed to see trends and plan investment strategies. But there are limits to numerical...
snoutcast n.— «You see them everywhere, huddled together in doorways and outside buildings—whatever the weather, giving their lungs their nicotine “snack.” They are Britain’s smoking employees, now dubbed “snoutcasts.” Since a...
mattressing n.— «In the leaked testimony, Mr Kerviel even spoke of a technique called “mattressing,” the term used by other traders and managers at the bank to hide their results.» —“Custom and practice, or a man with a lot to...
go doughnuts v. phr.— «In bailing out Countrywide Financial, the Bank of America CEO might have spared the kind of worst-case meltdown the market has been fearing for months. “This was good for the financial system,” is how...