An income statement is a report that a company generates in order to communicate how much…
Month: February 2021
Balance Sheet
A balance sheet is designed to communicate the “book value” of a company. It’s a simple…
High-Frequency Trading Firms
(1) Virtu Financial — Founded in 2008 by Vincent Viola and Doug Cifu, Virtu is one…
US Equity Markets
A controversial part of Robinhood’s business tripled in sales thanks to high-frequency trading firms Robinhood Gets…
Underbanked References
https://www.fdic.gov/householdsurvey/2017/2017report.pdf https://www.mckinsey.com/industries/public-sector/our-insights/the-economic-impact-of-closing-the-racial-wealth-gap https://www.newamerica.org/family-centered-social-policy/reports/racialized-costs-banking/overview/ https://www.mckinsey.com/industries/public-sector/our-insights/the-economic-impact-of-closing-the-racial-wealth-gap https://www.responsiblelending.org/sites/default/files/nodes/files/research-publication/crl-overdraft-covid19-jun2019.pdf https://www.pewtrusts.org/en/research-and-analysis/articles/2018/03/21/millions-use-bank-overdrafts-as-credit https://files.consumerfinance.gov/f/201505_cfpb_data-point-credit-invisibles.pdf https://www.pewresearch.org/fact-tank/2018/12/12/more-americans-are-making-no-weekly-purchases-with-cash/ https://www.federalreserve.gov/publications/2019-economic-well-being-of-us-households-in-2018-dealing-with-unexpected-expenses.htm Underbanked7 The data on racial disparity…