Bulk risk occurs when a bank or other financial institution has too many eggs in one basket. It has given out too much money to one person or company. If that borrower has trouble paying the money back, it could spell big trouble for the bank. Banks have special rules they need to follow so…

A bulge bracket is a fancy name for the biggest and most important investment banks and securities firms in the world. These companies handle tons of money every day. They work on the largest deals you can imagine for businesses and governments. The Heavy Hitters Only a few firms are considered part of the bulge…

A building society is a type of bank in the United Kingdom. But it is not exactly the same as other banks. Building societies focus mostly on savings accounts for regular people. They also give out mortgages, which are loans to buy homes. In the past, building societies were set up to help people save…

A broker loan is a type of loan that banks give to securities firms or brokers. The loan is for a short time and the securities firm or broker must pay it back quickly. The securities that the firm or broker buys with the loan money are used as collateral. This means the bank can…

The Broad Evidence Rule is part of insurance law. It applies when something is damaged or destroyed, and the owner files a claim with their insurance company to collect money. Figuring out how much to pay Under the Broad Evidence Rule, the insurance company can examine all kinds of information to determine the actual cash…

Bridge equity is money that banks or investors give to a leveraged buyout (LBO) fund or private equity fund. This money helps the fund buy a company. The fund uses bridge equity when it does not have enough of its own money yet to pay for the whole company. Bridge equity is a special kind…