company-finance
Between 2003 and 2013, J.P Morgan and 14 other major banks got caught rigging the foreign exchange market. Traders at these banks used private chat rooms to coordinate their trades and manipulate prices, which meant that they were basically cheating their customers to make more profit. Case Name: In re Foreign Exchange Benchmark Rates Antitrust Litigation (Case…
This post is instalment 3/3 of the essential financial statements series. Cash flow statements show how cash moves in and out of a company over a specific period of time. They can be incredibly insightful tools to understanding the management of a business’s finance and they can be very revealing of a company’s financial health…