Buy custom Profiles In American Enterprise
Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
11 / 3019 |
Essay's paper body
The fall
of interest rates was great for the brokerage firms because of the
increase in business with the public's desire to invest. So the
corporations used it to issue off more stock to the public to pay off
their debts (Hoover, 1993, p. 2).
As if interest rates didn't have enough effect on brokerage firms, there
is also the heavy competition that was involved...
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This competition is
not only from other top broker-age firms such as Merrill Lynch, Morgan
Stanley, Primerica (Smith Barney Shearson), Salomon, and Goldman Sachs,
but there is also competition from big banks and securities over seas.
Banks have a number of ways to compete with security firms, but the most
prevalent and direct is through mutual funds...
Essay fragment
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