Industry WIKI

Jean-Louis Lévesque, (April 13, 1911 – December 28, 1994) was a Canadian entrepreneur, thoroughbred racehorse owner, and philanthropist.

Jeffrey Alexander "Jeff" Frankel (born November 5, 1952, in San Francisco, California) is an international macroeconomist. He works as the James W. Harpel Professor of Capital Formation and Growth at Harvard Kennedy School.

In finance, Jensen's alpha (or Jensen's Performance Index, ex-post alpha) is used to determine the abnormal return of a security or portfolio of securities over the theoretical expected return. It is a version of the standard alpha based on a theoretical performance instead of a market index.

Jeremy Coller (born 17 May 1958) is a British businessman and philanthropist. He is the founder of Coller Capital and, since its acquisition by EQT AB in August 2026, Head and Chief Investment Officer of Coller EQT.

JM Financial Ltd. (JMFL) is an Indian financial services group headquartered in Mumbai and has branches across India. It also has overseas branches in Ebene, Singapore, New Jersey and Dubai although almost all the group's business are domestic operations in India.

Joel Seligman (born January 11, 1950) is an American legal scholar and former academic administrator. He served as the 10th president of the University of Rochester, in Rochester, New York, from 2005 to 2018. Seligman is also one of the leading authorities on securities law in the United States. Seligman stepped down from his presidency in 2018 following his handling of a university-wide

John Laing Group is a British investor, developer and operator of privately financed, public sector infrastructure projects such as roads, railways, hospitals and schools through public-private partnership (PPP) and private finance initiative (PFI) arrangements. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index before its acquisition by KKR.

John Alfred Paulson (born December 14, 1955) is an American billionaire hedge fund manager. He leads Paulson & Co., a New York-based investment management firm he founded in 1994. He has been called "one of the most prominent names in high finance".

Jonathan Tivadar Soros (born September 10, 1970) is an American businessman who is co-founder and partner of One Madison Group, a private investment firm. He previously was chief executive officer of JS Capital Management LLC and co-deputy chairman of Soros Fund Management.

Jostens Inc. is an American manufacturer of memorabilia. The company is primarily known for its production of yearbooks, academic regalia, and class rings for various high schools and colleges as well as championship rings for sports. For over 50 years, Jostens has been the supplier of the Super Bowl championship rings. Jostens also produced photobook products for Disney's PhotoPass phot

In China, judgment defaulter (Chinese: 失信被执行人) or court defaulters, commonly known as laolai (Chinese: 老赖) or untrustworthy person (Chinese: 失信人), is defined as a person who is able to fulfill legal obligations determined by the court, but has refused to do so, or illegally tries to evade enforcement such as hiding their assets.

Julian Hart Robertson Jr. (June 25, 1932 – August 23, 2022) was an American hedge fund manager, and philanthropist.

Jurisdictional arbitrage is the practice of taking advantage of discrepancies between competing legal jurisdictions. It takes its name from arbitrage, the practice in finance of purchasing a good at a lower price in one market and selling it at a higher price in another. Just as in financial arbitrage, the attractiveness of jurisdiction arbitrage depends largely on its transaction costs,

Jurys Inn was a hotel group founded and headquartered in Ireland with operations across Ireland, the UK and the Czech Republic. It was founded in 1993 and grew to operate 31 hotels in the Great Britain, six in Ireland and one in the Czech Republic, with some 7,500 rooms between them, served by 4,000 employees.

Kantox Ltd is a multinational fintech company that offers Currency Management Automation software for corporate clients. Their software automates the pre-trade, trade, and post-trade stages of the corporate foreign exchange (FX) workflow.

The Kapitalanlagegesetzbuch, abbreviated as KAGB, is the German Investment Code for investment management.

The Kazakhstan Stock Exchange (KASE; Kazakh: Қазақстан қор биржасы, romanized: Qazaqstan qor bırjasy) is a stock exchange located in Almaty, Kazakhstan. The exchange was founded in 1993.

Kelkar committee to evaluate PPP in India was a committee set up to study and evaluate the extant public-private partnership (PPP) model in India. The committee was set up by India's central government and headed by Vijay Kelkar. The committee was set up following 2015 Union budget of India by the then finance minister of India Arun Jaitley. It comprised 10 members. The committee submit

Kenneth Cordele Griffin (born 1968) is an American hedge fund manager, entrepreneur and investor. He is the founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC, a multinational hedge fund. He also owns Citadel Securities, one of the largest market makers in the United States.

Khazanah Nasional Berhad (lit. 'National Treasure Limited'; traded as Khazanah Nasional or simply Khazanah) is the sovereign wealth fund of the Government of Malaysia. One of the largest sovereign wealth funds in the world, it was established to invest surplus revenues for Malaysia. Through its investments and activities, the fund seeks to deliver sustainable economic and societal benefi

Kerkor "Kirk" Kerkorian (Armenian: Քըրք Քըրքորեան; June 6, 1917 – June 15, 2015) was an American businessman, investor, and philanthropist. He was the president and CEO of Tracinda Corporation, his private holding company based in Beverly Hills, California. Kerkorian was one of the important figures in the shaping of Las Vegas and, with architect Martin Stern Jr., is described as the "fa

Kirkbi A/S is a Danish investment management company headquartered in Billund, Denmark, that serves as a family office to manage the fortune of the Kristiansen family, the current owners of the Lego Group. It owns 75% of The Lego Group, 47.5% of Merlin Entertainments, and 100% of BrainPop.

Klarna Group plc is a Swedish financial technology company and digital bank. Founded in 2005 in Stockholm, Sweden, Klarna provides digital payments, short-term consumer credit, cards, banking services and merchant tools for online and in-store commerce. It is listed on the New York Stock Exchange and is best known for buy now, pay later payment products.

Know your customer or know your client (KYC) laws, regulations and guidelines in financial services require regulated businesses and professionals to verify the identity of a customer, and the suitability and risks involved with maintaining a business relationship with them. These procedures fit within the broader scope of anti-money laundering (AML) and counter terrorism financing (CTF)

Johan Gustaf Knut Wicksell (December 20, 1851 – May 3, 1926) was a Swedish economist of the Stockholm school. He was professor at Uppsala University and Lund University.

The Korea Financial Investment Association (KOFIA; Korean: 금융투자협회; RR: Geumnyung Tuja Hyeophoe) is a non-profit, self-regulatory organization (SRO) in South Korea, founded under the Financial Investment Services and Capital Markets Act. It was established on February 4, 2009 through the merger of the Korea Securities Dealers Association, the Korea Futures Association, and the Asset Manag

The Korea Investment Corporation (KIC; Korean: 한국투자공사; Hanja: 韓國投資公社; RR: Hanguktujagongsa) is a sovereign wealth fund established by the government of South Korea in 2005. Its mission is to preserve and enhance the long-term purchasing power of South Korea's sovereign wealth (foreign reserves) through efficient management of public funds in the international financial markets. KIC manag

The Korea Composite Stock Price Index (KOSPI; Korean: 한국종합주가지수) is the index of all common stocks traded on the Stock Market Division—previously, Korea Stock Exchange—of the Korea Exchange. It is the representative stock market index of South Korea, analogous to the S&P 500 in the United States.

Kounta is an Australian software company founded in 2012. The company's flagship product, Kounta, comprises a cloud based point of sale mobile app.

Kronos Incorporated was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide.

The KSE-100 Index is a total return stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period.

KuCoin is a Seychelles-based cryptocurrency exchange. It was founded in China in 2017, but was later moved to Singapore following the Chinese government's restrictions on cryptocurrency companies, and eventually to the Seychelles.

In statistics and decision theory, kurtosis risk is the risk that results when a statistical model assumes the normal distribution, but is applied to observations which have a tendency to occasionally be much further (in terms of number of standard deviations) from the average than is expected for a normal distribution.

La Quinta by Wyndham, also known as La Quinta Inn & Suites (Spanish: La Quinta, "the country villa", pronounced [la ˈkinta]), is a chain of limited-service hotels in the United States, Canada, Mexico, and Honduras owned by Wyndham Hotels & Resorts. La Quinta Holdings, Inc. first sold shares to the public in April 2014. La Quinta is headquartered in Irving, Texas. As of December 31, 2023,

Since the financial crisis, regulation of financial activities is at the center of economic and political events. The crisis has indeed led regulators but also the academic world to ask new questions about the effectiveness of regulation policies. To answer these questions, the French laboratory of excellence on financial regulation (Labex ReFi) was established at the initiative of the C

A labour-sponsored venture capital corporation (LSVCC), known alternately as labour-sponsored investment fund (LSIF) or simply retail venture capital (RVC), is a fund managed by investment professionals that invests in small to mid-sized Canadian companies. The Canadian federal government and some provincial governments offer tax credits to LSVCC investors to promote the growth of such c

Land Bank of the Philippines (LBP), often referred to simply as LandBank, is a government-owned bank in the Philippines with a special focus on serving the needs of farmers and fishermen. While it provides the services of a universal bank, it is officially classified as a "specialized government bank" with a universal banking license.

Land banking is the practice of aggregating parcels of land for future sale or development.

LandlordInvest is a peer-to-peer lending platform that enables people to invest in residential, commercial, and semi-commercial bridging and development loans. The platform's target audiences are professional property investors and landlords. It was the first residential property-backed Innovative Finance ISA made available to UK savers.

LankaPay (formerly LankaClear) national payment network of Sri Lanka which provides the central payment infrastructure to the country's financial sector. Established in April 1, 2002, the organization is owned by the Central Bank of Sri Lanka (CBSL) and all CBSL-licensed commercial banks in the country.

LankaQR, stylised in all caps as LANKAQR, is a national QR code payment system in Sri Lanka, initiated by the Central Bank of Sri Lanka (CBSL) in collaboration with LankaClear (Pvt) Ltd and licensed financial institutions. The standard was introduced on 12 October 2018 and formally launched on 11 March 2019, aiming to promote a cashless society, enhance financial inclusion, and reduce re

The law of the British Virgin Islands is a combination of common law and statute, and is based heavily upon English law.

Le Méridien (French: [l(ə) meʁidjɛ̃]) is an American upscale, design-focused international hotel brand with a European perspective. It was originally founded by Air France in 1972 and was later based in the United Kingdom. Marriott International now owns the chain. As of June 2021, it had a portfolio of 109 open hotels with 29,439 rooms and a pipeline of 37 hotels with 9,585 upcoming roo

A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. In essence, a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal

Lease-by-room, also known as individual leasing, is an arrangement whereby a tenant and their roommates pay rent for their own rooms instead of each tenant being equally liable for the rent for the whole apartment. Typically lease-by-room leases are multi-room apartments or townhomes with shared bathrooms and living rooms. What distinguishes lease-by-room leases from joint leases is that

Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done for fixed assets, notably real estate, as well as for durable and capital goods such as airplanes and trains. The concept can also be applied by

A leasehold estate or a leasehold interest is an ownership of a temporary right to hold land or property in which a lessee or a tenant has rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property.

Legal risk as a subset of operational risk that comprises the uncertainty associated with a business becoming a subjects of legal liability and obligations as a result of its operation.

In finance, leverage, also known as gearing, is any technique involving borrowing funds to buy an investment.

A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the o

In corporate finance, a leveraged recapitalization is a change of the company's capital structure, usually substitution of debt for equity.

Liability-driven investment (LDI) is an asset–liability management approach that designs the asset portfolio around the size, timing, and risk profile of known obligations. It is used by defined benefit pension schemes and insurers to reduce funding volatility and to help ensure cash is available when benefits fall due.

The Libor scandal was a series of criminal allegations by financial authorities connected to the Libor (London Inter-bank Offered Rate) and the related Euribor benchmark, together with the resulting investigations and prosecutions. All ten convictions in the United States were overturned or vacated by 2022, after appellate courts held there was no evidence traders had broken any laws or

The Life Insurance Corporation of India (LIC) is an Indian public sector life insurance company headquartered in Mumbai, Maharashtra, India. It is India's largest insurance company and its largest institutional investor with total assets under management worth ₹57.29 lakh crore (equivalent to ₹61 trillion or US$630 billion in 2026) as of May 2026. It is under the ownership of Government

A life settlement or viatical settlement (from Latin viaticum, something received before death) is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, to a third party investor. Such a sale provides the policy owner with a lump sum. The third party becomes the new owner of the policy, pays the m

LifePoint Health is an American company that provides healthcare services in growing regions, rural communities and small towns. It was established in 1999 and is headquartered in Brentwood, Tennessee. As of November 16, 2018, it operated 89 hospital campuses in 30 states with more than $6 billion in revenues. In 2011, the company was included in the Hospital Engagement Network by the U.

The Liikanen Report or "Report of the European Commission’s High-level Expert Group on Bank Structural Reform" (known as the "Liikanen Group") is a set of recommendations published in October 2012 by a group of experts led by Erkki Liikanen, governor of the Bank of Finland and ECB council member. On 3 July 2013, by large majority the European Parliament adopted an own initiative report c

Linens 'n Things, Inc. is an online retailer and former department store specializing in home textiles, housewares, and decorative home accessories. Based in Clifton, New Jersey, the chain operated 571 stores in 47 U.S. states and six Canadian provinces, and had 7,300 employees as of December 2006. The company's business strategy was "to offer a broad selection of high quality, brand na

Lipton Teas and Infusions B.V. is a Dutch multinational company headquartered in Amsterdam, Netherlands that produces tea and other herbal drinks. Founded as a spin-off from Unilever in 2021, it is the largest tea company in the world, owning brands such as Lipton, PG Tips, and TAZO.

Liquidity at risk (LaR) is a financial risk measure that estimates the potential net cash outflows an institution may face over a specified time horizon and confidence level. It is designed to quantify the risk that a bank, investment fund, or corporation will be unable to meet its short-term obligations due to unexpected demands on liquidity. The concept is closely related to Value at R

In macroeconomic theory, liquidity preference is the demand for money, considered as liquidity. The concept was first developed by John Maynard Keynes in his book The General Theory of Employment, Interest and Money (1936) to explain the determination of the interest rate by the supply and demand for money.

Liquidity risk is a financial risk that for a certain period of time a given financial asset, security or commodity cannot be traded quickly enough in the market without impacting the market price.

This is a table of notable American exchange-traded funds, or ETFs. As of 2020, the number of exchange-traded funds worldwide was over 7,600, representing about 7.74 trillion U.S. dollars in assets. The largest ETF, as of April 2021, was the SPDR S&P 500 ETF Trust (NYSE Arca: SPY), with about $353.4 billion in assets. The second-largest was the iShares Core S&P 500 ETF with around $270.

This is a list of bank runs. A bank run occurs when a large number of bank customers withdraw their deposits because they believe the bank might fail. As more people withdraw their deposits, the likelihood of default increases, and this encourages further withdrawals. This can destabilize the bank to the point where it faces bankruptcy.

This list covers formal bank stress testing programs, as implemented by major regulators worldwide. It does not cover bank proprietary, internal testing programs.

This is a list of abbreviations used in a business or financial context.

This is the list of countries by flows of received foreign direct investment (FDI). The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.

This is the list of countries by flows of foreign direct investment (FDI) abroad. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.

This is a list of notable European exchange-traded funds, or ETFs. These are ETFs that are traded on European exchanges. (This list does not include ETFs that invest in European stocks but trade on other exchanges, such as the New York Stock Exchange. For example, the list below does not include the large Vanguard Europe ETF (ticker: VGK; name: Vanguard MSCI Europe ETF) which trades in t

This is a list of former stock exchanges in the Americas, including North America, South America, and the Caribbean Islands. Year of formation and the year the exchange was acquired, liquidated, or folded are also included. Some of these exchanges remain active as subsidiaries or divisions of other current exchanges (see current stock exchanges in the Americas). See regional stock exchan

This is a list of notable futures exchanges. Those stock exchanges that also offer trading in futures contracts besides trading in securities are listed both here and the list of stock exchanges.

This is a list of notable Hong Kong exchange-traded funds, or ETFs.

The following is a list of publicly traded companies, that have the largest market capitalization or "market value". Most or all of these companies would be categorized as megacap stocks.

The following is a list of securities examinations and the organizations that offer them.

This is a list of major stock exchange mergers and acquisitions in the Americas. It also features the name of any resultant stock exchanges from mergers or acquisitions. According to Robert E. Wright of Bloomberg in 2013, historians assert that "rather than exhibiting a trend of constant consolidation, the number of exchanges active across the globe has waxed and waned several times over

Notable stock market indices include:

Certain large banks are tracked and labelled by several authorities as Systemically Important Financial Institutions (SIFIs), depending on the scale and the degree of influence they hold in global and domestic financial markets.

This page, a companion page to tax, lists different taxes by economic design. For different taxes by country, see Tax rates around the world.

A listed investment company (LIC) is an Australian closed-end collective investment scheme similar to investment trusts in the UK and closed-end funds in the United States. Instead of regularly issuing new shares or canceling shares as investors join and leave the fund, investors buy and sell to each other on the ASX. They are traded like other securities on the Australian stock exchange

In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are publicly listed. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, subject to conditions.

Ljubljana Stock Exchange or LJSE (Slovene: Ljubljanska borza, pronounced [ljubljanska boɾza]) is a stock exchange located in Ljubljana, Slovenia. It is Slovenia's only stock exchange and a wholly-owned subsidiary of Zagreb Stock Exchange. The exchange trades shares of Slovenian companies, as well as bonds and commercial papers.

Lloyd's Coffee House was a significant meeting place in London in the 17th and 18th centuries.

In finance, a loan is the tender of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money.

A loan agreement (also known as a lending agreement) is a contract between a borrower and a lender which regulates the mutual promises made by each party. There are many types of loan agreements, including facilities agreements, revolvers, term loans, and working capital loans. Loan agreements are documented via a compilation of the various mutual promises made by the involved parties.

The loan-to-value (LTV) ratio is a financial concept used by lenders to express the ratio of a loan to the value of an asset purchased.

A local exchange trading system (also local employment and trading system or local energy transfer system; abbreviated LETS) is a locally initiated, democratically organised, not-for-profit community enterprise that provides a community information service and records transactions of members exchanging goods and services by using locally created currency. LETS allow people to negotiate t

Logicor is a European warehouse and logistics company with head offices in London and Luxembourg. Founded in 2012 by Blackstone Group, by 2017 Logicor was operating over 630 properties. Logicor was purchased by China Investment Corporation in 2017. In no way is or was Logicor related to Logikor. Logikor is another logistics company founded in 2005 in Canada, with offices in Canada, the U

Lombard credit (or lombard loan) is a form of short-term secured lending, characterized by loans against movable collateral, today mostly in the form of account balances, securities or life insurance policies. The lombard rate is a central bank lending rate charged to commercial banks for short-term loans with securities pledged as collateral.

In finance, a long position in a financial instrument means the holder of the position owns a positive amount of the instrument. The holder of the position has the expectation that the financial instrument will increase in value. This is known as a bullish position. The term "long position" is often used in context of buying options contracts.

Long/short equity is an investment strategy generally associated with hedge funds. It involves buying equities that are expected to increase in value and selling short equities that are expected to decrease in value. This is different from the risk reversal strategies where investors will simultaneously buy a call option and sell a put option to simulate being long in a stock.

Lottery bonds are a type of government bond in which some randomly selected bonds within the issue are redeemed at a higher value than the face value of the bond. Lottery bonds have been issued by public authorities in Belgium, Ireland, Pakistan, Sweden, New Zealand, the UK and other nations.

Louis Moore Bacon (born July 25, 1956) is an American investor, hedge fund manager, and philanthropist. He is the founder and chief executive of Moore Capital Management.

Louis Elwood Wolfson (January 28, 1912 – December 30, 2007) was an American financier, a convicted felon, and one of the first modern corporate raiders, labeled by Time as such in a 1956 article. A self-made millionaire by 28, Wolfson is credited with creating the modern hostile tender offer, which laid the technical framework to the leveraged buyout. In later years, he was a major thoro

Louisville Joint Stock Land Bank v. Radford, 295 U.S. 555 (1935), was a decision by the Supreme Court of the United States that held that the Frazier–Lemke Farm Bankruptcy Act was an unconstitutional violation of the Fifth Amendment Takings Clause because it interfered with farmers' property rights in contracts they made with the United States. This unanimous decision was one of the Cour

In investing and finance, the low-volatility anomaly is the observation that low-volatility securities have higher returns than high-volatility securities in most markets studied. In other words, assets whose prices or returns change wildly pay worse than assets whose prices or returns are steady. This is an example of a stock market anomaly since it contradicts the central prediction of

Low-volatility investing is an investment style that buys stocks or securities with low volatility and avoids those with high volatility. This investment style exploits the low-volatility anomaly. According to financial theory risk and return should be positively related, however in practice this is not true. Low-volatility investors aim to achieve market-like returns, but with lower ris

A loyalty program or rewards program is a marketing strategy designed to encourage customers to continue to shop at or use the services of one or more businesses associated with the program.

The Lucas islands model is an economic model of the link between money supply and price and output changes in a simplified economy using rational expectations. It delivered a new classical explanation of the Phillips curve relationship between unemployment and inflation. The model was formulated by Robert Lucas, Jr. in a series of papers in the 1970s.

The Luxembourg Stock Exchange (LuxSE; French: Bourse de Luxembourg) is based in Luxembourg City at 35A boulevard Joseph II.

Lynn G. Tilton (born April 22, 1959) is an American businesswoman and collateralized loan obligation (CLO) creator, owner and manager. She is the chief executive officer and sole principal of Patriarch Partners, LLC and its affiliated entities, a holding company managing 75 companies. She worked for Goldman Sachs and Merrill Lynch as an investment banker.