|
Llama Company
The Llama Company was an investment bank founded by Alice Walton as a subsidiary of Walton Enterprises. It was headquartered in Fayetteville, Arkansas, and was founded in 1988, and was engaged in corporate finance, public and structured finance, real estate finance and sales and trading. Walton was President, Chairperson, and CEO of the company. The Walton family also operates a commercial bank, Arvest Bank. Alice's ownership stake in Llama likely prevented her from having equity in Arvest. Although initially somewhat successful, the bank was closed in 1998 due to Walton's legal problems and economic uncertainty that also caused the failure of Long-Term Capital Management Long-Term Capital Management L.P. (LTCM) was a highly leveraged hedge fund. In 1998, it received a $3.6 billion bailout from a group of 14 banks, in a deal brokered and put together by the Federal Reserve Bank of New York. LTCM was founded in ..., a hedge fund. Llama went defunct approximately one month aft ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fayetteville, Arkansas
Fayetteville ( ) is the List of cities and towns in Arkansas, second-most populous city in the U.S. state of Arkansas, the county seat of Washington County, Arkansas, Washington County, and the most populous city in Northwest Arkansas. The city had a population of 93,949 as of the 2020 United States census, 2020 census, which was estimated to have increased to 101,680 by 2023. The city is on the outskirts of the Boston Mountains, within the Ozarks. It was named after Fayetteville, Tennessee, from which many settlers had come, and was incorporated on November 3, 1836. Fayetteville is included in the three-county Northwest Arkansas, Fayetteville–Springdale–Rogers metropolitan statistical area, with 576,403 residents in 2020. Fayetteville is home to the University of Arkansas, the state's flagship university. When classes are in session, thousands of students on Campus of the University of Arkansas, campus change up the pace of the city. Thousands of Arkansas Razorbacks alumni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alice Walton
Alice Louise Walton (born October 7, 1949) is an American heiress to the fortune of Walmart as daughter of founder Sam Walton. As of May 2025, Walton has a net worth of $117 billion, making her the richest woman in the world and 13th richest overall, according to the Bloomberg Billionaires Index. Early life and education Walton was born in Newport, Arkansas. She was raised along with her three brothers in Bentonville, Arkansas, and graduated from Bentonville High School in 1966. She graduated from Trinity University in San Antonio, Texas, with a B.A. in economics. Career Early in her career, Walton was an equity analyst and money manager for First Commerce Corporation and headed investment activities at Arvest Bank Group. She was also a broker for EF Hutton. In 1988, Walton founded Llama Company, an investment bank, where she was president, chairwoman, and CEO. Walton was the first person to chair the Northwest Arkansas Council and played a major role in the developm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Banking
Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities FICC services (fixed income instruments, currencies, and commodities) or research (macroeconomic, credit or equity research). Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutique market (specialized businesses). Unlike commercial banks and retail banks, inves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Walton Enterprises
Walton Enterprises LLC (WEI) is an American investment holding company based in Bentonville, Arkansas that serves as a family office to manage the wealth of the Walton family, the owners of Walmart. Walton Enterprises is the largest shareholder of Walmart and is also the largest family office in the world. Background In the early 1950s, Sam Walton was building his business by opening retail stores. His father-in-law Leland Robson convinced him that he should organize his own business as a family partnership. In 1953, Walton Enterprises was established. Sam, Helen, and their four children Rob, John, Jim and Alice were all partners of the company per the legal documents. Sam and Helen owned 20% together while each child owned 20% personally. According to Sam, their Walmart stocks went into WEI. Then the family which is its board makes decisions on a consensus basis. The amount paid out to each person is the same and is agreed upon. That way, the family accumulated funds in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Walton Family
The Walton family is an American family whose collective fortune derived from Walmart makes them the richest family in the United States, and, as of December 2024, the List of wealthiest families, richest family in the world. Overview The three most prominent living members (Jim Walton, Jim, S. Robson Walton, Rob, and Alice Walton) have consistently been in the top twenty of the Forbes 400, ''Forbes'' 400 list since 2001, as were John T. Walton, John ( 2005) and Helen Walton, Helen (d. 2007) prior to their deaths. Christy Walton took her husband John's place in the ranking after his death. The majority of the family's wealth derives from the heritage of Bud Walton, Bud and Sam Walton, who were the co-founders of Walmart. Walmart is the world's largest retailer, one of the world's largest business enterprises in terms of annual revenue, and, with just over 2.2 million employees, the world's largest private employer. The Walton family's wealth is majority held through the inve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arvest Bank
Arvest Bank is a bank headquartered in Bentonville, Arkansas, with branches in Arkansas, Kansas, Oklahoma and Missouri. It is the oldest bank in Arkansas and is on the list of largest banks in the United States. It is almost entirely owned by the Walton family. Jim Walton serves as the chairman. The name "Arvest" is a portmanteau of "Arkansas" and "Investment". In addition to banking, Arvest provides financial services including loans, deposits, treasury management, asset management, wealth management, life insurance, credit cards, title insurance, mortgage loans and mortgage servicing. Company history Arvest's charter dates back to McIlroy Bank & Trust, founded in 1871. During the 2008 financial crisis, the bank did not take funds from the Troubled Asset Relief Program. Acquisitions In December 2009, in a transaction organized by the Federal Deposit Insurance Corporation, the bank acquired SolutionsBank of Overland Park, Kansas, which suffered from bank failure. SolutionsBan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortune (magazine)
''Fortune'' (stylized in all caps) is an American global business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, a global business media company. The publication was founded by Henry Luce in 1929. The magazine competes with ''Forbes'' and '' Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists including ranking companies by revenue such as in the ''Fortune'' 500 that it has published annually since 1955, and in the ''Fortune'' Global 500. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by ''Time'' magazine co-founder Henry Luce in 1929, who declared it as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Long-Term Capital Management
Long-Term Capital Management L.P. (LTCM) was a highly leveraged hedge fund. In 1998, it received a $3.6 billion bailout from a group of 14 banks, in a deal brokered and put together by the Federal Reserve Bank of New York. LTCM was founded in 1994 by John Meriwether, the former vice-chairman and head of bond trading at Salomon Brothers. Members of LTCM's board of directors included Myron Scholes and Robert C. Merton, who three years later in 1997 shared the Nobel Prize in Economics for having developed the Black–Scholes model of financial dynamics.''A financial History of the United States Volume II: 1970–2001'', Jerry W. Markham, Chapter 5: "Bank Consolidation", M. E. Sharpe, Inc., 2002 LTCM was initially successful, with annualized returns (after fees) of around 21% in its first year, 43% in its second year and 41% in its third year. However, in 1998 it lost $4.6 billion in less than four months due to a combination of high leverage and exposure to the 1997 Asian fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1988
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Financial Services Companies Of The United States
{{Disambiguation ...
Defunct may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the process of becoming antiquated, out of date, old-fashioned, no longer in general use, or no longer useful, or the condition of being in such a state. When used in a biological sense, it means imperfect or rudimentary when comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
