It could succeed by leveraging the amount of time users spend browsing its mobile apps and the knowledge of which apps their friends use.
With the losses taking their toll, Mr. Paulson is moving to reduce leverage, or the amount of money it borrows to enhance its bets.
The instruments are not interest rates, but macroprudential tools, such as countercyclical capital requirements (essentially an insurance policy against unemployment, or other bad economic conditions) or leverage ratios (the amount of debt a bank can have in relation to its holdings).
He further offered a set of proposals to rein in bank leverage -- the amount of borrowed money that banks can bet on securities and lending operations.
That leverage, and the amount of money at stake, should be more than enough to convince pot firms to stay current on their taxes, says Aaron Herzberg, an attorney for cannabis industry clients.
Jefferies's leverage ratio, or the amount of borrowed money used against its capital, is roughly 13 to 1, in line with bigger firms like Goldman Sachs and Morgan Stanley.
In our study, we also take into account (i) the frequency of M&A activities, (ii) leverage, and (iii) the amount of research and development and sales.
The leverage ratio sets the amount of equity that banks need as a proportion of their total balance-sheets; unlike the commonly used capital ratio, assets are not weighted to reflect their riskiness.
The firm has also reduced its leverage ratio, or the amount of money it borrows relative to its equity base, to 27 times from 32 times during the previous quarter.
They have been offering huge leverage and will now be cutting back the amount of leverage they allow clients to have".
