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On the ground, the atmosphere grows so steamy with transaction that it often seems to rain much needed cash.
This is because much of the money made and lost on Wall Street has more to do with transaction costs than with the cleverness of investment ideas.
Joe Bloggs has lost his £5,000 deposit; the bank has lost £5,000 of its £90,000 loan (with transaction costs on top).
French president Nicolas Sarkozy and German chancellor Angela Merkel have both responded to public anger by promising to go ahead with transaction taxes.
Life has been tough for estate agents with transaction volumes low and competition fierce, but for housebuilders life couldn't be much better.
"They thought of us like plumbers," says another.Now the plumbers are getting their revenge, with transaction banking seen as offering exciting growth prospects, good returns on equity and stable revenues.
Similar(9)
The term margin is used especially in connection with transactions in securities and commodity futures.
Greater familiarity with transactions law, including how to draft, evaluate and challenge a contract.
Ernst & Young was hired to advise various parties in connection with transactions involving these companies.
Enter the banks, with transactions known as prepays, which investigators said were nothing more than loans disguised as commodities transactions.
"I feel we are obsessed with transactions and exchanges, and the minivan is a kind of access point for that.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com