SIFMA Elects New Officers to Municipal Securities Division
Stratford Shields of Morgan Stanley & Co. will serve as division chair, and Frank Fairman of Piper Jaffray & Co. and David Stephens of Bank of America Merrill Lynch & Co. will serve as vice chairs.
Why Risk Parity Matters Now More Than Ever
A longer view of how equity and bond markets perform provides a compelling argument for targeting a consistent level of portfolio volatility.
Inflation, Unemployment Both Rise in Eurozone
Inflation in the eurozone rose higher than expected, lessening the likelihood that the ECB would cut interest rates on Thursday. Unemployment also rose, setting a record for the currency bloc.
Barclays Names Jenkins CEO
Antony Jenkins, head of Barclays' consumer business, is taking over the spot vacated by Bob Diamond in the heat of the LIBOR scandal.
Parliament Report Slams Barclays, Banking Culture Over LIBOR
A report issued by Britain’s Parliamentary Treasury Select Committee had harsh words for just about everyone involved in the LIBOR-rigging scandal.
Draghi’s Dilemma: ‘Whatever it takes’ Could Alienate Fellow ECB Members
Mario Draghi, president of the ECB, may have painted himself into a corner with his London speech on Thursday promising to do “whatever it takes” to rescue the euro.
Barclays’ Chief Quits as Outcry Over Libor Grows
A day after he insisted he had no intention of stepping down, Bob Diamond resigned as head of Barclays Bank effective immediately, bowing to pressure from lawmakers outraged over the manipulation of Libor rates on his watch.
Can ETNs Be Trusted?
Although the $17 billion exchange-traded note (ETN) market represents less than 2% of the trillion dollar ETP universe, it’s been making a lot of noise.
FDIC Warns on Risks of Market-Linked CDs
A new consumer alert from the FDIC on market-linked CDs, one of the most popular structured products, counsels investors not to let the possibility of higher returns obscure their view of the risks.
China Sees Manufacturing Rise
China could be overcoming the challenges imposed by austerity and economic woes in the rest of the world, if manufacturing numbers are any indication.