New Hire Roundup: TD Ameritrade Institutional Adds Dario
Also this week in new hires, Joseph Nader joined Wescott Financial Advisory Group; Will Proctor went to a new spot at Neuberger Berman; and more.
Spain Risks ECB Wrath With Unemployment Extension
Calling the move “just” in a country with unemployment near 25%, Prime Minister Mariano Rajoy also said that he was still considering asking for help from Europe to combat cripplingly high bond yields.
German Bonds Lose Favor as Bailouts Loom
Investors are pulling money out of Bunds and seeking what they see as safer investments.
Draghi Says ECB Will Do ‘Whatever It Takes’
ECB President Mario Draghi declared that the central bank will do “whatever it takes” to keep the euro intact, as eurozone central banks looked for new ways to spur bank lending and undo the bloc’s financial logjam.
Italy’s Bond Yield Falls at Sale Despite Moody’s Cut
Italy passed a market test on Friday after a Moody’s downgrade that its industry minister called unjustified.
Targeting Covered Bonds
The ProShares USD Covered Bond (COBO) made its trading debut in late May.
Morgan Deemed ‘Winner’ in Moody’s Bank-Rating Massacre
Fifteen banks in the U.S., U.K. and Europe with global capital markets operations saw their ratings cut by Moody’s, some by as many as three notches.
Betting on European Banks: Doomed to Fail or Shrewd Investing?
A University of Chicago economist warns the European Central Bank is knowingly “taking junk collateral,” while a famed fund manager is betting big on European banks.
Tourists Fail to Boost Employment in Spain
Even the influx of tourists during peak travel season has failed to boost Spanish employment out of the doldrums.
Week’s Top Portfolio Products: AdvisorShares Launches Sustainable ETF
New products introduced over the last week include a new sustainable ETF from AdvisorShares and Philippe Cousteau and a covered bond ETF from ProShares.