SEC’s White: Money-Market Fund Reforms Coming in ‘Near Future’
But SEC Chairwoman Mary Jo White remained tight-lipped on the specifics of those changes.
Nomura to Scale Down Global Presence
The Japanese brokerage firm Nomura Holdings plans to seek nearly half of a planned $1 billion in savings from cutting European and Middle Eastern operations, with the rest to come from the Americas and Asia.
Buffett’s $8 Billion Trade Isn’t a Bet Against Munis: LPL’s Valeri
Warren Buffett’s sale of $8 billion in muni derivatives was a profitable trade, not a comment on the value of the muni market, says the LPL market strategist.
ECB Pushes for Looser Basel Liquidity Rule
The ECB is advocating a looser standard on eligibility of assets that can be used to satisfy a draft liquidity rule from the Basel banking committee, over concerns that the current definition is too restrictive on credit in the midst of the financial crisis.
S&P Moves Least in 41 Years
The S&P 500 has gained 0.6% for the year as 2011 winds down. A 3.7% increase last week helped that rate of change, the smallest for the index since 1970–thanks to stock swings that reached twice the five-decade average.
Top Five Really Alternative Investments
If the current crop of alternative offerings just isn't doing it for your more adventurous clients, here is a list of exotic investments more suited to their liking.
Elections, Speeches, GDP and Lehman: Advisor Briefing for the Week of August 23, 2010
What's happening this week.
The High Cost of Going Bankrupt
Who: Martha Solinger, Co-General Counsel, Lehman Brothers Holdings Where: Bombay Palace, 30 West 52nd Street, New York When: June 25, 2009 On the Menu: Chicken curry and financial...
As of May 4, Neuberger Berman Group is again majority-owned by its employees, including portfolio managers and senior executives of the company. The 70-year-old firm's...
Bad News Inspiring Bearish ETFs
The financial crisis that accelerated when Lehman Brothers Holdings (LEH) was pushed into bankruptcy protection sent chills through stock markets around the world. Exchange-traded funds...