Bill Gross: 6 Scenarios That Would Threaten ‘Shadow Banking System’
That system includes asset management firms, says the Janus portfolio manager, who takes time in his monthly investment outlook to criticize former PIMCO colleagues.
IMF Urges Fed to Delay Rate Hike
The Fed should hold off on raising interest rates until the first half of 2016, the IMF said as it cut its U.S. growth forecast.
Some Money Market Funds Have to Be Honest With You
New SEC rules create a two-tier system: institutions get to know the cold hard truth about their investments' value, but individuals are still coddled.
Europe Considers Encouraging Investment Through Shadow Banking
European Commission growth roadmap pushes for allowing securitization and crowdfunding to prime the lending pump.
China to Allow up to 5 Privately Financed Banks, Tighten Reins on Shadow Banking
Seeking growth and competition, China opens the door to more Western-style banking.
SEC’s Schapiro: Money-Market Funds’ Stable NAV Is a ‘Fiction’
SEC Chairwoman Mary Schapiro reiterated to senators Thursday that further reforms to money-market funds are necessary, saying the funds still “pose a significant risk” to the nation’s economy.
Banks Turn Borrowers, Seek Cash from Customers
European banks have found a new way to bring in cash. They borrow it–but instead of turning to each other to bring in funds, they are borrowing it from companies that were once happy to deposit their excess cash in exchange for interest.