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.