Economy & Markets
The important economic and stock market news that advisors need to know.
Traders May Face Criminal Charges Over LIBOR
By Marlene Y. SatterU.S. and European authorities are said to be close to making arrests and bringing criminal charges in the LIBOR manipulation scandal.
July 20, 2012
Critics Slam SEC’s Municipal Advisor Plan in Dodd-Frank HearingOne expressed concern with the proposed rule is that it defines municipal advisor too broadly.
July 20, 2012
Commonwealth Financial’s McMillan Launches Blog on Economy, MarketsThe BDs chief investment officers musings are aimed at educating advisors and their clients.
July 20, 2012
Singapore Exchange Denies It Will Buy London Stock ExchangeA report in Britains Daily Telegraph on Thursday that the Singapore Exchange was in talks to buy the London Stock Exchange was denied by the former on Friday.
July 20, 2012
Banks May Seek Group LIBOR SettlementBarclays has been a cautionary lesson for other banks involved in the LIBOR-rigging scandal.
July 19, 2012
Preparing Clients for the Reality of PPACA’s Investment Income TaxWhen the Supreme Court upheld most of PPACA, it confirmed that the PPACA provisions proposing an additional 3.8 percent tax on investment income will shortly become effective.
July 19, 2012
Top 7 Reasons Dodd-Frank Is Working: TreasuryA Treasury official laid out on Thursday the reasons why the Obama administration believes the Dodd-Frank Act is providing a sound foundation to get the economy back on track.
July 19, 2012
Regulators Question Interest Rates From Sweden to SingaporeRegulators are questioning how interest rates are set across the globenot just LIBOR and EURIBOR, but also various in-country rates.