Economy & Markets
The important economic and stock market news that advisors need to know.
Singapore Exchange Denies It Will Buy London Stock Exchange
By Marlene Y. SatterA 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 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.
July 19, 2012
Top 10 Biggest U.S. Banks With Best ReputationsDix & Eaton, a 60-year-old communications consultancy, identified nine critical value factors that drive the reputation of financial institutions, and ranked the nations 10 largest bank holding companies in terms of each.
July 18, 2012
BofA Nets $2.5 Billion; Wealth Unit Up 5.5%The wealth management unit that includes Merrill Lynch reported Q2 net income of $543 million versus $513 million a year ago, up 5.5%.
July 18, 2012
BNY Mellon Profits Off 37% on Lawsuit Costs, but Pershing Is a Bright SpotBank of New York Mellon's Q2 earnings were down due to costs from an investor lawsuit, but the clearing services unit that includes Pershing Advisor Services helped slightly offset that profit loss.
July 18, 2012
Housing Starts Rise, but Watch for Housing StopsWhile Wednesdays housing-starts data suggest a possible comeback in the battered sector, a new study of trends among older Americans suggests that housing stops are a factor once Americans hit 75.
July 18, 2012
Inactivity “killing as many as smoking” (BBC)Researchers findings, recently published in the Lancet, estimate roughly one-third of adults are not active enough and that it is causing 5.3 million deaths per year