Economy & Markets
The important economic and stock market news that advisors need to know.
BlackRock Launches Education Initiative for Volatile Markets
By John SullivanBlackRock launched on Wednesday what it calls a multi-faceted global initiative, designed to help investors deal with low yields and volatile markets.
February 29, 2012
ECB Offers Cheap Loans AgainThe European Central Bank once again offered cheap three-year loans to banks in the euro region, which quickly soaked up 529.5 billion euros ($712.2 billion) in funding. Analysts had expected the amount to total 470 billion euros.
February 29, 2012
Japanese Workers Unionize at Goldman SachsGoldman Sachs now has what is probably its first-ever employee union. Japanese workers at the company, which has four divisions in the country, joined a union after what they saw as tactics to shed employees that flouted Japan's tough labor laws.
February 29, 2012
Gordon Gekko: Sorry, Greed Is Not Good'I played Gordon Gekko, a greedy corporate executive who cheated to profit while innocent investors lost their savings,' Michael Douglas reminds viewers in the PSA as FBI goes after inside trading.
February 28, 2012
Financial Services Industry ‘Safer, Sounder’: Hamilton Financial IndexHamilton Place Strategies released on Tuesday its new Hamilton Financial Index, which shows that great progress has been made in strengthening the financial services sector since the financial crisis in 2008.
February 28, 2012
Deutsche Bank Survey Predicts Record Hedge Fund Assets in 2012Hedge fund assets will reach an all-time high this year, driven by increased institutional participation, according to Deutsche Banks 10th annual Alternative Investment Survey, released last week.
February 28, 2012
Merkel Wins Greek Rescue ApprovalOne of Merkels own Cabinet ministers, Interior Minister Hans-Peter Friedrich, had earlier called for an expulsion of Greece from the eurozone rather than allowing it to remain and have Germany be compelled to provide further assistance.
February 28, 2012
ECB Rejects Greek Debt as CollateralChristian Schulz, an economist at Berenberg Bank in London, was quoted saying, After the downgrade it was clear this was going to happen. The ECB isnt going to make an exception to its rule on not accepting defaulted collateral ...