Most Clicked CFA Institute Financial NewsBrief Stories

1. How important is knowledge of financial/economic history to your success as an investment professional?

CFA Institute Financial NewsBrief | Jul 21, 2015

2. Greece repays its central bank, ECB, IMF

CFA Institute Financial NewsBrief | Jul 21, 2015

Greece has ordered repayment of €6.8 billion to creditors, including the European Central Bank, the International Monetary Fund and the Bank of Greece, a Finance Ministry official says. The European Financial Stability Mechanism has provided Greece a €7.16 billion bridge loan. The latest rescue agreement lets the ECB increase emergency liquidity assistance. Bloomberg (20 Jul.) Reuters (20 Jul.)

3. Fed mistakenly publishes interest-rate forecast

CFA Institute Financial NewsBrief | Jul 27, 2015

The Federal Reserve inadvertently published a forecast by staff economists showing they expect a quarter-point increase in interest rates this year. The mistake prompted criticism about the central bank's ability to prevent information leaks. The Wall Street Journal (tiered subscription model) (24 Jul.) Reuters (24 Jul.)

4. Senate votes to reopen Ex-Im Bank

CFA Institute Financial NewsBrief | Jul 27, 2015

The Senate voted 67-26 to end a filibuster on legislation to renew the Export-Import Bank's charter, which would open up loan guarantees for offshore buyers of U.S. goods. The Senate is expected to adopt the measure by a wide margin this week. It requires approval by the House. The New York Times (single-article access for SmartBrief readers) (26 Jul.) The Washington Post (tiered subscription model) (26 Jul.)

5. Greek Parliament approves more reform to obtain rescue

CFA Institute Financial NewsBrief | Jul 23, 2015

Greek Prime Minister Alexis Tsipras has won overwhelming support in Parliament for more stringent reform demanded by international creditors. The legislation establishes a procedure for dealing with failed banks and overhauls the judicial system. The action opens the door to negotiations with the eurozone and the International Monetary Fund for an €86 billion rescue. BBC (23 Jul.) Financial Times (tiered subscription model) (23 Jul.) Reuters (23 Jul.)

6. Greeks asked to deposit money back into banks

CFA Institute Financial NewsBrief | Jul 21, 2015

Banks in Greece say their liquidity problems will be solved if customers return the €40 billion they've withdrawn during the past seven months. Banks reopened Monday, but some capital controls remain. Deutsche Welle (Germany) (20 Jul.)

7. Fed requires major banks to hold more capital

CFA Institute Financial NewsBrief | Jul 21, 2015

The eight biggest banks in the U.S. have to hold significantly more capital to protect themselves from collapse under rules finalized by the Federal Reserve. "This final rule will confront these firms with a choice: They must either hold substantially more capital, reducing the likelihood that they will fail, or else they must shrink their systemic footprint, reducing the harm that their failure would do to our financial system," said Janet Yellen, head of the central bank. Read the Fed's media release. The Wall Street Journal (tiered subscription model) (20 Jul.) ABC News (20 Jul.) The Hill (20 Jul.) Market News International (20 Jul.)

8. Creditors head to Greece as rescue hurdles remain

CFA Institute Financial NewsBrief | Jul 24, 2015

Negotiators from the International Monetary Fund, the European Commission, the European Central Bank and the European Financial Stability Facility plan to meet with Greek officials during the next few days to work toward a rescue for the nation. Prime Minister Alexis Tsipras remains popular among voters, but some Syriza party members have criticized him for not rejecting more austerity measures. Bloomberg (24 Jul.) The Wall Street Journal (tiered subscription model) (23 Jul.) Reuters (24 Jul.)

9. Global commodity prices keep falling

CFA Institute Financial NewsBrief | Jul 21, 2015

Commodity prices continued to decline Monday, with gold leading the way. Commodities that don't pay interest or offer monetary return are becoming less attractive as the Federal Reserve moves toward raising interest rates this year. As raw materials' prices drop, share prices of companies that produce them also are falling. Bloomberg (20 Jul.)

10. Greek lawmakers to vote on more reform to secure aid

CFA Institute Financial NewsBrief | Jul 22, 2015

The Greek Parliament is scheduled Wednesday to vote on financial and judicial reform. Approval is needed for the nation to continue discussing an €86 billion rescue. Prime Minister Alexis Tsipras says Greeks want to stay in the eurozone, as he strives for support in the Syriza party. BBC (22 Jul.)