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. Greeks line up as banks reopen

CFA Institute Financial NewsBrief | Jul 20, 2015

Greek banks reopened Monday after being closed for three weeks, as the government tried to keep the financial system from collapse. Restrictions on withdrawals, wire transfers and payments remain. The stock market remains closed. The government is preparing to implement more austerity as part of its latest rescue. BBC (20 Jul.) Reuters (20 Jul.) The Wall Street Journal (tiered subscription model) (20 Jul.)

3. 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.)

4. 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.)

5. Moving pension obligations to insurers is risky, IMF says

CFA Institute Financial NewsBrief | Jul 20, 2015

The practice of shifting pension obligations to insurers might increase risk within the U.S. financial system, the International Monetary Fund says in a report. Interconnectedness of the system increases when pension risk is transferred to the insurance industry through products such as longevity swaps, the report says. Pensions & Investments (free access for SmartBrief readers) (17 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Banks in Greece say their liquidity problems will be solved if customers return the €40 billion they've withdrawn during the past seven months.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. Gold price reaches 5-year low

CFA Institute Financial NewsBrief | Jul 20, 2015

The price of gold fell to its lowest level in five years Monday as demand for U.S. dollars heated up. Investors are dumping gold as a hedge against inflation, which has disappeared from the global economy. Reuters (20 Jul.)

9. Hollande cites Greek crisis in calling for eurozone government

CFA Institute Financial NewsBrief | Jul 20, 2015

A eurozone government is needed to complement the common currency, French President Francois Hollande says. Hollande wants nations that favor a common government to join together to make the case, citing the Greek debt crisis. Bloomberg (19 Jul.)

10. 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.)