Most Clicked CFA Institute Financial NewsBrief Stories

1. Missed details said to thwart "flash-crash" investigation

CFA Institute Financial NewsBrief | Apr 27, 2015

Investigators took five years to detect manipulation that contributed to the 2010 "flash crash" after overlooking evidence available hours after the wild gyrations in the U.S. futures market, according to a committee that oversaw the inquiry. Investigators failed to look closely into a set of data and missed details on spoofing allegedly pursued by trader Navinder Sarao. Wall Street Journal (tiered subscription model), The (26 Apr.)

2. Fed lowers economic outlook, maintains rates

CFA Institute Financial NewsBrief | Apr 30, 2015

The Federal Reserve scaled back its view of prospects for the U.S. economy and labor market and said it would have to see more encouraging data before it considers raising interest rates. Meanwhile, the Commerce Department said economic expansion dropped to 0.2% in the first quarter from 2.2% in Q4. The central bank probably won't raise rates before Q3, analysts said. Reuters (29 Apr.) Los Angeles Times (tiered subscription model) (29 Apr.)

3. Greece running out of time and money

CFA Institute Financial NewsBrief | Apr 27, 2015

Greece is trying to put together enough money collected from local government agencies, cities and other public bodies to make payments due at the end of the month that total more than $1.6 billion. Eurozone finance ministers said the EU won't release any more money for Greece until it complies with the terms of its bailout. Bloomberg (26 Apr.)

4. High-speed trading prompts concern from global regulators

CFA Institute Financial NewsBrief | May 01, 2015

The Senior Supervisors Group, which includes financial regulators representing the EU, the U.S. and other jurisdictions, says stricter standards must be established to reduce systemic risk from algorithmic trading. "An error at a relatively small algorithmic trading firm may cascade throughout the market, resulting in a sizable impact on the financial markets through direct errors or the reactions of other algorithms," according to a briefing note from the group. Market News International (30 Apr.) Wall Street Journal (tiered subscription model), The (30 Apr.) Reuters (30 Apr.)

5. Inflation worries prompt investors to turn to TIPS

CFA Institute Financial NewsBrief | Apr 27, 2015

Concerns in the U.S. have shifted from deflation to inflation, prompting investors to buy about 72% of the Treasury Inflation-Protected Securities auctioned by the department this year. Bloomberg (26 Apr.)

6. Greece makes more concessions in bid to keep euro

CFA Institute Financial NewsBrief | May 01, 2015

While trying to hold the line on key election promises, Greece's Syriza government signaled its biggest concessions yet in talks with creditors, including the sale of majority stakes in the country's two biggest ports as well as tax and pension changes. The moves came as Athens deployed a new, enlarged negotiating team. Reuters (30 Apr.)

7. Greek referendum possible to validate debt deal, Tsipras says

CFA Institute Financial NewsBrief | Apr 28, 2015

Greek Prime Minister Alexis Tsipras says he will call a referendum to validate a debt agreement with the EU if it conflicts with commitments his party made before the election. International creditors are demanding an increase in value-added tax and changes to the labor and pension systems that are unacceptable to the government, Tsipras says. Market News International (27 Apr.)

8. Merger to create major European asset-management group

CFA Institute Financial NewsBrief | Apr 27, 2015

Pioneer Investments and Santander Asset Management have agreed to merge, creating a global house with assets under management of €400 billion. The merged company will operate under the Pioneer Investments brand and will be among the top 10 asset-management firms in Europe by assets under management. Investment Week (24 Apr.)

9. U.S., Iran "closer than ever" to nuclear deal, Kerry says

CFA Institute Financial NewsBrief | Apr 28, 2015

U.S. Secretary of State John Kerry told a U.N. conference on the nonproliferation of nuclear weapons that the U.S. and Iran are "closer than ever" to a comprehensive agreement governing Iran's nuclear program. However, "the hard work is far from over, and some key issues remain unresolved," he said. Kerry and Iranian Foreign Minister Mohammad Javad Zarif held a meeting on the sidelines of the conference. ABC News (27 Apr.) Reuters (27 Apr.) Press TV (Iran) (28 Apr.)

10. Senate rejects measure to consider Iran nuclear deal a treaty

CFA Institute Financial NewsBrief | Apr 29, 2015

The U.S. Senate voted against an effort to require any nuclear deal the Obama administration reaches with Iran to be considered a treaty, which must be ratified by two-thirds of the chamber. Reuters (28 Apr.) Washington Times, The (28 Apr.)