Most Clicked CFA Institute Financial NewsBrief Stories


1. Greek voters resoundingly reject rescue criteria

CFA Institute Financial NewsBrief | Jul 06, 2015

Greeks voted overwhelmingly against accepting international creditors' bailout terms. Prime Minister Alexis Tsipras said he was open to resuming negotiations with lenders. However, it wasn't clear how European leaders would respond. German Chancellor Angela Merkel and French President Francois Hollande have called for an EU summit Tuesday to deal with the matter. Deutsche Welle (Germany) (06 Jul.) The New York Times (tiered subscription model) (05 Jul.) Kathimerini (Greece) (06 Jul.)


2. Greece officially defaults on IMF loan

CFA Institute Financial NewsBrief | Jul 01, 2015

The International Monetary Fund has confirmed Greece failed to make a €1.55 billion payment due Tuesday. Spokesman Gerry Rice says the IMF board has been told Greece is in arrears. Concerns about fallout from a Greek default have rattled financial markets for days. Bloomberg (30 Jun.) CNN (30 Jun.) Reuters (01 Jul.) The New York Times (tiered subscription model) (30 Jun.)


3. Few signs of financial panic after Greek vote

CFA Institute Financial NewsBrief | Jul 07, 2015

Greek voters' opposition to austerity has little disturbed global financial markets, indicating investors see the crisis as largely contained. The Stoxx Europe 600 Index fell 1.2% on Monday, while the Standard & Poor's 500 index dropped 0.4%. Crude oil, the euro and European bank stocks declined. Investors have shifted to safe havens, but experts say immediate contagion is unlikely. Reuters (06 Jul.) Bloomberg (06 Jul.)


4. Next crisis could be hidden by EU accounting proposal

CFA Institute Financial NewsBrief | Jul 06, 2015

Investors object to accounting rules proposed by the EU that they think could conceal early signs of a financial crisis. Financial Times (tiered subscription model) (05 Jul.)


5. EU awaits outcome of Greek referendum, Dijsselbloem says

CFA Institute Financial NewsBrief | Jul 02, 2015

The EU has halted negotiations with Greece regarding financial aid. "There will be no talks in the coming days," Eurogroup President Jeroen Dijsselbloem said. "We will simply await now the outcome of the referendum on Sunday." Greek Prime Minister Alexis Tsipras has called on voters to reject tough terms for aid and says EU leaders are trying to force the nation out of the eurozone. The Council of Europe has raised concerns about the referendum, including a short notice and the complexity of questions. The Washington Post (tiered subscription model) (01 Jul.) Financial Times (tiered subscription model) (02 Jul.) Kathimerini (Greece) (01 Jul.) The Wall Street Journal (tiered subscription model) (01 Jul.)


6. What's the principal challenge facing the green-bonds market?

CFA Institute Financial NewsBrief | Jul 07, 2015


7. Attention turns to Greek payment due July 20

CFA Institute Financial NewsBrief | Jul 01, 2015

Market participants are focusing on €3.49 billion Greece owes the European Central Bank and other EU institutions. The payment is due July 20, and failure to pay could trigger cross-default clauses. Reuters (30 Jun.)


8. Greece develops rescue plan as banks face cash crunch

CFA Institute Financial NewsBrief | Jul 07, 2015

Greek officials are working on a rescue proposal as banks run low on money. Prime Minister Alexis Tsipras is expected to deliver the offer to international creditors at a eurozone summit Tuesday in Brussels. Leaders of EU states are developing a common position on the deepening Greek crisis. Reuters (07 Jul.) Los Angeles Times (tiered subscription model) (06 Jul.) Financial Times (tiered subscription model) (06 Jul.) The New York Times (tiered subscription model) (06 Jul.)


9. Joblessness in U.S. drops to lowest level in over 7 years

CFA Institute Financial NewsBrief | Jul 06, 2015

The U.S. economy generated 223,000 jobs in June, helping to drive the unemployment rate down to 5.3%, the lowest figure since April 2008. However, wages were relatively flat and the percentage of people in the labor force hit a 38-year low. MarketWatch (02 Jul.)


10. Government-debt shortage could hurt Fed effort to raise rates

CFA Institute Financial NewsBrief | Jul 02, 2015

Insufficient government debt due to massive bond buying by the European Central Bank and the Bank of Japan might hobble efforts by the Federal Reserve to raise long-term rates. The Fed could start raising short-term rates this year, with long-term Treasury yields also moving up. The Wall Street Journal (tiered subscription model) (01 Jul.)