Most Clicked CFA Institute Financial NewsBrief Stories


1. Fed's massive bond portfolio has market participants anxious

CFA Institute Financial NewsBrief | May 27, 2015

Asset managers are concerned about how the Federal Reserve will dispose of $4 trillion in bonds it has accumulated through quantitative easing. Financial Times (tiered subscription model) (26 May.)


2. IRS: Cybercriminals stole more than 100,000 tax returns

CFA Institute Financial NewsBrief | May 27, 2015

Cyberthieves used an application on the IRS website to steal tax returns of more than 100,000 people, the agency said. Criminals used the data to file fraudulent tax returns seeking refunds. The agency paid out almost $50 million before the scheme was detected. The New York Times (tiered subscription model) (26 May.)


3. FX rigging leads to guilty pleas, fines for major banks

CFA Institute Financial NewsBrief | May 21, 2015

U.S. and European authorities have settled with five global banks regarding manipulation of foreign exchange rates. The banks have agreed to plead guilty to criminal charges and pay about $5.7 billion in fines. Reuters (20 May.) Los Angeles Times (tiered subscription model) (20 May.) The Wall Street Journal (tiered subscription model) (20 May.)


4. Have technological changes in market practices (high-frequency trading, robo-advisers, Big Data analytics) led to increased amounts of ethical misconduct by investment professionals?

CFA Institute Financial NewsBrief | May 26, 2015


5. Time Warner Cable reportedly close to $55B takeover by Charter

CFA Institute Financial NewsBrief | May 26, 2015

Time Warner Cable is close to agreeing to a $55 billion cash-and-stock acquisition by Charter Communications, sources said. Time Warner Cable shares reportedly would be valued at $195 each, a 14% premium to their closing price Friday. Bloomberg (25 May.) The Wall Street Journal (tiered subscription model) (25 May.) Reuters (26 May.)


6. Fed minutes suggest little chance of rate hike in June

CFA Institute Financial NewsBrief | May 21, 2015

Federal Reserve officials see an interest-rate increase as "unlikely" in June, according to minutes of the April meeting of the Federal Open Market Committee. Many members said they doubted that data on the U.S. economy available next month will be favorable enough to justify raising the target range of the federal-funds rate, according to the minutes. Bloomberg (20 May.) The New York Times (tiered subscription model) (20 May.)


7. Moody's expects Greek action as banking sector crumbles

CFA Institute Financial NewsBrief | May 21, 2015

Extreme deterioration of Greece's banking sector makes freezing of bank deposits and implementation of capital controls "a high likelihood," according to Moody's Investors Service. "The outlook for the Greek banking system is negative, primarily reflecting the acute deterioration in Greek banks' funding and liquidity," the credit rating agency says in a report. "These pressures are unlikely to ease over the next 12-18 months." Market News International (20 May.)


8. Study: Online advisers set for explosive growth

CFA Institute Financial NewsBrief | May 26, 2015

Assets managed by robo-advisers are on track to reach $255 billion within five years, up from $14 billion in 2014, according to a study by MyPrivateBanking. Online platforms are investing millions of dollars to develop behavior maps and mathematical formulas to enter areas traditionally closed to robo-advisers, such as estate planning, retirement planning and adjustment to major life events. InvestmentNews (free registration) (24 May.)


9. Lawmaker threatens funding cutoff to stop fiduciary rule

CFA Institute Financial NewsBrief | May 22, 2015

U.S. Rep. Ann Wagner says that if the Labor Department adopts a uniform fiduciary standard for financial professionals who offer retirement advice, she will push to take away funding for enforcement. "We are at war with the Department of Labor. ... If push comes to shove ... by God, we'll just defund them," she said. InvestmentNews (free registration) (20 May.)


10. Japan remains No. 1 creditor nation

CFA Institute Financial NewsBrief | May 26, 2015

Japan was the largest creditor nation for the 24th consecutive year in 2014. Net external assets reached $3.03 trillion, 1.7 times the amount in China, the second-biggest creditor nation, according to the Japanese Finance Ministry. JapanToday.com (23 May.)