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. 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


4. 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.)


5. 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.)


6. 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.)


7. 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.)


8. JPMorgan faces scrutiny from regulators

CFA Institute Financial NewsBrief | May 27, 2015

JPMorgan Chase must obtain permission from the U.S. Department of Labor to continue managing money for private pensions, after pleading guilty to currency manipulation. Meanwhile, the Securities and Exchange Commission is investigating possible conflicts of interest in the bank's wealth-management unit, which sells products including individual retirement accounts. Bloomberg (26 May.)


9. Favorable Senate vote improves prospects for trade deal

CFA Institute Financial NewsBrief | May 22, 2015

The Senate voted 62-38 to approve a measure that would give President Barack Obama fast-track authority to seek ratification of a 12-country Pacific trade deal without congressional amendment. Moving the measure forward might be more difficult in the House, where the trade deal has many Democratic critics. Politico (21 May.) The Hill (21 May.) The New York Times (tiered subscription model) (21 May.)


10. Increase in U.S. new-house sales outstrips forecast

CFA Institute Financial NewsBrief | May 27, 2015

The sale of new homes in the U.S. rose an annualized 6.8% to 517,000 in April, and prices also increased, the Commerce Department said. Seventy economists polled by Bloomberg expected a median 508,000. The housing market is entering what is traditionally its busiest season. Bloomberg (26 May.)