Most Clicked CFA Institute Financial NewsBrief Stories


1. Swiss central bank's franc decision reverberates

CFA Institute Financial NewsBrief | Jan 19, 2015

Few can fault the Swiss National Bank for its financial need to end its cap on the franc, but its execution of the policy change has been roundly criticized, chiefly because of the uncertainty it ushered in. The central bank's "unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity," said retail broker Alpari U.K., which filed for bankruptcy Friday. Others also reported insolvency, while some incurred big losses. Reuters (17 Jan.) Financial Times (tiered subscription model) (16 Jan.) Reuters (16 Jan.)


2. Obama calls for broad range of programs to help middle class

CFA Institute Financial NewsBrief | Jan 21, 2015

President Barack Obama used his State of the Union address to propose tax breaks and spending initiatives aimed at helping the middle class, as well as higher taxes for the wealthy to pay for them. Obama called for free community college, a child care tax credit and a tax benefit for two-income families. Obama said he will veto any efforts to repeal the federal health care program or block his executive action on immigration. Bloomberg (20 Jan.) New York Times (tiered subscription model), The (20 Jan.) Los Angeles Times (tiered subscription model) (20 Jan.)


3. Saudi Arabia expected to keep oil exports high under new king

CFA Institute Financial NewsBrief | Jan 23, 2015

Saudi Arabia will maintain its policy of high crude production and low prices to avoid losing its share of the energy market under new ruler King Salman, experts say. He assumed power with the death of King Abdullah. Salman has publicly given strong support for the country's oil policies. Quartz (22 Jan.) Bloomberg (23 Jan.) Vox (22 Jan.)


4. Do you think that millennials (individuals born between 1980 and 2000) working within your organization have changed the environment or culture of your organization?

CFA Institute Financial NewsBrief | Jan 20, 2015


5. Money managers reportedly to start dark pool

CFA Institute Financial NewsBrief | Jan 20, 2015

A group of nine money managers is about to start a venture buying and selling stock without Wall Street firms and high-speed traders, sources say. Led by Fidelity Investments, the group that includes BlackRock, Bank of New York Mellon, JPMorgan Chase and T. Rowe Price Group will establish a dark pool, the sources say. Financial Times (tiered subscription model) (19 Jan.) Reuters (19 Jan.) Wall Street Journal (tiered subscription model), The (19 Jan.)


6. CalPERS cutting private equity after dropping all hedge funds

CFA Institute Financial NewsBrief | Jan 20, 2015

The California Public Employees' Retirement System, a $300 billion fund, is reducing private equity managers due to high management fees and is exploring alternatives to its buyout and venture investments. Financial Times (tiered subscription model) (19 Jan.) Bloomberg (19 Jan.)


7. Obama aims to help middle class with tax hike for affluent

CFA Institute Financial NewsBrief | Jan 19, 2015

President Barack Obama is proposing tax increases for the richest Americans to pay for proposed tax breaks for couples who both earn and increased tax credits for child care and higher education. The proposals would restrict how much the richest Americans could profit from their investments and make it more expensive for them to leave assets to their heirs. Bloomberg (17 Jan.)


8. Fallout from Swiss franc move continues; FCA seeks info

CFA Institute Financial NewsBrief | Jan 20, 2015

Violent swings in the value of the Swiss franc because its cap was lifted has continued to affect brokers and other financial firms worldwide. The British Financial Conduct Authority has sought information from currency brokers about how the move has affected their balance sheets, a source said. Reuters (19 Jan.) Financial Times (tiered subscription model) (19 Jan.)


9. ECB debuts aggressive bond-buying initiative

CFA Institute Financial NewsBrief | Jan 23, 2015

The European Central Bank has exceeded expectations by agreeing to buy €60 billion in government bonds per month, in addition to purchases of asset-backed securities and covered bonds. Investors have welcomed the ECB's vow to flood the market with more than €1 trillion. However, President Mario Draghi cautions that ECB action won't be enough to get the economy back on track. "What monetary policy can do is create the basis for growth," he said. "But for growth to pick up, you need investment; for investment, you need confidence; and for confidence, you need structural reform." Reuters (22 Jan.) Bloomberg Businessweek (22 Jan.) Wall Street Journal (tiered subscription model), The (22 Jan.) Financial Times (tiered subscription model) (22 Jan.)


10. WEF delegates chide Europe, laud U.S.

CFA Institute Financial NewsBrief | Jan 22, 2015

Attendees of the World Economic Forum in Davos, Switzerland, have praised the U.S. for turning its economy around but criticized Europe for not rekindling growth after the financial crisis. Bloomberg Businessweek (21 Jan.)