Most Clicked CFA Institute Financial NewsBrief Stories


1. Greece works toward compromise with creditors

CFA Institute Financial NewsBrief | Jun 22, 2015

Greece and international creditors are working to prevent a debt default. The nation's rescue will be extended six months if certain concessions are given. Greece has proposed spending cuts and other measures, which have been welcomed by the EU as a "good basis for progress." Reuters (22 Jun.) The Guardian (London) (21 Jun.) The Wall Street Journal (tiered subscription model) (21 Jun.)


2. To what degree do earnings estimates factor into your investment decision-making?

CFA Institute Financial NewsBrief | Jun 23, 2015


3. Key provision of U.S. health care law upheld by Supreme Court

CFA Institute Financial NewsBrief | Jun 26, 2015

The U.S. Supreme Court voted 6-3 to reject the last major legal challenge to the Affordable Care Act, President Barack Obama's signature achievement. If the court had struck down insurance subsidies for health care, 6 million people could have lost coverage. The Washington Post (tiered subscription model) (25 Jun.) Los Angeles Times (tiered subscription model) (25 Jun.) Politico (25 Jun.)


4. Eurozone leaders welcome Greek budget plan

CFA Institute Financial NewsBrief | Jun 23, 2015

Greece has presented a budget proposal that has received a positive reception from eurozone leaders, who say an agreement to avoid default could follow. Greece has been given two days to end a standoff over financial assistance and to satisfy international creditors. The proposal is "a positive step forward," European Council President Donald Tusk says, and finance ministers might approve a reform package Wednesday. The Wall Street Journal (tiered subscription model) (23 Jun.) Financial Times (tiered subscription model) (23 Jun.) Reuters (22 Jun.) Bloomberg (23 Jun.)


5. Investors pull money from bond funds at fastest pace in 2 years

CFA Institute Financial NewsBrief | Jun 22, 2015

The biggest outflow from bond funds in two years was posted during the week that ended Wednesday, as global investors withdrew $10.3 billion, according to Bank of America Merrill Lynch. Investors poured $10.8 billion into stock funds, the largest inflow in three months. Reuters (19 Jun.)


6. Study delves into high-frequency traders' behavior

CFA Institute Financial NewsBrief | Jun 22, 2015

High-frequency traders initially move against large institutions' order flow, then move with the flow of multihour trades, according to a study by the University of Amsterdam. "The results are inconsistent with 'front-running' in the sense of HFTs who detect a large, long-lasting order right from the start and trade along with it," the study says. Bloomberg (18 Jun.)


7. Obama gains fast-track power to negotiate Pacific trade deal

CFA Institute Financial NewsBrief | Jun 25, 2015

With a favorable 60-38 vote in the Senate, Congress gave President Barack Obama authority to negotiate the Trans-Pacific Partnership trade deal without having to contend with amendments. Obama had to partner with Republicans to overcome objections from Democrats, who fear the deal will cost U.S. jobs. Los Angeles Times (tiered subscription model) (24 Jun.) The Washington Post (tiered subscription model) (24 Jun.) The Globe and Mail (Toronto) (tiered subscription model) (25 Jun.)


8. Moody's proposes global rating methodology for CCPs

CFA Institute Financial NewsBrief | Jun 24, 2015

Moody's Investors Service is reassessing the credit quality of clearinghouses and has proposed a global methodology for assessing risk posed by central counterparties. CCPs have become systemically significant because of regulatory changes after the financial crisis. Moody's has called for comment on the proposal by Aug. 21. International Financing Review (free content) (23 Jun.) FOW magazine online (subscription required) (23 Jun.) Financial Times (tiered subscription model) (23 Jun.)


9. Trade deal nears final Senate action after procedural vote

CFA Institute Financial NewsBrief | Jun 24, 2015

The Trans-Pacific Partnership moved toward approval in the Senate after a 60-37 procedural vote ended debate. Only 51 votes are required for passage. The measure would give President Barack Obama fast-track negotiating authority and bar lawmakers from proposing amendments. The New York Times (tiered subscription model) (23 Jun.) Los Angeles Times (tiered subscription model) (23 Jun.)


10. Survey: Asset managers unsure performance data are correct

CFA Institute Financial NewsBrief | Jun 25, 2015

A survey of 88 asset managers has found that 53% of respondents are "not confident that the investment performance figures they report are completely accurate." "Without accurate and timely information, asset managers may misreport performance data to investors and regulators or make ill-informed trading decisions, potentially putting firms at a competitive disadvantage," according to SimCorp, which conducted the survey. Traders Magazine Online (24 Jun.)