Most Clicked CFA Institute Financial NewsBrief Stories


1. Fed mistakenly publishes interest-rate forecast

CFA Institute Financial NewsBrief | Jul 27, 2015

The Federal Reserve inadvertently published a forecast by staff economists showing they expect a quarter-point increase in interest rates this year. The mistake prompted criticism about the central bank's ability to prevent information leaks. The Wall Street Journal (tiered subscription model) (24 Jul.) Reuters (24 Jul.)


2. What changes are most necessary for the private-wealth industry?

CFA Institute Financial NewsBrief | Jul 28, 2015


3. Senate votes to reopen Ex-Im Bank

CFA Institute Financial NewsBrief | Jul 27, 2015

The Senate voted 67-26 to end a filibuster on legislation to renew the Export-Import Bank's charter, which would open up loan guarantees for offshore buyers of U.S. goods. The Senate is expected to adopt the measure by a wide margin this week. It requires approval by the House. The New York Times (free-article access for SmartBrief readers) (26 Jul.) The Washington Post (tiered subscription model) (26 Jul.)


4. China to keep buying stocks to prop up market

CFA Institute Financial NewsBrief | Jul 28, 2015

Government purchasing of shares will continue to stabilize the stock market, according to the China Securities Regulatory Commission. China Securities Finance will make the investment. Rumors had circulated that the margin-financing provider had withdrawn stabilization efforts after stocks plunged Monday. China Daily (Beijing) (28 Jul.) Bloomberg (27 Jul.) The Wall Street Journal (tiered subscription model) (27 Jul.) USA Today (27 Jul.)


5. IMF: ECB might need to extend QE to boost eurozone

CFA Institute Financial NewsBrief | Jul 28, 2015

The International Monetary Fund has warned of modest medium-term growth for the eurozone and that the European Central Bank might need to print money beyond September 2016. "Directors urged policymakers to use all the available instruments, if needed, to manage contagion risks that might originate from Greece," according to the IMF. "They also highlighted the need to continue enhancing the architecture of the monetary union and European firewalls." Financial Times (tiered subscription model) (27 Jul.) Bloomberg (27 Jul.) Reuters (27 Jul.) BBC (27 Jul.)


6. Greek Parliament approves more reform to obtain rescue

CFA Institute Financial NewsBrief | Jul 23, 2015

Greek Prime Minister Alexis Tsipras has won overwhelming support in Parliament for more stringent reform demanded by international creditors. The legislation establishes a procedure for dealing with failed banks and overhauls the judicial system. The action opens the door to negotiations with the eurozone and the International Monetary Fund for an €86 billion rescue. BBC (23 Jul.) Financial Times (tiered subscription model) (23 Jul.) Reuters (23 Jul.)


7. Creditors head to Greece as rescue hurdles remain

CFA Institute Financial NewsBrief | Jul 24, 2015

Negotiators from the International Monetary Fund, the European Commission, the European Central Bank and the European Financial Stability Facility plan to meet with Greek officials during the next few days to work toward a rescue for the nation. Prime Minister Alexis Tsipras remains popular among voters, but some Syriza party members have criticized him for not rejecting more austerity measures. Bloomberg (24 Jul.) The Wall Street Journal (tiered subscription model) (23 Jul.) Reuters (24 Jul.)


8. Greek lawmakers to vote on more reform to secure aid

CFA Institute Financial NewsBrief | Jul 22, 2015

The Greek Parliament is scheduled Wednesday to vote on financial and judicial reform. Approval is needed for the nation to continue discussing an €86 billion rescue. Prime Minister Alexis Tsipras says Greeks want to stay in the eurozone, as he strives for support in the Syriza party. BBC (22 Jul.)


9. House committee tells Labor to drop fiduciary proposal

CFA Institute Financial NewsBrief | Jul 24, 2015

Republicans on the House Education and the Workforce Committee said in a letter to U.S. Labor Secretary Thomas Perez that his agency should withdraw its proposed fiduciary standard. Lawmakers said they are concerned that the proposal would cut off financial advice needed by small-business owners and families with modest resources. The Labor Department has limited time to complete the rule. Pensions & Investments (free access for SmartBrief readers) (23 Jul.)


10. BofA CFO departs; wealth-management chief retires

CFA Institute Financial NewsBrief | Jul 23, 2015

Chief Financial Officer Bruce Thompson is leaving Bank of America, and David Darnell, a vice chairman responsible for the wealth-management division, is retiring, the bank announced. Thompson's departure was a surprise as he was seen as a possible successor to CEO Brian Moynihan. CNBC (22 Jul.) The New York Times (free-article access for SmartBrief readers) (22 Jul.) Financial Times (tiered subscription model) (23 Jul.) The Wall Street Journal (tiered subscription model) (22 Jul.)