Most Clicked CFA Institute Financial NewsBrief Stories


1. Greek voters resoundingly reject rescue criteria

CFA Institute Financial NewsBrief | Jul 06, 2015

Greeks voted overwhelmingly against accepting international creditors' bailout terms. Prime Minister Alexis Tsipras said he was open to resuming negotiations with lenders. However, it wasn't clear how European leaders would respond. German Chancellor Angela Merkel and French President Francois Hollande have called for an EU summit Tuesday to deal with the matter. Deutsche Welle (Germany) (06 Jul.) The New York Times (tiered subscription model) (05 Jul.) Kathimerini (Greece) (06 Jul.)


2. Greece officially defaults on IMF loan

CFA Institute Financial NewsBrief | Jul 01, 2015

The International Monetary Fund has confirmed Greece failed to make a €1.55 billion payment due Tuesday. Spokesman Gerry Rice says the IMF board has been told Greece is in arrears. Concerns about fallout from a Greek default have rattled financial markets for days. Bloomberg (30 Jun.) CNN (30 Jun.) Reuters (01 Jul.) The New York Times (tiered subscription model) (30 Jun.)


3. Greeks to vote on rescue as default looms

CFA Institute Financial NewsBrief | Jun 30, 2015

Greeks are being encouraged by European leaders to vote yes in a referendum on the rescue of their nation. However, Prime Minister Alexis Tsipras is urging voters to reject the rescue and seek a better deal. European authorities are also telling voters the referendum is a decision on Greece's eurozone membership. Greece has confirmed it will not make a €1.55 billion loan repayment due Tuesday to the International Monetary Fund. Financial Times (tiered subscription model) (30 Jun.) Reuters (29 Jun.) The Wall Street Journal (tiered subscription model) (29 Jun.) MarketWatch (29 Jun.)


4. EU awaits outcome of Greek referendum, Dijsselbloem says

CFA Institute Financial NewsBrief | Jul 02, 2015

The EU has halted negotiations with Greece regarding financial aid. "There will be no talks in the coming days," Eurogroup President Jeroen Dijsselbloem said. "We will simply await now the outcome of the referendum on Sunday." Greek Prime Minister Alexis Tsipras has called on voters to reject tough terms for aid and says EU leaders are trying to force the nation out of the eurozone. The Council of Europe has raised concerns about the referendum, including a short notice and the complexity of questions. The Washington Post (tiered subscription model) (01 Jul.) Financial Times (tiered subscription model) (02 Jul.) Kathimerini (Greece) (01 Jul.) The Wall Street Journal (tiered subscription model) (01 Jul.)


5. Attention turns to Greek payment due July 20

CFA Institute Financial NewsBrief | Jul 01, 2015

Market participants are focusing on €3.49 billion Greece owes the European Central Bank and other EU institutions. The payment is due July 20, and failure to pay could trigger cross-default clauses. Reuters (30 Jun.)


6. Next crisis could be hidden by EU accounting proposal

CFA Institute Financial NewsBrief | Jul 06, 2015

Investors object to accounting rules proposed by the EU that they think could conceal early signs of a financial crisis. Financial Times (tiered subscription model) (05 Jul.)


7. Big M&A deals drive Q2 volume near record

CFA Institute Financial NewsBrief | Jun 30, 2015

Large companies seeking to boost market share have pushed mergers and acquisitions this quarter close to a record set before the financial crisis. M&A volume worldwide is up 34.6% compared with Q2 of 2014, reaching $1.33 trillion, which is short of a $1.41 trillion record in Q2 of 2007. Reuters (29 Jun.)


8. Joblessness in U.S. drops to lowest level in over 7 years

CFA Institute Financial NewsBrief | Jul 06, 2015

The U.S. economy generated 223,000 jobs in June, helping to drive the unemployment rate down to 5.3%, the lowest figure since April 2008. However, wages were relatively flat and the percentage of people in the labor force hit a 38-year low. MarketWatch (02 Jul.)


9. Government-debt shortage could hurt Fed effort to raise rates

CFA Institute Financial NewsBrief | Jul 02, 2015

Insufficient government debt due to massive bond buying by the European Central Bank and the Bank of Japan might hobble efforts by the Federal Reserve to raise long-term rates. The Fed could start raising short-term rates this year, with long-term Treasury yields also moving up. The Wall Street Journal (tiered subscription model) (01 Jul.)


10. Ex-Im Bank should disclose liquidation plan, GOP senators say

CFA Institute Financial NewsBrief | Jul 02, 2015

The U.S. Export-Import Bank's charter has expired, and the bank should announce a plan for liquidating assets, seven Republican senators said in a letter to bank Chairman Fred Hochberg. The bank no longer accepts new business but has said it will remain open to manage $112 billion of obligations. Reuters (01 Jul.)