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. Japan's inflation rate falls to zero, central bank says

CFA Institute Financial NewsBrief | May 29, 2015

The Bank of Japan said its key inflation indicator fell to zero in April, calling into question the chance that loose monetary policy will drive inflation up to 2%. Consumer spending and industrial production have fallen, and jobless workers are abandoning the labor market, the central bank said. Bloomberg (28 May.) The Wall Street Journal (tiered subscription model) (29 May.)


5. BlackRock CEO: Low interest rates create "structural problems"

CFA Institute Financial NewsBrief | May 28, 2015

Pension funds and insurers are being harmed by low interest rates intended to boost global economic growth, said Larry Fink, BlackRock's chairman and CEO. Companies are "having more structural problems than ever before" in meeting rising liability without sufficiently yielding assets, he said. Reuters (27 May.)


6. 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.)


7. Fed: Retirement savings, pensions lacking among workers

CFA Institute Financial NewsBrief | May 28, 2015

Nearly one-third of U.S. workers have no pension or retirement savings, according to a Federal Reserve survey. Of more than 5,800 respondents, 38% intend to work as long as possible or do not plan to retire. Reuters (27 May.)


8. 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.)


9. IMF's Lagarde sees potential Greek exit from eurozone

CFA Institute Financial NewsBrief | May 29, 2015

Greece could exit the eurozone, but the move likely would not end the currency, says Christine Lagarde, managing director of the International Monetary Fund. She has ruled out additional payments by the IMF without a deal between Greece and creditors, according to German newspaper Frankfurter Allgemeine Zeitung. Market News International (28 May.) Financial Times (tiered subscription model) (28 May.)


10. Survey: Many rich young Americans have no adviser

CFA Institute Financial NewsBrief | May 29, 2015

Less than half of multimillionaires ages 18 to 34 use a financial adviser or some type of financial professional, according to a survey commissioned by U.S. Trust. The majority's resistance exists despite the demographic's high interest in alternative investment. InvestmentNews (free registration) (28 May.)