Most Clicked NYSSA SmartBrief Stories


1. Pay is less than expected for many finance professionals

NYSSA SmartBrief | Apr 29, 2015

Nearly half of Wall Street financial professionals surveyed say they are paid less than they expected when they decided on a career in finance. About 48% of respondents in the Bloomberg Markets Global Poll said compensation is less or much less than expected, and 14% say they're paid more than they expected. About one-third said their pay is what they anticipated. Bloomberg (04/29)


2. Biggest banks said to back away from small institutional clients

NYSSA SmartBrief | May 04, 2015

The top Wall Street banks are widely said to be turning away from smaller institutional clients in favor of bigger customers who they believe offer the most steady income. Some of the smaller funds are taking their business to midsized banks and "prime-of-prime" brokers that stand between clients and the supplier of credit. Financial Times (tiered subscription model) (05/01)


3. Raising minimum wage would hurt the poor, Buffett says

NYSSA SmartBrief | May 04, 2015

The level of income inequality in the U.S. is "extraordinary," but raising the federal minimum wage isn't the answer because ultimately it will hurt the poor, billionaire Warren Buffett says. "I don't have anything against raising the minimum wage but I don't think you can do it in a significant enough way without creating a lot of distortions," Buffett said. Bloomberg (05/02)


4. SEC reportedly investigates BofA use of customer funds

NYSSA SmartBrief | Apr 29, 2015

The Securities and Exchange Commission is investigating use of client funds by Bank of America to determine whether the company has violated customer-protection rules, sources say. At issue are trades and loans intended to reduce funding costs and make available billions of dollars for trading that would not be available otherwise, the sources say. Wall Street Journal (tiered subscription model), The (04/28) Bloomberg (04/28)


5. Asset managers offer their take on "duration" plays

NYSSA SmartBrief | May 01, 2015

Bond investors are struggling with the near-zero yields on many government debt instruments, prompting interest in riskier securities for returns. Long-duration bonds have become increasingly popular because they can help increase returns. Executives at DoubleLine and GMO offer their insights on investing in long-duration bonds. Bloomberg (04/30)


6. Peer-to-peer banking sparks interest from financial industry

NYSSA SmartBrief | May 01, 2015

Peer-to-peer banking, which began about 10 years ago to bypass large financial institutions, is being adopted by big market participants. Investors are buying loans directly, banks are packaging them into securities, and derivatives markets are starting to take an interest. Bloomberg (04/30)


7. SEC moves forward with disclosure rule for exec pay

NYSSA SmartBrief | Apr 30, 2015

The Securities and Exchange Commission has voted 3-2 to propose a requirement that publicly traded companies disclose the compensation of top executives and connect it with corporate performance. The rule, mandated by the Dodd-Frank Act, is part of the SEC's efforts to address executive compensation. Wall Street Journal (tiered subscription model), The (04/29) Hill, The (04/29) Los Angeles Times (tiered subscription model) (04/29) National Public Radio (04/29)


8. Wall Street interest in bitcoin rises; investors remain wary

NYSSA SmartBrief | May 01, 2015

Wall Street's interest in digital currencies, such as bitcoin, is on the rise, with Goldman Sachs Group most recently announcing it's a co-lead investor in $50 million of funding for bitcoin-services firm Circle Internet Financial. Still, investors are wary, and bitcoin’s price has dropped about 25% on the year. Wall Street Journal (tiered subscription model), The (04/30)


9. Aviation ETF debuts from U.S. Global Investors

NYSSA SmartBrief | May 01, 2015

U.S. Global Investors has brought to NYSE Arca an exchange-traded fund that invests in equities of airlines and commercial-aviation companies that do business with airlines. The U.S. Global Jets ETF tracks the U.S. Global Jets Index, which uses a smart-beta approach to boost returns. Financial Advisor online (04/30) Barron's (free content) (04/30) ETF Trends (04/30)


10. Global X ETF buys stocks favored by activist investors

NYSSA SmartBrief | Apr 30, 2015

Global X has brought to NYSE Arca an exchange-traded fund that invests in equities of companies targeted by major activist investors, such as Bill Ackman and Carl Icahn. The Global X Guru Activist Index ETF is linked to the Solactive Guru Activist Index. ETF Trends (04/29) Barron's (free content) (04/29)




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