Tag:
Money Funds
Latest Headlines
Latest Headlines
The bane of Charles Schwab: Interest rates
Charles Schwab's earnings were overlooked--perhaps not a bad thing--amid the earnings releases of big banks. It ended up posting a decline in profits of 31 percent for the second quarter.
The main issue is low interest rates. The firm is committed to paying its customers at least 2 percent yie
What to make of asset managers right now?
Some have been building a case for asset managers, recently--especially with the equities market in rally mode. Analyst Kenneth Worthington of JP Morgan Securities has added some nuance to all this by issuing a report noting that he "prefers equity managers over fixed income managers due to the re
Will the Reserve Fund tapes hold any scandalous surprises?
The saga of the reserve fund has certainly been ugly. It was one of the relatively few money funds that actually broke the buck, which ignited a near-panic in the industry in September. It certainly was pivotal in forcing the Fed to announce a money fund protection program. But in the inevitable l
Money funds and the credit crunch--whew!
There were a few scenarios out there that were really, really nasty. It's one thing when accredited investors take their lumps on hedge funds. But what if Ma and Pa started taking losses on their money market funds? Many money funds, which most people equate with cash, invested in SIVs. The fear
