Tag:
money market funds
Latest Headlines
Latest Headlines
Mutual fund firms faring well
Mutual funds ( mutual fund news) may be finding favor with investors, who seem to be jumping again. Franklin Resources and Invesco anyway saw their first quarter profits triple amid a market recovery. The industry is hoping more people are saying good bye to money market funds and getting back
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
How much more can the financial system take?
The credit markets are not quite seizing up, but there is a lot of nervousness evidence by a big move into short-term Treasuries. The costs of capital are certainly rising for Corporate America. Meanwhile, CDS spreads are widening again, and volatility is increasing. The system is not breaking jus
Legg Mason
Quietly, this big asset manager has become a casualty of the credit crunch. The move to bailout one of its money market funds was among the final straws. Now it is reported to be considering a transaction to go private. Kohlberg Kravis Roberts is rumored to be interested. Article
(Kohlber
U.S. moves to end financial crisis once and for all
Even after the bailout of Bear Stearns, of Fannie and Freddie, and then AIG, the government has decided that it needs to do more. So what we're seeing now are extraordinary moves that are designed to end the crisis; not reduce the severity of it, but to end it. Treasury Secretary Henry Paulson
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
