A money market account is an interest-bearing deposit account offered by banks and credit unions. A money market fund is a type of income-oriented mutual fund that invests in short-term debt securities. Both are low-risk and highly liquid, but money market accounts and money market funds are distinct financial vehicles […]
Cash in money-market funds reached $US4.6 trillion recently, The Wall Street Journal reported Tuesday, as investors wait for market volatility to die down and the US economy to stabilise. The sum is the highest on record going back to 1992. It also leaves out other cash-like assets like bank deposits […]
Becoming a homeowner is a huge financial...
According to troubling research from the...
On Friday, money market funds underwent a huge...
A different path.
Stellar savings rates.
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Elisse Walter is an interesting choice to be the next top-dog at the SEC. She’s been at the Agency for six-years, so she knows where the bathrooms, and the dirty laundry can be found. She certainly looks mean enough for the job, but she has one big flaw on her […]
[credit provider=”mi2g” url=”http://www.mi2g.com/images/tsunami.jpg”] Yesterday, the Treasury’s Financial Security Oversight Council (FSOC) tried to act on one of biggest SEC failures since the financial crisis — regulating money market funds.Back in 2008 money market funds almost brought the global economy to its knees when the Reserve Fund, the U.S.’s biggest money […]
[credit provider=”Business Insider”] We have passed an important milestone coming out of the financial crisis, though its watershed status has received surprisingly little notice. That milestone is the first significant test of how regulators (in this case, the SEC) approach individual investor protections in the post-crisis era.Several weeks ago, SEC […]
[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:Mine_sweep.jpg”] While the Libor scandal has got the attention of regulators, Gillian Tett thinks America’s money market funds are the weakest link in the country’s financial system that could have major implications for global financial markets.In a new Financial Times opinion piece, Tett points to a new […]
