Tag Archives: HFT

Your Daily Dose of Financial News

BY: Michael D. Reif | March 12, 2019

The SEC has announced a settlement with nearly 80 investment advisory firms in which they will pay back more than $125 million “to clients who were steered into higher-cost mutual funds without adequate disclosure” as part of a new agency initiative asking Wall Street to “self-report its own misconduct” – WSJ and Law360 On Monday, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 17, 2017

We got our dose of Fed minutes yesterday, and it appears that the Fed—like the rest of us—is scratching its head over the “new reality” of concurrent low inflation and low unemployment. Fed officials are hoping that the low jobless rate finally starts pushing inflation up sometime in 2018 – NYTimes and WSJ and Bloomberg … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | September 19, 2016

We’re getting more details from the trenches at Wells Fargo, where execs warned workers against creating sham accounts back in 2014 but apparently had trouble seeing that message through to practice – NYTimes and WSJ Meanwhile, William Cohan’s looking at the sheer size of the scandal [5300 employees and managers fired] and thinks that Wells … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | January 5, 2016

US stocks followed their global counterparts yesterday on a nasty open to 2016 on Wall Street – NYTimes and WSJ Andrew Ross Sorkin makes a byline appearance in Dealbook to discuss “designated lender counsel”—a “rather innocuous-sounding” term that’s part of a “new, insidious relationship” between the nation’s largest private equity firms, the banks that lend … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 12, 2015

The negotiator pull out (this time by the IMF) isn’t new, but the consequences of stalled talks loom larger than ever as the years-long financial crisis in Greece comes to a head with billions in debt payments due at the end of the month – NYTimes and Bloomberg N.D. Georgia Judge Leigh May’s June 8 … Continue reading