In the Margins
The Securities and Exchange Commission's efforts to make money market funds safer are giving investors a reason to flee the $2.7 trillion market, putting unintended stress on a crucial funding source for cities, counties and foreign banks. “You could see $400 billion move out of the private credit markets,” said John Tobin, head of global liquidity portfolio management at JPMorgan Asset Management. “That has implications.” Read the original story from The Wall Street Journal.
Most Read
The Securities and Exchange Commission has been accused of "over-regulation" in recent years as it has proposed and finalized dozens of rules in a relatively short ...
It's the Summer Solstice, and that means that for most of us the sun is shining, temperatures are heating up, and longer days allow for pursuits ...
When former BlackRock executive Salim Ramji takes the helm next month at Vanguard, the asset management behemoth's board of directors also will install its first-ever independent ...
Former BNY Mellon executive Joseph Keenan spent time during the pandemic learning "all things blockchain," knowledge that has come in handy since he was tapped in ...