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The Money Management Institute has selected Cheryl Nash as co-chair of its technology and operations committee. She is a SVP at CheckFree Investment Services, now a division of Fiserv, and will join Kevin Miller, SVP at Dreyfus, as co-chair.
July 16 -
Turning the collection of market data into a competitive business is a fatally flawed idea, said the Securities Industry and Financial Markets Association last week in response to a Securities and Exchange Commission proposal that seeks to do so.
July 14 -
The biggest mutual funds in the nation have lost more than an estimated $4 billion in the past week alone on their investments in Fannie Mae and Freddie Mac and related mortgage stocks, Reuters reports, based on analysts assessment of fund companies latest reports. In the past week, Fannie and Freddie declined 45.4% and 46.5%, respectively.
July 14 -
The small group of money mangers who possessed the ability to outperform the market has virtually disappeared, according to a new study.
July 14 -
Firms that focus on value stocks have been slammed recently, as financial stocks like Freddie Mac and Fannie Mae continue to struggle, reports The Wall Street Journal.
July 14 -
Financial experts seem to be in agreement that we are now in a bear market, but will that bad news shake investors traditional buy-and-hold strategy with 401(k)s particularly older investors?
July 14 -
Following the rash of home equity loans that Americans regretfully took out over the past few years on their first or second mortgages essentially turning their homes into ATM machines, as many a critic has quipped their 401(k)s are now in danger of becoming the next get-cash-quick scheme, The Wall Street Journal reports.
July 14 -
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For professionals on Wall Street, the June jobs number confirmed what many already knew: The financial services segment of the U.S. economy lost jobs last month. Some observers say the pace of jobs lost on Wall Street could exceed all other previous downturns faced by banks and brokerages since World War II.
July 14 -