Money Management Executive Latest News

The European Central Bank reported a “sharp tightening” of lending standards for businesses, due to the changing economic outlook, according to the Financial Times.

Hit hard by mortgage-related losses, Wall Street is returning to less risky transactions and focusing on tried-and-true practices like selling stocks and bonds to investors, according to the Wall Street Journal.

Money market mutual fund assets rose $13.55 billion to $3.189 trillion for the week ending Jan. 16, according to the Investment Company Institute.

The New York Stock Exchange said it will buy cross-town rival the American Stock Exchange for $260 million in stock in addition to whatever monies are raised by the sale of the smaller exchange’s headquarters.

Only a minority of financial institutions are actively promoting health savings accounts.

Registered investment advisors have had a good run over the past three years. And some 28% of RIA firms have experienced growth of more than 100%, according to a new study published by Fidelity Investments.

Vanguard Takes Top Spot from American Funds

By now, most asset management executives have seen the predictions that large-cap growth will be the way to go in 2008. But digging deeper than mere asset class predictions, MME spoke with two industry leaders to tease out nuances of what fund managers can expect this year.

BOSTON - Fund companies will need to plan ahead to ensure they can meet new regulations on fund disclosure without costly delays to investors and brokers.

BOSTON - Participants at one session of last week's National Investment Company Service Association's east coast regional meeting set their sights on how the managed funds industry is going to market itself to the 80 million Generation Y members.