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During the crisis of 2008, service providers faced an environment in which they saw their clients' assets decline sharply.
October 6
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Executives at mutual fund companies, asset management companies and support providers rated client reporting--which included any reporting that is created for the purpose of distribution to clients--as their top challenge followed closely by risk management in Money Management Executive's third annual Operations Survey.
October 6
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The Swiss Bank is reviewing loans issued to clients in Puerto Rico. One brokerage customer said he was given credit to buy risky bond funds holding the islands government debt.
October 4 -
Big banks once again widened their lead in deposits, according to the FDIC's yearly survey. Community banks lost ground nationwide, but they held their own in small cities and rural areas. Plus, small banks slowed deposit-gathering because they're already too liquid.
October 4 -
While IT budgets at buy-side firms have not fully recovered from the cutbacks of the Great Recession, front-office demands keep growing in quantity, complexity and required speed of response.
October 4 -
loomberg -- Measures affecting Dodd-Frank Act requirements wont move forward in Congress while the government remains shut down, according to two Republican leadership aides.
October 3 -
The SEC says it has reached a settlement with a Nebraska investment advisory firm charged with breach of fiduciary duty involving three funds it managed over the course of the previous decade.
October 3 -
Measures affecting Dodd-Frank Act requirements wont move forward in Congress while the government remains shut down, according to two Republican leadership aides.
October 3 -
The IRS has temporarily stopped sending out tax refunds and the Tax Court has suspended operations as lawmakers in Congress continue their fiscal battle.
October 3 -
The Federal government shutdown will leave most agencies overseeing the bond market mostly operational in the near-term, but the municipal advisor rules implementation will be delayed and issuers are worried that Build America Bond payments might be cut off or delayed.
October 2
