Wall Street has hit a fresh five-year high.
The U.S. Vix index, which tracks investor expectations towards market volatility, has tumbled to a five-and-a-half year low, reports ft.com. This means investors may be less fearful, and more confident in their options. The low Vix also reflects the fact that central banks are seen as backstopping financial markets, lessening demand for downside protection, added […]
Following Goldman Sachs' recent move, both JP Morgan Chase and Blackrock will start disclosing the daily values of their U.S. money-market funds.
The Securities and Exchange Commission has announced that enforcement director Robert Khuzami will leave the agency. The New York Times says his departure marks the end of “an important chapter in the history of the agency.” It adds that SEC was both praised for coming down on Wall Street’s largest banks after the financial crisis, […]
HBSC is in the midst of selling its Ping An Insurance stake, but has encountered problems.
How to put exercise on your to-do list, and why it's crucial.
Inflation won’t be a threat in 2013, says research firm.
The search is on for Governor Mark Carney’s replacement.
The largest U.S. banks, including JPMorgan Chase, Bank of America, Citi Group and Wells Fargo are close to settling with regulators for breaking rules when foreclosing on customer’s homes, reports ft.com. The $10 billion settlement includes about $3.5 billion that will be paid in cash to homeowners who were evicted from their properties. Read more. […]
The solvency of Canadian pension plans has improved, but it may not be enough.