As Tax-Season Ebbs, Money-Market Funds See Return Of Inflows; Fed's Bank Bailout Fund Remains At $126BN After the prior week's almost unprecedented outflows, total money market fund assets rose last week (admittedly by a modest $9.1BN), but remain below the $6TN level ($5.97TN) as tax-season draws roll off Source: Bloomberg The flows into money-market fund assets through April 24 mainly on the back of inflows by institutional investors, which had led the tax-related decline the...
UniCredit Bank introduces exclusive investment solutions to the Romanian market with the launch of onemarkets Fund. This platform presents a diverse array of investment solutions available to customers of UniCredit Bank Romania, along with the opportunity to leverage the extensive expertise of world leaders in mutual fund management, including BlackRock, Fidelity, Pictet, J.P. Morgan, Pimco, […]
Liberty Bank of East Longmeadow presented a $5,000 check to help honor local veterans.
/PRNewswire/ -- Higher credit costs are expected to serve as a modest headwind to U.S. bank earnings this year, according to S&P Global Market Intelligence's
Stock markets in the Asia-Pacific region traded mostly higher at the start of the week, while Chinese stocks dipped in the negative territory as investors digested the People's Bank of China's (PBoC)
Cybercriminals are constantly devising new ways to exploit vulnerabilities and steal sensitive information. DANIEL ADAJI outlines ways to safeguard your bank account and mobile wallet. In today’s rapidly evolving digital landscape, the importance of robust mobile wallet security cannot be overstated. With the surge in the use of digital wallets, there has been a corresponding Read More
Democrats are hopeful that President Biden's freedom to hit the campaign trail while former President Trump is stuck in a New York courtroom for weeks, maybe months, gives his reelection campaign a jolt. The president is spending several days this week covering crucial ground in Pennsylvania, including a visit to his hometown, while Trump sits []
The Securities and Exchange Commission of Nigeria has announced the virtual Capital Market Committee meeting for the first quarter of 2024. The meeting, which is scheduled for Thursday, April 18, will focus on addressing pressing challenges and brainstorming strategic ideas to advance the Nigerian capital market. SEC disclosed this to Journalists on Monday. It emphasised Read More
The Securities and Exchange Commission has revealed its stance against the admittance of illicit funds into the capital market through the fresh banking recapitalisation exercise. The Executive Director (Operations) of the commission, Dayo Obisan, revealed this on Thursday at a symposium organised by the Association of Capital Market Academics of Nigeria, with the theme ‘Banking Read More
Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. This is a major development in the real-world assets (RWAs) industry and comes after abrdn plc tokenized its MMFs on Hedera last year. The crypto world has witnessed a historic moment in the real-world assets (RWAs) […]
Defence will get an extra $50 billion over the next decade as part of a shake-up of the Australian military, as plans to acquire F-35 fighter jets have been put on ice. Unveiling a national defence strategy and $330 billion investment program in a major speech on Wednesday, Defence Minister Richard Marles revealed an additional […]
Investors have continued to backpedal on the stock market, especially in the banking sector, on the back of the proposed recapitalization of the banks announced late last month by the Central Bank of Nigeria, CBN.