TOKYO, May 27- Cash-rich Japanese banks are paying almost as much extra to borrow dollars on the currency swaps market as they did when they were fighting for survival two decades ago, due to their insatiable appetite for higher-yielding dollar assets. Their need for dollar funding is pushing up the cost, "said Makoto Noji, senior fixed-income strategist at SMBC...» Read More
Illinois, which has the worst-funded state pension system in the United States, has agreed to settle charges alleging it repeatedly misled municipal bond investors about the underfunding of its pensions.
Even amid declining stock market correlation, active managers are still having a tough time staying competitive.
We "suspect a drop is now likely to unfold over the next several months," Piper analysts said, adding that their full-year forecast is for a "hop, a drop and a pop."
"A short-selling ban would signal that they're really starting to panic. As a result it's probably going to have unintended consequences," one pro said.
Australia's central bank governor said on Friday there is already a good deal of interest rate stimulus in the economy, but reiterated the bank could lower rates further if needed.
While the Dow is still about 1 percent below its October 2007 high, two-thirds of all stock mutual funds have posted new highs since then, according to Lipper.
The SEC has shown little evidence that anything illegal happened in the Heinz insider trading case.
European telecom stocks have declined more than 10 percent over the past year. That sell-off has pushed yields on many large-cap names to between 6 and 10 percent. Yet dividend fund managers who would normally snap up such high yielding stocks are steering clear, worried about the sector's health and the prospect of dividend cuts.
Long frustrated about the low market valuation of Nasdaq OMX Group, the exchange operator's management is debating ideas ranging from diversification to going private or eventually splitting up the company.
Companies have a problem many people would envy. After a fourth year of higher profit, companies' piles of cash is approaching yet another all-time high and they can't get rid of it fast enough. USA Today reports.
A new report by a non-profit government watchdog group says former SEC employees, hired away from the Commission by the private sector, "routinely" help their new employers to influence the agency and blunt SEC enforcement actions.
A new study shows the SEC's revolving door with Wall Street is spinning out of control, with CNBC's Scott Cohn.
The subprime market for risky mortgage-backed securities is hot again and the chief market strategist at Rosenblatt Securities said, it will end badly.
Execs using it to pay themselves.
Chinese property companies are rushing to the dollar bond market, almost matching last year's sales in the first month of 2013 alone, in a frenzy that could inflate the sector's gearing and the broader risk of a housing price bubble.
With the economy creating 157,000 new jobs in January, why did Treasury prices tick higher? Trader Jim Iuorio has an idea.
With the Dow Jones industrial average on track for its best January since 1989 and the S&P 500 off to its fastest start since 1997, one of Wall Street's most-accurate prediction tools, the January Barometer, is flashing a green light for stocks.
Investors poured a record $55 billion in new cash into stock mutual funds and exchange-traded funds in January, thresearch provider TrimTabs Investment Research said.
President Obama nominated Mary Jo White to lead the Securities and Exchange Commission, tapping an attorney with broad experience in prosecuting white-collar crimes to lead an agency that has a central role in implementing Wall Street reform.
CNBC's Gary Kaminsky takes a look inside the SEC crime lab, where six terabytes of digital data, emails and documents come in for review every month.