BOSTON, Jan 9- Big European and American banks have found a productive place to park the energy sector's most distressed debt: the $2.7 trillion U.S. money market industry. Barclays Bank plc, Credit Suisse and Wells Fargo and others get overnight and short-term loans from companies that run money market mutual funds such as Fidelity Investments, BlackRock Inc,...» Read More
Although changes to money market funds since 2010 have made them more transparent and stable, SEC Chairman Mary Schapiro told CNBC that there are structural weaknesses still to be addressed.
Not guarding against inflation could mean a loss of principal — and one expert says low-duration bond funds are one way to avoid that.
China should accelerate the loosening of capital controls, its central bank said, in a report outlining the path to a freely tradable currency and more open capital markets. The Financial Times reports.
Despair will turn to hope in 2012 following stock losses in the first quarter, according to analysts at Goldman Sachs portfolio strategy research team.
Wednesday’s 400-plus point jump in the Dow following news the world's major central banks are taking further coordinated action to reduce the interest rate on dollar swaps shows the market is hungry for action to resolve the euro zone debt crisis, according to analysts at Barclays Capital.
It's been quite a week. I thought it might be helpful to take a step back from the drama and contrast 2008 versus 2011 from an economic standpoint.
Insight on how strong the U.S. banking system is, with William Isaac, former FDIC chairman.
Money markets had their biggest outflows since the collapse of Lehman Brothers as panicked investors worried about a U.S. debt downgrade and sliding stock market.
Debt impasse in Washington has some concerned about cash moving out money market funds and in turn, creating stress in short term liquidity markets.
You might be surprised by some of the possible answers. Click ahead to see what happens if the U.S. credit rating is downgraded.
As an alternative to savings accounts at a commercial bank, many people choose to put their money into money market accounts set up by way of money market funds. What are they and how are they constituted?
The goal of money market funds is to never lose money and maintain a net asset value (NAV), or per-share value, at $1, and when their NAV goes below $1, this is called breaking the buck. CNBC explains.
Money market funds are required by law and by their own charters to hold only high-quality securities. So if the ratings agencies downgrade the credit of the United States, will they have to sell their Treasury holdings?
Money market funds have long been a popular haven for conservative investors, but they could become one way that the tremors of the financial crisis in Greece touch the pocketbooks of Americans — about 50 million of them the New York Times reports.
CNBC's Kate Kelly looks at the impact the Greek crisis could have on your money market fund. Peter Crane, president of Crane Data, weighs in, as well.
As we explained last week, U.S. money market funds aren't directly exposed to Greek government debt. But they hold around $1 trillion of debt issued by European banks—who are among the biggest creditors of Greece.
Money market funds have no explicit guarantee from the US government.
CBC's Kate Kelly has the details on Euro stress impacting money market funds.