Topic: Investment Services
Money fund assets fell to $3.090T in latest week
AP News
Money fund assets fell by $36.22 billion to $3.090 trillion in latest weekTotal money market mutual fund assets fell by $36.22 billion to $3.090 trillion for the week, the Investment Company Institute said Thursday. Assets of the nation's retail money market mutual funds fell by ...
Examiner sees accounting gimmicks in Lehman demise
Reuters US Online Report Business News
NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found. In a 2,200-page report made public on Thursday, examiner Anton Valukas, chairman of law ...
SEC head urges Congress to act on derivatives
AP News
SEC chairman calls for Congress to put new oversight on derivatives to bring openness to swapsThe government's top securities regulator called Thursday for Congress to impose new oversight on financial derivatives, warning that allowing risky instruments like credit default swaps to continue unfettered could bring further economic damage. The ...
Options exchange CBOE files for $300 million IPO
AP News
Options exchange CBOE files for $300 million IPO as it converts from member-owned organizationThe last major private exchange left in the U.S., the Chicago Board Options Exchange, filed for an initial public offering of up to $300 million Thursday. The CBOE plans to convert from a member-owned organization to ...
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