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One of the largest money market funds has frozen redemptions for seven days as the net asset value of its shares falls below $1.
THIS IS A MONEY MARKET FUND, NOT A MONEY MARKET ACCOUNT. MONEY...
Pimco, one of the largest bond companies in the world hasn't been redeeming its preferred auction rate security holders. It's still working through the mechanism of how to get the money back....
More turbulence in the money market fund world as fallout from the Lehman collapse continues. Putnam closed its $12.3 billion Putnam Prime Money Market Fund while Dryfus and Columbia (a division...
Harvard today announced that its endowment had dropped by 22% or $8 billion. The loss is greater than the total endowments of all but 4 universities. This marks the popping of one of the last...
Head of JP Morgan Chase's investment unit, James Staley, says that money market funds are the biggest risk to the financial system now. With over $4 trillion parked in money markets, they are...
Banks seem more competitive than ever to give away free gifts, cash, or other rewards to bring in new online customers. I think these deals might get even better if interest rates get lower and it...
The $40 billion Reserve Primary Money Market Fund that broke the buck is liquidating and its investors are slowly getting their money back. To date, about 30% of invested money has been returned....
A division of Cantor Fitzgerald, Cantor Entertainment, recently filed for regulatory approval with the Commodity Futures Trading Commission (CFTC) for a commodities futures market called the...