All Finance News
Top stories summarized by our editors
9/21/2018

Investors are not paying enough attention to structural challenges Europe faces because they are focused instead on Brexit, says Theodora Zemek, head of fixed-income strategy at Neptune Investment Management. But she says the risk of inflation and political uncertainty after a no-deal Brexit makes the UK also an unattractive proposition.

Full Story:
Investment Week (UK)
More Summaries:
Neptune, Brexit
9/21/2018

Critics of the European Securities and Markets Authority's partial restrictions on binary options trading say the regulator should have gone further and banned the activity. Instead, ESMA has extended restrictions imposed in July for three months and has permitted trading to continue in certain circumstances.

Full Story:
FXStreet
9/21/2018

Aston Martin says it wants a £5.1 billion valuation in an initial public offering in October, as the company prepares for any outcome of Brexit negotiations. The IPO bookrunner says there are orders for all available stock.

Full Story:
Reuters
More Summaries:
Aston Martin
9/21/2018

Banks needing to vet third-party vendors to meet risk requirements have turned to standardized questionnaires, but concerns remain that the questionnaires need tweaking and that vendors are reluctant to share detailed information.

9/21/2018

For the first time, BBB-rated bonds account for more than 40% of US corporate bonds, James Mackintosh writes. Meanwhile, Europe has replaced most of lower-rated bonds with bonds slightly above investment grade.

More Summaries:
James Mackintosh
9/21/2018

The financial-services industry is more susceptible to bad publicity from data breaches than other sectors, according to a report from eMoney Advisor. The report says that the average breach at a financial company costs almost $7 million and that attacks are increasing, with 25% of firms hit in 2017, up from 20% in 2016.

More Summaries:
eMoney Advisor
9/21/2018

BlackRock's iShares has brought to NYSE Arca an exchange-traded fund that buys bonds that mature in mid-December 2028. The iShares iBonds Dec 2028 Term Corporate ETF is designed to replicate the performance of the Bloomberg Barclays December 2028 Maturity Corporate Index.

Full Story:
ETF, ETF Trends
9/21/2018

A study from IonTuition finds 66% of people want the ability to put retirement matching contributions toward student-loan repayment, up from 49% a year ago. Many people feel as though they have to choose between making loan payments and saving for retirement, experts say.

More Summaries:
IonTuition
9/21/2018

A broad stock rally has driven the S&P 500 and the Dow Jones Industrial Average to record highs and the Nasdaq composite to within 1.3% of an all-time high. Investors shrugged off concerns about rising trade tensions with China and instead focused on weeks of steadily improving US economic data.

Full Story:
MarketWatch, USA Today
More Summaries:
Dow
9/21/2018

The Occupational Safety and Health Administration has fined contractors a total of $86,858 in connection with worker-safety citations stemming from the Miami pedestrian bridge collapse that left six people dead in March. OSHA stated that the contractors failed to take sufficient measures to safeguard their employees from crushing and fall hazards.