A working paper published by the National Bureau of Economic Research reported that buying credit ratings from S&P Global Ratings has a significant impact on the likelihood of being added to the S&P 500 Index.
In an interview Wednesday at the 88th Annual Security Traders Association Conference, SEC Commissioner Allison Herren Lee said she appreciated Gary Gensler, who testified Tuesday at the House Financial Services Committee oversight hearing, for “rolling up his sleeves” to address the complex issues facing the financial industry, such as payment for order flow (PFOF) and exchange for rebates.
U.S. Deputy Attorney General Lisa O. Monaco announced Wednesday the creation of a National Cryptocurrency Enforcement Team (NCET) to tackle complex investigations and prosecutions of criminal misuses of cryptocurrency.
Bo Chung, a 30-year veteran of the financial services industry, has joined Cboe Global Markets as senior vice president, Global Sales and Index Licensing. His hire is part of Cboe's expansion of its Data and Access Solutions leadership team.
Hedge Fund billionaire Ken Griffin told the Economic Club of Chicago Monday that his investment firm, Citadel, will probably move its headquarters out of Chicago if the city doesn’t “change course,” citing increased crime and violence.
Observations & Insight The Spread: Higher Bond Yields, Energy Fuel Continued Market Volatility at Quarter End; John's Take Looks at Recent CFTC Action; Why VVIX Matters JohnLothianNews.com - Stock market volatility continues to chug higher;...
First Read ++++ $53,706/$300,000 (17.9%) ++++ Hits & Takes John Lothian & JLN Staff The Washington Post has good coverage of the Pandora Papers. Here is a FAQ about the world of secret money. Here are key findings from the Pandora Papers investigation by the...