The New York Fed quietly announced it is testing a “new tool” that would provide a lifeline for yield-starved money market funds.
In a speech today at Fordham University, William C. Dudley, president and chief...more
The Securities and Exchange Commission today unanimously proposed two alternative requirements for money market funds. First, the SEC would require institutional prime money market funds to operate with a floating net asset...more
In a bizarre twist to the case of the money market fund that broke the buck, the investment adviser to the Reserve Primary Fund (Reserve Fund) and its principals sued the fund’s independent trustees, laying the blame for the...more