N.Y.C. Selling $650M Liberty Bond Deal for Bank of America
- Bank money fund growth tops nonbanks'. Plasencia, William // American Banker;6/7/1996, Vol. 161 Issue 109, p10
Focuses on the growth of assets in bank money market mutual funds as of June 4, 1996. Report from IBC Financial Data Inc.; Comparison with nonbank counterparts; Banks' appeal to novice investors; Banc One Corp.'s merger of most of the mutual fund portfolios of Premier Bancorp into its...
- Banks snatch market share from brokers in short-term cash management products. Garmhausen, Stephen // American Banker;1/25/1999, Vol. 164 Issue 15, p8
Cites a study which found that United States banks are rapidly gaining market share in sales of money market funds and other short-term investment products. Decrease in market share of nonbank brokerages; Corporations' turning to banks for short-term cash management products in 1998; Gaining...
- For Japanese funds, custodian risk count in ratings. Moriya, Shoko; Arne, Gary R. // Securities Industry News;03/22/99, Vol. 11 Issue 12, p3
Reports on the overlooking of the potential insolvency of a money market fund's custodian bank. Credit risk from the insolvency; Money fund ratings criteria.
- Euro Bank Woes Spook U.S. Money Market Funds. Barney, Lee // Money Management Executive;5/31/2010, Vol. 18 Issue 22, p10
The article reports on the concern of fund managers on the lending of European Banks, which involves risk in the money market funds in the U.S.
- Tax measure on trust conversions to mutual funds is patently unfair. McCrady, Norbert // American Banker;11/16/1993, Vol. 158 Issue 219, p18
Opinion. Comments on the measure by Congressional tax authorities which allows tax-free conversion of common trust funds to mutual funds. Denial of equal investment opportunities for smaller banks; Advantages for large banks; Support from House and Senate leaders to amend the bill's reference...
- Banks still high on money market funds. Talley, Karen // American Banker;10/10/1994, Vol. 159 Issue 195, p35
Focuses on the banks' money market mutual funds. Money fund losses of BankAmerica Corp.; Liquidation of the Community Assets Management; Assets of the money market funds as of September 28, 1994; Money market funds of Union Bank, J.P. Morgan & Co. and Keycorp.
- Consultant: Confused banks push others' money funds. Ratner, Juliana // American Banker;5/5/1997, Vol. 162 Issue 85, p13
Focuses on banks' share of the money market fund assets in the United States as of March 31, 1997. Allowing billions of dollars to slip into the hands of nonbank competitors; Trend toward the mutual fund industry.
- Tax-Free Losses Hit $7.69B, Triple the Outflows of Last Week. Albano, Christine // Bond Buyer;1/30/2009, Vol. 367 Issue 33052, p21
The article offers information on the status of the tax-free money market funds in the U.S. According to the Money Fund Report, a service of iMoneyNet.com, these funds lost $7.69 billion causing its total assets to settle at $493.41 billion for the week ending January 26, 2009. It mentions that...
- New Year Kicks Off With $10.7 Billion of Inflows. Posner, Matthew // Bond Buyer;1/11/2008, Vol. 363 Issue 32793, p7
The article reports developments regarding the 2008 municipal money market funds in the U.S. It is stated that the municipal money market funds have started with a boost, reaching record assets under management with inflows of $10.713 billion for the week ending January 7, 2008. Moreover, the...