President Joe Biden plans to name New York Federal Reserve markets chief Daleep Singh to serve as deputy national security adviser, a move the White House says reflects a commitment to prioritizing U.S. workers in foreign policy.
GameStop frenzy leaves mess for Wall Street regulators
Tory Newmyer and David J. Lynch, The Washington Post
Feb. 3, 2021
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Long before an army of small investors buying shares of GameStop shocked Wall Street, regulators saw the need for a clearer, real-time view of the trillions of dollars that sloshed through the markets each day.
In May 2010, a trader in London using an algorithm to manipulate a futures market helped trigger a chain reaction that wiped 9% off the Dow Jones industrial average in minutes. The market quickly recovered. But that flash crash underscored regulators urgent need for a tool that would allow them to pinpoint who was buying and selling what securities down to the millisecond, equipping them to monitor a business already transformed by the explosion of computerized trading.
Bloomberg, IHS Markit join race for SOFR credit add-on
BSBY index seen as ‘easy option’ add-on for regulator-preferred RFR; Markit preps for Q2 launch Print this page
Participants demanding a credit spread add-on for the secured overnight financing rate may now be spoilt for choice. Four firms are vying to be the go-to provider of a bank funding spread, which could be layered onto the Federal Reserve-backed Libor successor in US lending markets.
The newest entrants, Bloomberg and IHS Markit, have devised methodologies which broadly resemble a blueprint from Ice Benchmark Administration (IBA) for its Ice Bank Yield Index (BYI). All three have primary bank
College majors where the most students go on to graduate degrees
Alexander Raeburn, provided by
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College majors where the most students go on to graduate degrees
Choosing a career path is never easy, especially when considering changes in the world economy and rising cost of education. Traditional four-year bachelor s programs offer both specialized education and a solid foundation for further studies. Some careers require high-level degrees in order to be considered as a candidate, and a number of professions offer higher salaries with more education, though the higher degree isn’t necessarily a prerequisite for the position.
While college can be challenging, graduate students are expected to perform at a much higher level. Because of the added challenges and costs, graduate programs aren’t necessary for everyone, and might even cause further strain on a developed professional life. Assorted graduate master s programs can be completed in under two years