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Of the 78 money funds that asked for help from their management firms, 21 would have broken the buck without that assistance, according to the Fed study. And 32 funds needed help more than one time.
The Wall Street banking giants are joining to a growing roster of traditional financial firms to offer tokenized versions of ...
By Yantoultra Ngui and Rae Wee SINGAPORE (Reuters) -State-backed investment banks China International Capital Corp and China ...
Bursa Malaysia Bhd is maintaining its pre-tax profit (PBT) target of between RM369 million and RM408 million for the ...
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Free Malaysia Today on MSNGoldman, BNY launching tokens tied to money market funds
Investors can now buy and sell money market fund shares on BNY’s LiquidityDirect platform, with a digital record of those shares created on Goldman’s blockchain system, the two financial giants said ...
The ringgit opened flat against the US dollar but rose against other major currencies, with investors still weighing the ...
Investor Chamath Palihapitiya recently flagged the trend, saying that the “market is risk-off,” while referring to money market funds hitting a record high of $7.24 trillion in May.
As demand for Shariah-compliant investment grows, Islamic commercial papers could provide ethical returns and liquidity for faith-conscious investors ...
Many money market funds are still offering yields above 4%, reflecting prevailing short-term interest rates. That far exceeds the average savings account, giving investors an incentive to move ...
Current Yield: The Crane 100 Money Fund Index tracks the seven-day yield of the 100 largest US taxable money market mutual funds. As of June 13, 2025, the yield stood at 4.1%. Stable-Value Options ...
A large part of maximizing the interest returns on your money is making sure you've deposited it in the right account. Getty Images/iStockphoto If you keep your savings in an interest-bearing ...
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