Financial Highlights from the Recent Week You Should Know About:
- MARKETS: Two big names issue warnings about the markets
Famed author of, The Black Swan, Nassim Nicholas Taleb, warns of potential market correction due to the US debt crisis.
But he’s not the only one, JPMorgan CEO, Jamie Dimon, also issued a stark warning about a potential “market correction” within the six months to two years.
Both warnings come despite recent surges in the stock market. - CAREERS & EDUCATION: CFA Level 2 pass rates drop to decades low
The latest round of CFA Level 2 results fell to a decades low pass rate of 44%.
Typically, the pass rate for level 2 hovered between 45% to 50%. - BANKING: Bank of Canada cautions against over regulation
Canada’s banking sector is dominated by just a handful of big banks which has stifled productivity, innovation and efficiency.
The Bank of Canada recently warned against putting more regulation on the financial industry when it is in an environment begging for more innovation and realizes more regulation would stifle any innovation.
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