MADISON, Wis. - (07/27/06) -- CUNA Mutual Group announcedWednesday it is one of the first investment companies to takeadvantage of a new Securities and Exchange Commission ruling thatwill allow it to mix its core MEMBERS Mutual Fund menu with fundsof other fund companies in a single portfolio. MEMBERS Mutual Fundswill become among the first investment houses to offer assetallocation funds that combine internal proprietary funds withexternal funds, beginning on July 31. This type of asset allocationfund, known as a 'Fund of Funds,' is a mutual fund that invests inother mutual funds
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The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
6h ago -
The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
9h ago -
The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
10h ago -
The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.
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The Bank of England's new guidance changes restrictions following criticisms and concerns about U.S. dominance.
June 22 -
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
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