The Digest
Very interesting investigation into the settlement practices for ETFs, in light of the alleged rogue trading at UBS — Reuters
PIMCO created a fund to invest in banks and even problem assets, hoping to generate outsize returns after the crisis — Reuters
The back office hasn’t kept up with the front office, but efforts are underway to change that — FT
Malaysia’s SWF delays its CNY-denominated Islamic bond due to difficult market conditions — FT
Banksimple, the US retail banking startup that aims to change the way people interact with their money, has released a first impressive-looking demo — Banksimple
Issuance of Tier 1 and 2 capital drops to lowest level since 2003, hamstrung by shaky markets and regulatory risk — Reuters
The Digest is a (near-)daily overview of interesting stories in financial services and technology.
