Only Charles Schwab Could Go to China; Auto Lending in Overdrive

Receiving Wide Coverage ... Breakthrough in MMF Debate: You might have missed this over the long holiday weekend: Charles Schwab is now backing reform of money market mutual funds. Specifically, the brokerage's CEO, Walt Bettinger, wrote in a Journal op-ed that his company would support requiring a floating net asset value for "institutional prime" money market funds. "Institutional" meaning funds whose shares are concentrated in the hands of relatively few holders, making them more prone to...