Search Results for: Federal Reserve
SEC Charges Rhode Island Agency and Wells Fargo With Fraud in 38 Studios Bond Offering
March 8th, 2016
The Securities and Exchange Commission today charged a Rhode Island agency and its bond underwriter Wells Fargo Securities with defrauding investors in a municipal bond offering to finance startup video game company 38 Studios. The Rhode Island Economic Development ...
Stocks Limp to End Weak February
March 1st, 2016
Investors remain cautious, as officials guide China’s currency to weakest level in three weeks February’s rally faded Monday, as the Dow industrials hung on to post a small gain for the month while the S&P 500 slipped into negative ...
Gold Becomes the Biggest Winner of 2016
February 29th, 2016
Money managers boost net-long positions to highest in a year Inflows to SPDR Gold Shares beat all other U.S. ETFs Gold’s comeback is dominating 2016. The precious metal is the year’s best-performing major asset. Its 15 percent gain is ...
Bundesbank posts €3.2 billion profit in 2015
February 25th, 2016
The Bundesbank posted a profit of €3.2 billion for the 2015 financial year, up from €3.0 billion in 2014. This profit was transferred in full today to the Federal Government of Germany pursuant to section 27 number 2 of the Bundesbank Act (Bundesbankgesetz). ...
Apple Goes to the Supreme Court
February 25th, 2016
The Justices should hear the e-book antitrust case. The Supreme Court may consider as early as Friday whether to take an appeal of one of the great antitrust abuses of recent decades, and the economic import is far larger ...
Dollar on track for steep weekly losses
February 12th, 2016
The dollar nursed losses on Friday that have put it on course for steep weekly drops against major currencies, with many investors favouring the perceived safe-haven appeal of the yen amid sinking global markets. Japanese markets were closed for a ...
Morgan Stanley to pay $3.2 billion to settle financial crisis-era charges
February 12th, 2016
Morgan Stanley (MS.N) will pay about $3.2 billion to settle charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, federal and state officials said Thursday. The case stems from an investigation by the ...
Asia markets close mixed; Hong Kong shares tumble
February 11th, 2016
Asian markets closed mixed on Thursday as investors digested remarks from Federal Reserve Chair Janet Yellen and oil remained volatile. Hong Kong’s Hang Seng index, which resumed trading today after being shut from Monday through Wednesday for the Lunar New ...
Welcome To The Currency War, Part 21: Japan Goes Negative; US To Return Fire In 2016
February 1st, 2016
Well that didn’t take long. Two weeks of falling share prices and the European and Japanese central banks caved. First the ECB promised new stimulus — which the markets liked — and then the BoJ upped the ante with ...
International central bank committees release reports on fixed income markets
January 22nd, 2016
The Committee on the Global Financial System (CGFS) and the Markets Committee today released two reports on the structure and liquidity of fixed income markets. The CGFS report, Fixed income market liquidity, finds signs of greater fragility, with liquidity conditions ...
