Search Results for: U.S. stocks
Fed investigating bank conduct in forex markets
November 13th, 2014
The U.S. Federal Reserve is investigating possible improper conduct in foreign exchange markets by large banking institutions, a spokesman said on Wednesday. “The Federal Reserve is continuing to investigate in the foreign exchange markets in coordination with other authorities, including the Department of ...
Regulators fine global banks $3.4 billion in forex probe
November 12th, 2014
Global regulators imposed penalties totaling $3.4 billion on five major banks, including UBS (UBSN.VX), HSBC (HSBA.L) and Citigroup (C.N) on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets. Royal Bank of Scotland (RBS.L) and JP ...
Dow, S&P 500 set record highs in light volume
November 12th, 2014
The Dow and S&P 500 eked out a fifth session of record closing highs on Tuesday, barely extending the market’s recent rally in light volume as consumer discretionary shares gained. The S&P 500’s top percentage gainer was Zoetis, which jumped 8.9 ...
If Everything Is Just Fine, Why Are So Many Really Smart People Forecasting Economic Disaster?
November 11th, 2014
The parallels between the false prosperity of 2007 and the false prosperity of 2014 are rather striking. If we go back and look at the numbers in the fall of 2007, we find that the Dow set an all-time high ...
China deal sends shares to one-month high, rouble surges
November 10th, 2014
A landmark deal to give global investors easier access to China’s $3.9 trillion stock market helped lift world shares to their highest in over a month on Monday, as renewed tensions in Libya and Ukraine pushed up oil prices. ...
BofA triples third-quarter loss due to forex legal expense
November 7th, 2014
Bank of America Corp (BAC.N) tripled its third-quarter loss to $232 million, in a revision that added legal costs related to global investigations into foreign exchange trading at major banks. Regulators are investigating allegations that dealers colluded and manipulated key ...
European Stock-Index Futures Retreat Before ECB Decision
November 6th, 2014
European stocks fell for the third time in four days, as investors awaited the European Central Bank’s monetary policy decision and any hints on further stimulus from President Mario Draghi. U.S. index futures and Asian shares also declined. The Stoxx Europe 600 Index ...
GM tells court it not liable for claims over pre-bankruptcy cars
November 6th, 2014
General Motors (GM.N) said in a court filing on Wednesday that it should not have to face lawsuits based on safety issues in cars made before its 2009 bankruptcy, including a faulty ignition switch that led to the recall of ...
Companies sign secret tax deals with Luxembourg: report
November 6th, 2014
More than 300 companies, including PepsiCo Inc(PEP.N), AIG Inc (AIG.N) and Deutsche Bank AG (DBKGn.DE), secured secret deals from Luxembourg to slash their tax bills, the International Consortium of Investigative Journalists (ICIJ) reported, quoting leaked documents. The companies appear to have ...
SAC’s Martoma wins delay of nine-year insider trading prison term
November 5th, 2014
Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen’s SAC Capital Advisors LP hedge fund, won an order Tuesday to delay the date he would begin serving a nine-year prison term for insider trading. The 2nd U.S. ...
