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Monex Group: Notice regarding accrual of reserves based on its subsidiary’s decision
November 20th, 2015
Showing progress in fixed-type cost reduction plan Monex Group, Inc. announces that Monex, Inc., its wholly owned subsidiary, has decided to terminate an outsourcing contract regarding data system operation for the purpose of replacing its backbone brokerage system. It ...
FINRA Fines Deutsche Bank Securities Inc. $1.4 Million
November 20th, 2015
FINRA Fines Deutsche Bank Securities Inc. $1.4 Million for Violating Regulation SHO and Short Interest Reporting Rules The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Deutsche Bank Securities Inc. $1.4 million for violating Regulation SHO, ...
China Has a $1.2 Trillion Ponzi Finance Problem
November 20th, 2015
Some 45% of new debt will be used to pay interest: Hua Chuang `Ponzi’ finance was seen by Hyman Minsky as unsustainable Chinese borrowers are taking on record amounts of debt to repay interest on their existing obligations, raising ...
Credit Suisse Brokers Decamp for UBS
November 20th, 2015
Most recent move sees UBS hire Los Angeles team of four advisers who oversaw $1.8 billion UBS Group AG is proving to be an attractive destination for Credit Suisse Group AG’s U.S. brokers. In recent weeks, 16 Credit Suisse brokers managing ...
ICAP’s EBS BrokerTec and SGX sign collaboration agreement
November 19th, 2015
Agreement to launch SGX FX block futures on EBS Market Both businesses have noted growth in Asian trading volumes EBS BrokerTec, ICAP‘s market-leading electronic foreign exchange (FX) and fixed income business, and Singapore Exchange (SGX), Asia’s leading and trusted ...
Tehran Approves Russian-Iranian Bank Proposal
November 19th, 2015
The bank will initially focus on investment in bilateral trade and other joint economic projects Iran approved the Russian proposal to establish a bank for investment in joint economic projects, a deputy co-chair of the Russian-Iranian intergovernmental commission said ...
Ice Futures Singapore Launches with Commodity and Fx Contracts Serving Asian Markets
November 18th, 2015
Intercontinental Exchange (NYSE:ICE), the leading global network of exchanges and clearing houses, today announced the successful launch of trading and clearing for ICE Futures Singapore and ICE Clear Singapore on Tuesday, November 17, 2015. Total volume of 8,847 contracts traded and cleared on ...
Fear Spreads as China’s Finance Firms Face Arrests
November 18th, 2015
“People are worried” as hedge funds, traders, CSRC targeted At least 16 connected to finance world caught up in crackdown The high-drama highway arrest of a prominent hedge fund manager. Seizures of computers and phones at Chinese mutual funds. The investigations ...
Greece secures deal on next portion of bailout cash
November 18th, 2015
Greece has secured a tentative deal with the eurozone to unlock the latest tranche of financial aid. The two sides have agreed a batch of reforms that will be presented to the Greek Parliament on Thursday. The eurozone countries ...
AIG Advisor Group is up for sale
November 18th, 2015
Giant insurer AIG is receiving inquiries for its network of four IBDs The AIG Advisor Group is up for sale. One of the largest networks of independent broker-dealers in the country, the AIG Advisor Group, recently hired a law ...
