Search Results for: Credit Suisse
Asia markets close mostly down; Japan, Australia near bear markets
January 18th, 2016
Markets in Asia closed mostly lower Monday, on the back of another Wall Street sell-off Friday. Major indexes in Australia and Japan were nearing bear market territory, down over 18 percent from their 52-week highs. Down Under, the Australian ...
Multipolarity: The Next Step After Globalization?
January 14th, 2016
The world economy during the last few decades has experienced “globalization,” a broad and admittedly vague term which refers among other factors to a rise in the ratio of world exports to world GDP, as well as the pattern ...
Lloyds under investigation by FCA over possible market rigging
January 7th, 2016
Reports say investigation into gilts trading is not industry-wide despite recent criticism of regulator for dropping review into culture at major banks The City regulator is investigating whether traders at Lloyds Banking Group manipulated the price of government bonds, in a ...
Four London-based traders are being investigated by DoJ for possible manipulation
January 7th, 2016
DoJ investigates bond traders over market-rigging “What is Bond: A name for debt which is issued for a specified period of time. Depending the terms of the Bond, the issuer owes the holder/s a debt, and is obliged to pay ...
More banks pay no UK tax, Labour wants tougher approach
January 4th, 2016
Two more investment banks have reported paying zero tax in Britain in 2014, prompting the opposition Labour party to urge the government to reverse a tax change it made for banks last year. Citigroup and Credit Suisse disclosed in ...
US Swiss bank program reaches $1B in fines
December 28th, 2015
US officials announced settlements with four more Swiss banks Wednesday to lift the total fines in the two-year disclosure program to more than $1 billion from 75 banks. “With today’s resolutions under the Swiss Bank Program, the department has ...
ASIC bans former financial adviser for market manipulation
December 18th, 2015
ASIC has banned Tony Davidof, a former financial adviser, from providing financial services for three years. An ASIC investigation found that Mr Davidof engaged in manipulation of the price of MINI warrants issued by Credit Suisse, commonly called “MINIs”. ...
Wells Fargo to Nudge Brokers to Get Bigger Clients
December 18th, 2015
Change is bank’s latest push to compete for clients who have millions of dollars in assets Wells Fargo & Co. will push its brokers to work with bigger clients as part of a broader strategy to attract wealthier investors. The ...
Bank of Tokyo-Mitsubishi UFJ goes live on FXSpotStream as the 12th Liquidity Provider
December 16th, 2015
Volumes on the Service increases 25% through November FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that Bank of Tokyo-Mitsubishi UFJ is now live as a liquidity providing bank to FXSpotStream’s price aggregation service and client ...
Morgan Stanley Agrees to Pay $225 Million to Settle NCUA’s Claims
December 11th, 2015
Most Recent Settlement Resolves Cases in New York and Kansas Federal Courts The National Credit Union Administration today announced a settlement with Morgan Stanley for $225 million to resolve claims arising from losses related to corporate credit unions’ purchases ...
