Search Results for: JP Morgan Chase
The Aftermath of LIBOR and Penny-Shaving Attacks
August 12th, 2015
Anyone remember the LIBOR scandal from back in spring 2008? A trader for UBS Group and Citigroup named Tom Hayes was just sentenced by a British court to 14 years imprisonment for his role as a ringleader of the scandal. Darrell Duffie and Jeremy C. ...
Asia Stocks Swing as Aussie, Copper Slide on China; Oil Retreats
August 10th, 2015
Asian stocks swung between gains and losses and the Australian dollar slipped after a slump in Chinese exports and producer prices. Copper fell, while crude oil retreated toward this year’s low after U.S. producers added rigs. The MSCI Asia ...
Standard Chartered, Societe Generale are among four banks added to Forex Lawsuit by investors
August 3rd, 2015
Standard Chartered Plc and Societe Generale SA are among four banks added to a suit by investors claiming banks manipulated the $5.3 trillion a day foreign-exchange market. The investors filed a revised complaint Friday in which they broadened their ...
European Banks Face Capital Hit From Second-Quarter Bond Selloff
July 23rd, 2015
The bond market selloff in the second quarter probably dented the capital defenses of many European banks, with lenders in Italy and Spain hit hardest. The extent of the damage will be disclosed when banks report earnings starting this ...
Banks face new legal action over forex manipulation
July 15th, 2015
After fines totalling many billions of pounds from UK and US regulators, a new threat is about to hit the major banks found guilty of manipulating the foreign exchange market. US lawyers are preparing multi-million-pound legal action – to ...
China Opens Interbank Market to Central Banks, Sovereign Funds
July 14th, 2015
China issued new rules making it easier for foreign central banks, sovereign wealth funds and global financial organizations to access its interbank bond market, the latest step in the opening up of Asia’s largest economy. They will no longer ...
Brazil Regulator Names 30 Traders in Probe of Currency Rigging
July 14th, 2015
Brazil’s antitrust regulator named 30 people it’s investigating as part of a civil probe into anticompetitive practices in the currency market. If found to have violated the law, the individuals each may face penalties of as much as 2 ...
US stocks seen higher on Greek agreement
July 13th, 2015
U.S. stock markets were tipped to open higher on Monday following news that Greece and its international creditors have reached a bailout agreement. European Council President Donald Tusk said early on Monday that euro zone leaders reached an unanimous ...
UBS signs whistleblower deal with Brazil to avoid punishments in Forex rigging case
July 7th, 2015
Swiss bank UBS has signed a leniency agreement with Brazilian authorities to avoid punishment in the alleged rigging of the country’s currency market. Local newspaper Valor Econômico reported that UBS signed an agreement with Brazil’s antitrust watchdog, the Council ...
Citigroup, HSBC Among Banks Named in Brazil Currency Probe
July 3rd, 2015
Citigroup Inc., Morgan Stanley, HSBC Holdings Plc and 12 other banks are being investigated for currency manipulation by Brazil’s antitrust agency after similar probes in the U.S. and Europe led to penalties of more than $10 billion. Cade, as ...
