Search Results for: Swiss banks
Oil Market Showdown: Can Russia Outlast The Saudis?
October 19th, 2015
“Two men enter, one man leaves, two men enter, one man leaves, two men enter…” Oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on ...
In defeat for UBS, Connecticut top court finds broad whistleblower rights
October 6th, 2015
Ex-UBS executive says was fired for complaints State law offers broader protection than US Constitution Connecticut’s highest court made it easier for private sector workers to bring whistleblower claims against their employers without fear of retaliation, ruling in a ...
Ultra-low Interest Rates: Dangerous or Just a Price?
September 22nd, 2015
Two recent reports start by observing that long-term interest rates have been at extraordinarily rock-bottom levels for several years now. But from that common starting point, the analysis of the reports heads in different directions. The Council of Economic ...
UBS reveals its interest in Sidechains as well as Ethereum
September 15th, 2015
There is an air of confidence about UBS at this time concerning the bank’s exploration of distributed ledger technology and smart contracts. Recently, UBS demonstrated how a bond could be automated on a blockchain, the shared ledger system similar ...
UBS Building Virtual Coin For Mainstream Banking
September 7th, 2015
Swiss bank UBS is working on a prototype virtual currency that it hopes will be used by banks and financial institutions as a basis to settle mainstream financial markets transactions. But unlike the bitcoin digital currency, the Swiss bank’s ...
UBS Diverts $5 Billion of Asia Deposits to Curb Basel III Costs
September 4th, 2015
UBS Group AG has shifted more than $5 billion of riskier Asia-Pacific deposits into alternative cash investments as new rules raise the cost of holding them. The world’s largest manager of millionaires’ money has helped some clients such as ...
Millenium Capital Exchange CEO Sentenced to Federal Prison for Running Forex Ponzi Scheme
September 3rd, 2015
Stafford S. Maxwell, the former owner and Chief Executive Officer of Millennium Capital Exchange, Inc., was sentenced to three years, nine months years in prison for orchestrating a multi-million dollar foreign exchange market Ponzi scheme. “With false promises of ...
Nasdaq poised to launch FX trading platform: top executive
August 26th, 2015
Nasdaq (NDAQ.O) is poised to launch a platform for foreign exchange trading which it says would make the $5 trillion-a-day global market more transparent and would diversify its own business, a top executive from the stock market operator said. ...
Dollar Gains as Yuan Fallout Continues for Emerging Assets
August 17th, 2015
The dollar strengthened as China’s shift to a more market-oriented exchange rate continued to reverberate through emerging economies, driving stocks and the ringgit lower. Oil fell, leading a gauge of commodities to a 13-year low. The dollar was stronger ...
8 Banking Giants Embracing Bitcoin and Blockchain Tech
July 28th, 2015
In its relative short history, bitcoin – and its underlying technology the blockchain – have captivated thinkers around the world, but not everyone was quick to see the potential. Due in part to its initial billing as a threat ...
