Search Results for: UBS AG
US authorities throw the book at Ripple Labs
May 6th, 2015
Ripple Labs has been fined $700,000 by the US Financial Crimes Enforcement Network (FinCEN) in the first successful civil enforcement action against a virtual currency exchange. According to the charge sheet brought by US authorities, Ripple Labs, and its ...
Virtu Financial Announces First Quarter 2015 Results
May 6th, 2015
Virtu Financial, Inc. (Nasdaq:VIRT) a leading technology-enabled market maker and liquidity provider to the global financial markets, which priced its initial public offering on April 15, 2015, today reported results for the first quarter ended March 31, 2015. First ...
BofA Paying $315 Million to Settle With BNP, Deutsche Bank
May 6th, 2015
Bank of America Corp. agreed in March to pay a combined total of $315 million to settle lawsuits with Deutsche Bank AG and BNP Paribas Mortgage Corp. related to fraud losses at failed lender Taylor Bean & Whitaker Mortgage ...
FIA: Tackling the risks of algorithmic trading
May 5th, 2015
Since the introduction of automated trading, much has changed in the operation of our markets: how to improve market structure and implement safeguards has been a key topic of conversation for both market participants and regulators for some time. ...
Morgan Stanley Says Litigation with Deutsche Bank Could Cost It Around $300 Million — Filing
May 5th, 2015
Suit over legacy-mortgage matters continues Morgan Stanley said on Monday that a continuing lawsuit with Deutsche Bank over legacy mortgage matters could cost it nearly $300 million. In April 2014, Deutsche Bank accused Morgan Stanley in a complaint of making false representations ...
BaFin: Market manipulation – Pre-arranged trades and wash sales
May 4th, 2015
BaFin has published an article with important information for investors regarding Market manipulation – Pre-arranged trades and wash sales. Trading securities to gain would-be tax advantages could boomerang back to investors if the transactions involve pre-arranged trades or wash ...
HSBC whistleblower claims work ‘not done yet
May 4th, 2015
Herve Falciani, a former HSBC employee who leaked information on the bank’s clients and tax situation, has told Spanish newspaper El Mundo he had knowledge of other cases and could act again, adding his “work was not done”. Mr ...
Asian shares rise as weak China data spurs stimulus bets
May 4th, 2015
Asian stocks bounced off lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world’s second-largest economy. Spreadbetters expected the equity ...
KCG Announces Consolidated Earnings Of $2.19 Per Diluted Share For The First Quarter Of 2015
May 4th, 2015
KCG Holdings, INC. has issued a press release to inform for the company’s first quarter 2015 results. From first quarter 2015 results and the sale of KCG Hotspot, KCG’s tangible book value rises to $13.86 per share, book value ...
On Bank of Russia key rate ( from 14.00 to 12.50%)
April 30th, 2015
On 30 April 2015, the Bank of Russia Board of Directors decided to reduce the key rate from 14.00 to 12.50 percent per annum, taking account of lower inflation risks and persistent risks of considerable economy cooling. Amid ruble appreciation and significant contraction in consumer demand in February-April 2015, monthly ...
