Search Results for: UBS AG
Former ConvergEx trader admits books and records falsification
April 7th, 2015
Former Convergex Global Markets trader, Michael Craig Marshall, pleads guilty for scheme to falsify books and records A former trader at ConvergEx Global Markets has pleaded guilty in federal court in New Jersey for his role in a scheme ...
Speed Trader Virtu Readies Another IPO Try
April 7th, 2015
Deal could value the company at $2.59 billion With the controversy over high-speed trading firms cooling, one of them is preparing to brave the stock market. Virtu Financial Inc. on Monday outlined plans to go public later this month ...
The Greek crisis and the clash of philosophies within the EU
April 7th, 2015
Listening to German Finance Minister Wolfgang Schäuble and his Greek counterpart Yanis Varoufakis speaking about the recent Eurogroup agreement on Greece, one could be forgiven for thinking they were talking about two completely different texts. There are obviously deep ...
Brokers under SEBI’s scanner for moving investors’ money abroad
April 6th, 2015
At least five stock brokers have come under regulatory scanner for siphoning off securities and funds worth over Rs 500 crore from investor accounts for personal gains to foreign locations, including Switzerland and Singapore, as also for private ventures ...
Citibank Seen as Target for Plea in U.S. Currency Case
April 3rd, 2015
The U.S. Department of Justice is pressing for Citigroup Inc.’s main banking subsidiary to plead guilty to a felony tied to the rigging of foreign-exchange markets, according to two people briefed on the matter. Citigroup has countered with an ...
The Inevitable Failure of Mechanistic Monetary Policy
April 3rd, 2015
Our current faith in central banks’ ability to “make the economy all better, all the time” is horrendously misplaced. We are living in the Cargo Cult Era of Central Bankers. The era began in earnest on December 5, 1996, ...
Antitrust and Other Inquiries in Europe Target U.S. Tech Giants
April 3rd, 2015
It is not a good week to be a giant American tech company in Europe. The European antitrust investigation into Google appears to be heating up. More European countries are looking into Facebook’s privacy settings. And Apple, which already is ...
Playtech forays into FX trading market with $224 million buy
April 2nd, 2015
Gambling technology company Playtech (PTEC.L) is set to enter the forex trading market after agreeing a deal to buy a majority stake in TradeFX for 208 million euros ($224 million). Playtech provides software used in sports betting and online ...
ISDA Outlines Path Forward for Centralized Execution of Swaps
April 2nd, 2015
The International Swaps and Derivatives Association, Inc. (ISDA) today published a set of principles aimed at promoting regulatory consistency in the development and application of centralized trading rules for derivatives. The execution of standardized derivatives on an exchange or ...
Should Individual Tax Returns Be Public Information?
March 30th, 2015
My guess is that if you asked Americans if their income taxes should be public information, the answers would mostly run the spectrum from “absolutely not” to “hell, no.” But the idea that tax returns should be confidential and ...
