Search Results for: Barclays
FCA fines set to dip below record despite Libor and forex penalties
May 26th, 2015
Last week’s record £284.4m penalty imposed on Barclays for its part in the foreign exchange rate rigging scandal came just weeks after a £226.8m fine on Deutsche Bank The Financial Conduct Authority’s income from fines is set to fall ...
Asian shares turn higher as China rallies, dollar up
May 26th, 2015
Asian shares turned higher on Tuesday, reversing earlier losses on the back of gains in Hong Kong and China, while the dollar extended highs scaled in holiday-thinned trading in the previous session. European shares marked a weak finish in ...
Banks Said to Go to Legal Big Five in S. African Forex Probe
May 22nd, 2015
Banks under investigation in South Africa over alleged currency manipulation have hired the largest law firms in the country to advise them on the probe. Bowman Gilfillan, ENSafrica and Webber Wentzel, three of the so-called Big Five legal firms, ...
Legal troubles continue to brew despite FX settlement
May 21st, 2015
European Banks embroiled in the FX rigging scandal saw their shares rise yesterday after regulatory fines came in lower than unexpected, despite further legal woes looming on the horizon in UK courts. FTSE-listed Barclays rose 3.37 per cent and RBS increased 1.78 per ...
Japan shares set fresh 15-year high, dollar holds gains after Fed minutes
May 21st, 2015
Japanese shares hit a new 15-year high on Thursday on hopes that its long-moribund economy was finally coming to life, but weak China factory activity capped stock market gains in much of the rest of Asia. The dollar held ...
Top news of the day, May 20
May 20th, 2015
1. As Greek government officials expressed their confidence that a deal with the country’s creditors is close, top European officials indicated Tuesday that although there has been progress in negotiations, an agreement is unlikely before the end of the ...
Six Banks Pay $5.8 Billion, Five Plead Guilty to Market Rigging
May 20th, 2015
Six of the world’s biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of enforcement actions. Citicorp, ...
UBS to Plead Guilty on Libor, Fined by Fed in Currency Probe
May 20th, 2015
UBS Group AG said its main unit will plead guilty to fraud in the U.S. for manipulating benchmark interest rates and pay $203 million in fresh fines after the Swiss bank violated an agreement that had allowed it to ...
Citigroup sells 16 pct stake in airline Aeromexico
May 18th, 2015
May 17 Mexico’s biggest airline Grupo Aeromexico said on Sunday that Citigroup had sold its stake of about 16 percent in the company. The stock would be bought by several parties, including former Aeromexico chairman Eduardo Tricio, but none ...
Dollar pushes higher but near lows after downbeat U.S. data
May 18th, 2015
* Output, consumer confidence data back bets that Fed will wait * IMM data show speculators continued to trim long dollar bets * DXY vulnerable to further near-term correction-strategist * Kiwi skids after tax news raises rate-cut speculation The ...
