Search Results for: IG Group
Lehman Brothers pension scheme payout agreed
August 19th, 2014
Members of the Lehman Brothers Pension Scheme will receive their benefits in full after a £184m settlement was reached in the six-year legal battle that followed the firm’s insolvency. The Pensions Regulator (TPR) announced today that a settlement had ...
More gloom ahead for FX dealers in next two years
August 19th, 2014
Consultancy paints a far from rosy picture for the FX market in the years ahead as technology investment takes centre stage. Foreign exchange revenue and front-office headcount at banks will continue to decrease over the remainder of this year ...
Singapore Dollar’s Losses to Ringgit Seen Widening: Asean Credit
August 19th, 2014
The diverging economic fortunes of two Southeast Asian neighbors are prompting PineBridge Investments to favor Malaysia’s ringgit over Singapore’s dollar. The ringgit has gained 4% to 2.53 per Singapore dollar since reaching a 16-year low of 2.63 in February, ...
StanChart faces fresh $300m US settlement
August 19th, 2014
Standard Chartered is in talks to pay up to $300m to New York’s top banking regulator to settle allegations it failed to identify suspicious transactions. New York’s Department of Financial Services could announce the settlement as soon as this ...
West TX Oil up to $94.80 on Easing Supply Risks
August 19th, 2014
Brent crude edged up towards $102 a barrel on Tuesday, but stayed near a 14-month low reached in the previous session on weak demand and easing concerns over risks to supply. Brent shed nearly $2 on Monday, as investor ...
Abe finding it hard to get his way on defence
August 19th, 2014
On 1 July, Japan’s Prime Minister Shinzo Abe announced a decision to broaden the interpretation of the Japanese Constitution to enable Japan to exercise its right to collective self-defence. But to what extent will the Japan Self-Defense Forces (SDF) ...
Lawmakers criticize Fed’s crisis lending program
August 19th, 2014
Federal Reserve was urged to limit its crisis lending programs for big banks from a bipartisan group of lawmakers. During the crisis, the Fed invoked its emergency lending powers to pump cash into Citigroup, Morgan Stanley and other banks ...
Bitcoin’s price falls, but without serious trading consequences
August 19th, 2014
The last few days bitcoin has been in a bit of a downturn. On Monday, the price of Bitcoin dropped nearly 12 percent, to $435.60 from $492.95, according to the virtual currency website CoinDesk, its lowest value since May ...
European Stocks Rise as Ukraine Concern Eases
August 18th, 2014
European stocks advanced, after equities climbed the most in more than a month last week, as Ukraine and Russia met for talks. U.S. index futures rose, while Asian shares were little changed. United Internet AG added 3.3 percent as ...
ADCB launches commercial offshore banking products
August 18th, 2014
Abu Dhabi Commercial Bank (ADCB) announced today the launch of commercial offshore banking products through its Jersey branch. Eligible ADCB wholesale banking clients will now have the option to diversify and preserve their resources with full flexibility and control. ...
