Search Results for: wall Street
Swaps Payout Is a Windfall for Funds
January 11th, 2016
Market participants, lawyers will divide up $1.9 billion settlement Here’s another way some Wall Street debt traders are making money: suing. Several hedge funds and other big credit investors are in line for payouts of tens of millions of ...
Shanghai drops 5%, Shenzhen down 6.5% in renewed sell-off
January 11th, 2016
Chinese markets extended an already rough start to the year Monday, losing further ground and other Asian markets came along for the ride lower. The Shanghai composite was down as much 5.22 percent in late-afternoon trade, while the Shenzhen Composite shed 6.5 percent. ...
Lloyds under investigation by FCA over possible market rigging
January 7th, 2016
Reports say investigation into gilts trading is not industry-wide despite recent criticism of regulator for dropping review into culture at major banks The City regulator is investigating whether traders at Lloyds Banking Group manipulated the price of government bonds, in a ...
Record number of brokers barred, suspended in 2015
January 7th, 2016
A record number of punishments were levied against bad brokers in 2015 by the Financial Industry Regulatory Authority (Finra), the brokerage industry’s personal regulator. In 2015, 492 brokers were barred from Wall Street and 737 were suspended, according to data ...
FXCM Down 11%, Lower For Third Day In A Row
January 5th, 2016
FXCM Inc shares are trading lower by $1.70 at $15. It is trading lower for the third day in a row, losing over $5 from its December 29 close of $19.80. The following day, it ran intra-day to $24.77 before ...
The Crystal-Ball Business For 2016: A Brief Sampling
January 4th, 2016
It’s a new year and that means that it’s time to roll out a new round of predictions. There’s no reason to think that turning the calendar to January is any more productive for prognosticating vs. flipping the page ...
Hedge Funds Keep Losing — And Closing — And Why It Matters
January 4th, 2016
Unmanageable Money, Part 2: Hedge Funds Keep Losing — And Closing — And Why It Matters How do you make money in a world where history is meaningless? The answer, for a growing number of big fund managers, is ...
January 1, 2016: The New Bank Bail-In System Goes Into Effect In Europe
December 30th, 2015
If you have a bank account anywhere in Europe, you need to read this article. On January 1st, 2016, a new bail-in system will go into effect for all European banks. This new system is based on the Cyprus ...
Asia equities gain; New Zealand hits record high
December 23rd, 2015
Asia stocks followed their Wall Street peers higher on Wednesday as investors cheered strong U.S. data, a pause in the greenback’s rally and higher oil prices. Markets in Japan were shut for the Emperor’s Birthday. The region is expected ...
U.S. Third-Quarter GDP Revised Down to 2.0% Growth
December 22nd, 2015
The economy expands at a slightly slower pace than initially estimated in the third quarter The U.S. economy expanded at a slightly slower pace than initially estimated in the third quarter, as companies spent less stockpiling their inventories. Gross ...
