Search Results for: Sage
Currency trader of Deutsche Bank was dismissed for irregularities
September 22nd, 2014
A Deutsche Bank AG (DBK) currency trader was dismissed earlier this year after internal checks uncovered irregularities around how he recorded trades, the bank said. Andy Donaldson was suspended in June and dismissed shortly after, Sydney-based Adrian Cox, a ...
Biggest Banks Said to Overhaul FX Trading After Scandals
September 16th, 2014
The world’s biggest banks are overhauling how they trade currencies to regain the trust of customers and preempt regulators’ efforts to force changes on an industry tarnished by allegations of manipulation. Banks have capped what employees can charge for ...
FCA charges insider dealers with £3.2m in confiscation
September 15th, 2014
In a case brought by the Financial Conduct Authority (FCA) a total of £3,249,488.71 were made by His Honour Judge Pegden QC between 10 September 2014 and 15 September 2014 against Ali Mustafa, Pardip Saini, Paresh Shah, Neten Shah, ...
SEC Announces Charges Against Corporate Insiders for Violating Laws
September 11th, 2014
The Securities and Exchange Commission today announced charges against 28 officers, directors, or major shareholders for violating federal securities laws requiring them to promptly report information about their holdings and transactions in company stock. Six publicly-traded companies were charged ...
Hertz CEO steps down for accounting errors
September 9th, 2014
Mark Frissora has resigned as chief executive of Hertz Global Holdings Inc, citing personal reasons, as pressure from investors mounts following a series of accounting errors. Hertz’s shares rose as much as 5 percent after the No. 2 U.S. ...
Australian Job Ads at 17 Month High
September 8th, 2014
Australian job advertisements in newspapers and on the Internet rose for a third straight month in August to hit a 17-month high, offering hope that a recent spike in unemployment might prove temporary. A survey by Australia and New ...
Alibaba announces share sale details
September 8th, 2014
China’s biggest e-commerce firm Alibaba Group Holding says it expects to price its initial public offering (IPO) at between $60 and $66 per a share. It has filed to sell up to $24.3bn (£15bn) stock, which would make it ...
CySec warns of malicious sms
September 5th, 2014
The Cyprus Securities and Exchange Commission (CySec) has issued a warning announcement on misleading sms phone message. More precisely, the Chairwoman of the Cyprus Securities and Exchange Commission, Mrs. Demetra Kalogerou, submitted a formal complaint to the Police earlier today ...
Poroshenko Flummoxes Investors With About-Face on Truce
September 4th, 2014
Ukraine’s leader sent financial markets into turbulence as he backtracked on talk of an end to five months of violence in his nation’s east. President Petro Poroshenko announced yesterday that he’d hammered out a deal with Vladimir Putin to ...
Eurozone: Draghi’s new deal
September 3rd, 2014
About halfway through the speech, Mario Draghi stumbled. The European Central Bank president had reached a passage in his prepared remarks about the worrisome trend in inflation afflicting much of the continent. Few central bankers are more aware of ...
