Search Results for: Standard Chartered
Hausfeld Announces 9 Settlements Totaling More Than $2 Billion in FX Antitrust Litigation
August 14th, 2015
Hausfeld, a global claimants’ law firm dedicated to handling complex litigation, announced today that the plaintiffs in In re Foreign Exchange Benchmark Rates Antitrust Litigation, 13-cv-7789 (S.D.N.Y.), have reached settlements totaling more than $2 billion with Bank of America, Barclays, ...
China Growth Beats Economists’ Forecast as Stimulus Kicks In
July 15th, 2015
China’s economic growth proved resilient in the second quarter as policy makers stepped up support and a stock market boom — since soured — spurred services. Gross domestic product rose 7 percent in the three months through June from ...
George Osborne pledges lowest corporation tax in G20 but new bank tax hits UK small lenders
July 9th, 2015
Chancellor pledges lowest corporation tax in the G20 – but casts punitive net over the UK’s small lenders Chancellor George Osborne ushered in a new tax regime for British banks yesterday, dialling down the controversial bank levy while introducing a new ...
China Freezes Trading in 1,300 Companies, Locking Up 40% of Market Cap
July 8th, 2015
A wave of Chinese companies halted trading in their shares and regulators unveiled new measures to prop up the value of small-cap stocks in the latest attempts to stem a rout that’s wiped more than $3.5 trillion of value. ...
UBS signs whistleblower deal with Brazil to avoid punishments in Forex rigging case
July 7th, 2015
Swiss bank UBS has signed a leniency agreement with Brazilian authorities to avoid punishment in the alleged rigging of the country’s currency market. Local newspaper Valor Econômico reported that UBS signed an agreement with Brazil’s antitrust watchdog, the Council ...
Citigroup, HSBC Among Banks Named in Brazil Currency Probe
July 3rd, 2015
Citigroup Inc., Morgan Stanley, HSBC Holdings Plc and 12 other banks are being investigated for currency manipulation by Brazil’s antitrust agency after similar probes in the U.S. and Europe led to penalties of more than $10 billion. Cade, as ...
HSBC and JP Morgan may relocate parts of their business to Luxembourg from UK
June 16th, 2015
HSBC Holdings Plc (HSBA.L) and JPMorgan Chase & Co (JPM.N) are in talks to relocate parts of their businesses to Luxembourg from the UK as they weigh the possibility of a British exit from the European Union, the Times ...
LCH.Clearnet launches buy-side clearing of FX derivatives in Europe
May 26th, 2015
European offering expands on ForexClear’s US client clearing model Four banks signed up as clearing brokers Variety of account structures provide end users with increased protection and asset segregation LCH.Clearnet Limited (“LCH.Clearnet”), the global clearing house, today announced ...
Dollar eases after U.S. data disappoints, awaits Yellen
May 22nd, 2015
* Dollar index hovers below recent 2-week high * For the week, dollar index up more than 2 pct * BOJ keeps policy unchanged as expected * Caution reigns ahead of Kuroda, Yellen comments (Updates prices, adds comments) The ...
Dollar near 2-month low ahead of U.S. GDP, Fed policy statement
April 29th, 2015
* Dollar index hovers near its lowest level in 2 months * Euro flirts with $1.10, Aussie back near 80 U.S. cents * Investors await U.S. GDP, Fed outcome The dollar wallowed near a two-month low against a basket ...
