Search Results for: BNP Paribas
OPEC Going Broke, Dumping Dollars. Is That Good Or Bad?
April 15th, 2015
When oil prices fell out of bed last winter there was much hand-wringing over the fate of the former beneficiaries of high-priced crude. Trillions of dollars of junk bonds issued by frackers, for instance, might default, oil field services ...
Citibank Seen as Target for Plea in U.S. Currency Case
April 3rd, 2015
The U.S. Department of Justice is pressing for Citigroup Inc.’s main banking subsidiary to plead guilty to a felony tied to the rigging of foreign-exchange markets, according to two people briefed on the matter. Citigroup has countered with an ...
China’s thriving brokerage minnows set to come under M&A spotlight
April 3rd, 2015
* Stock market boom saw brokers doubling profits in 2014 * Beijing plans to open up sector to more financial firms * Stiff industry competition ahead to lead to more deals In the shoals of China’s little-known stockbrokers, fast-growing ...
Iran Moves Closer to Restoring Oil Exports on Nuclear Accord
April 3rd, 2015
Iran’s accord with world powers brings the OPEC member a step closer to restoring oil production that was cut by sanctions while leaving unresolved when it will happen. The preliminary agreement outlined Thursday signals the Persian Gulf nation may ...
Playtech forays into FX trading market with $224 million buy
April 2nd, 2015
Gambling technology company Playtech (PTEC.L) is set to enter the forex trading market after agreeing a deal to buy a majority stake in TradeFX for 208 million euros ($224 million). Playtech provides software used in sports betting and online ...
Norway Signals Reduction After Unexpectedly Holding Rate
March 19th, 2015
Norway’s central bank unexpectedly left interest rates unchanged and signaled another cut to protect the economy against a plunge in oil prices. The krone surged. The overnight deposit rate was kept at 1.25 percent, the Oslo-based bank said. The ...
Commerzbank nears $1.4 billion-plus settlement with U.S. – sources
March 6th, 2015
Commerzbank AG (CBKG.DE) is nearing an agreement to pay U.S. authorities more than $1.4 billion to settle allegations it violated U.S. sanctions and a separate investigation that stemmed from the Olympus Corp (7733.T) accounting scandal, according to two people ...
Companies Dropping the Ball on Risk, Compliance
March 5th, 2015
Companies are woefully unprepared to deal with the increasingly challenging risk and compliance environment, and the blitz of devastating corporate blunders witnessed in 2014 will recur, and then some, this year, says Forrester Research in a scathing new report. ...
Barclays posts ‘messy’ full-year loss as shares fall
March 3rd, 2015
U.K bank Barclays posted a loss in its statutory full-year earnings on Tuesday as it set aside more money for potential fines related to its foreign exchange operations. Adjusted pre-tax profit increased by 12 percent in 2014 to £5.5 ...
Saudis’ Oil Price War Is Paying Off
February 27th, 2015
Three months after Saudi Arabia made clear it was going to let oil prices keep tumbling, the strategy is showing signs of working. U.S. drillers are idling rigs at a record pace, gutting investment plans and laying off thousands ...
