Search Results for: BNP Paribas
Citibank N.A. settles for being part of forex trading cartel
February 21st, 2017
Today, the Competition Commission has filed with the Competition Tribunal a settlement agreement reached with Citibank N.A. for being part of the forex trading cartel. The Commission found that from at least 2007, Citibank N.A. and its competitors had ...
Luxottica and Essilor agree €50bn merger
January 16th, 2017
Italy’s Luxottica and France’s Essilor have agreed a €50bn merger deal, one of the largest ever European cross-border transactions, creating a global leader in the fast-growing eyewear industry. The deal sees Luxottica, the world leading consumer eyewear group and ...
COMCO fines banks for participating in the EURIBOR cartel
December 21st, 2016
The Competition Commission (COMCO) has closed its investigation against certain banks related to interest rate derivatives in euro with an amicable settlement and imposes total fines of approximately CHF 45.3 million. COMCO reached the conclusion that between September 2005 ...
European shares move towards 11-month high on stronger banks
December 15th, 2016
STOXX Europe 600 index up 0.2 pct Banks advance on Fed’s move, hints Precious metals miners among top fallers European shares rose on Thursday, helped by gains in global banks following the U.S. Federal Reserve’s interest rate hike overnight, ...
Euro Projected to Weaken against the Dollar
December 5th, 2016
For the Euro to move higher tapering the asset purchase programme must be mentioned at Thursday’s ECB meeting but also keep an eye out for the abolition of the ‘capital key.’ The Euro will probably weaken against the Dollar ...
Playtech buys CHF for $120m
November 14th, 2016
Playtech (LSE: PTEC) today announces it has agreed to acquire Consolidated Financial Holdings A/S (“CFH”), a technology company with products including a leading Straight Through Processing (“STP”) brokerage which provides retail brokers with multi-asset execution, prime brokerage services, liquidity ...
Thomson Reuters Strengthens Buy-Side Trading Capabilities with REDE Acquisition
September 23rd, 2016
Thomson Reuters has signed a definitive agreement to acquire REDI Holdings, a trading technology pioneer whose flagship REDIPlus execution management system (EMS) provides advanced cross-asset class trading capabilities to the buy-side. The acquisition is expected to close by the ...
Samsung is planning to re-sell refurbished phones at a lower price
August 22nd, 2016
Samsung plans to launch a programme to sell refurbished used versions of its premium smartphones as early as next year, a person with direct knowledge of the matter told Reuters. The South Korean technology firm is looking for ways ...
Pound rallies as UK political storm subsides
July 13th, 2016
Sterling climbed for a fourth consecutive trading session on Wednesday as Theresa May gets ready to become Britain’s new prime minister, removing the political uncertainty over the Conservative Party’s leadership. The British currency rose to $1.3326 on Wednesday, its ...
Can You Imagine The Fed Raising Interest Rates In This World? Europe In Chaos Edition
July 7th, 2016
Two short months ago it was generally expected that US interest rates would rise for the balance of the year — a move made possible by steady economic growth and general global stability. Here’s a representative piece ...
