Search Results for: Banks
Buy-siders left exposed by MiFID II bond changes
May 30th, 2016
Fixed income traders are warning pre-trade transparency rules under MiFID II will undermine already diminishing liquidity, as no realistic solution to the problem currently exists. An investigation by The Trade found traders are regularly being forced to ‘show their hand’when ...
EY selling $16m worth of bitcoin
May 30th, 2016
Professional services firm Ernst and Young says it will sell $16 million worth of bitcoin, in what it describes as an Australian-first. EY said it has been engaged to assist in an international auction of 24,518 bitcoin by an ...
Profidata Group AG acquires abraxas GmbH
May 30th, 2016
Profidata Group AG (Profidata Group) has acquired the entire shares of abraxas GmbH (abraxas), a business that makes a perfect match for the existing portfolio of Profidata products and services. Over the past 25 years abraxas has built an ...
Regulation – the hidden curse
May 27th, 2016
Regulations are nearly always introduced with the best intentions. In financial services, they aim to stop unscrupulous brokers and banks from ripping off the public through bad practices. Manufacturers are banned from making products which are dangerous to children, ...
Bank of International Settlement published first phase of a global code of conduct for currency markets
May 27th, 2016
The first phase of the Global Code of Conduct for the Foreign Exchange Market and principles for adherence to the new standards were released today in New York by the Foreign Exchange Working Group (FXWG). “In a globalised world, the foreign exchange market ...
European Commission proposes new e-commerce rules
May 27th, 2016
The European Commission today tabled a package of measures to allow consumers and companies to buy and sell products and services online more easily and confidently across the EU. Delivering on its Digital Single Market and Single Market strategies, ...
Saudi Arabia Has a Plan B to Try to Stop Iran’s Economic Rise
May 26th, 2016
The kingdom is mobilizing its Gulf allies to make sure that Iran’s opening-up to the global economy doesn’t go smoothly. Saudi Arabia couldn’t stop the Iran nuclear deal from being signed. Plan B is to limit Iran’s ability to ...
The top 10 countries with the largest gold holdings
May 26th, 2016
Beginning in 2010, central banks around the world turned from being net sellers of gold to net buyers of gold. Last year they collectively added 483 tonnes—the second largest annual total since the end of the gold standard—with Russia ...
RBS’s Bank Restructuring unit faces legal claims from business who claim they were forced into liquidation
May 26th, 2016
Small businesses who claim they were forced into liquidation by the activities of Royal Bank of Scotland’s controversial Global Restructuring Group (GRG), have set up a dedicated whistleblowers Website to encourage bank staff to provide information on the unit. ...
$175 Million Penalty for Citibank
May 26th, 2016
CFTC Orders Citibank, N.A. and Japanese Affiliates to Pay $175 Million Penalty for Attempted Manipulation of Yen LIBOR and Euroyen TIBOR, and False Reporting of Euroyen TIBOR and U.S. Dollar LIBOR Citibank, N.A. Has Been Subject to Three CFTC ...
