Search Results for: Banks
Hedge funds confront impact of financial market regulations and challenges of evolving prime broker relationships
November 10th, 2015
29% of funds surveyed have experienced prime broker price increases in past year, while 22% anticipate future increases Hedge fund managers seek new asset growth strategies Investments in technology imperative as managers seek transformational change Hedge fund managers are ...
HSBC hopes to leapfrog rivals with new China partnership
November 10th, 2015
HSBC to use JV to tap China’s onshore bond market Foreign rivals on restrictive licences have made little inroad HSBC will have full control of JV and broader licence Risk of rising defaults in slowing Chinese economy HSBC is ...
Magic Circle firms lead on major City broking merger
November 10th, 2015
Clifford Chance and Allen & Overy (A&O) are orchestrating a tie-up between two of the City’s most storied brokers, ICAP and Tullett Prebon, as the market consolidates in response to low trading volumes and tougher regulations. Icap, which was ...
OPEC’s Strategy Seen Potentially Backfiring
November 10th, 2015
Decision against controlling oil output could add to sustained period of low oil prices and dent revenues, IEA says OPEC’s unwillingness to limit its oil output could help usher in a sustained period of low prices and more pain ...
European stocks end lower as M&A hopes fade
November 10th, 2015
UniCredit may cut thousands of jobs; VW hit by downgrade European stocks finished lower Monday, hurt in part by disappointment over potential merger developments for InterContinental Hotels Group PLC and auto maker Renault SA. The Stoxx Europe 600 SXXP, -1.07% finished down ...
JP Morgan CEO sees Bitcoin as a waste of time: Video
November 9th, 2015
Bitcoin skeptic Jamie Dimon, CEO of JPMorgan has once again spoken about the decentralized cryptocurrency, Bitcoin – by dismissing it. He sees potential in blockchain, however. “Separate currency from blockchain,” Dimon said, speaking at the Fortune Global Forum. “My belief ...
CFTC Releases Annual Enforcement Results for Fiscal Year 2015
November 9th, 2015
Agency Filed 69 Enforcement Cases and Achieved a Record $3.14 Billion in Civil Monetary Penalties Ordered The U.S. Commodity Futures Trading Commission (CFTC) today released the agency’s enforcement results for fiscal year (FY) 2015, which included a record $3.144 ...
Cross-Border RMB Flows and Capital Market Connectivity Between China and Singapore to Strengthen
November 9th, 2015
Initiatives to strengthen cross-border Renminbi (RMB) flows and a commitment to collaborate on capital market connectivity between China and Singapore were the key outcomes in financial co-operation arising from the recent State Visit to Singapore by the President of ...
Former Rabobank traders convicted in U.S. over Libor rigging
November 9th, 2015
A federal jury found two former traders at Rabobank guilty of fraud on Thursday in the first U.S. trial arising from a global investigation into manipulation of Libor, the leading benchmark for pricing financial transactions around the world. ...
Greece, Creditors Said to Need a Few More Days to Reach Aid Pact
November 9th, 2015
Update: Greece and its European Union creditors need a few more days to reach an agreement that would release an aid payment of 2 billion euros ($2.2 billion), according to an EU official with knowledge of the talks. The ...
