Search Results for: Barclays
U.S. SEC a stumbling block in banks’ forex guilty pleas – sources
May 15th, 2015
Banks want assurances from U.S. regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in multibillion-dollar settlements, people familiar with ...
UBS Guilty Plea for Libor Seen Opening Door to Political Battle
May 14th, 2015
UBS Group AG faces the prospect of making a guilty plea that would require it, along with four other giant global banks, to seek U.S. regulators’ permission to keep managing Americans’ money. Several law experts said that UBS may ...
AMF updates the list of unauthorised websites offering binary options trading
May 13th, 2015
The AMF is publishing a new updated list of websites offering binary options trading, for which no authorised investment services provider could be clearly identified. The Autorité des Marchés Financiers (AMF) is once again warning retail investors against aggressive ...
U.S. Set to Rip Up UBS Libor Accord, Seek Conviction
May 13th, 2015
The U.S. Justice Department is set to rip up its agreement not to prosecute UBS Group AG for rigging benchmark interest rates, according to a person familiar with the matter, taking a new step to hold banks accountable for ...
Top news of the day
May 12th, 2015
1. Greece made a repayment of 750 million euro to IMF. Progress is made but work needs to be done. The move came after a what seemed a rare good news day in terms of talks between Greece and its lenders ...
Bank parents or main units seen pleading guilty over FX: sources
May 12th, 2015
The parent companies or main banking units of as many as five major banks, rather than their smaller subsidiaries, are expected to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, people familiar with the matter ...
Euro slips on Greek woes, rate cut speculation hits kiwi
May 11th, 2015
Euro on defensive as nerves take hold before Eurogroup meeting Dollar/yen steady after jobs data fails to provide spark Kiwi slides to near two-month low on RBNZ rate cut speculation Pound stands tall after election, BOE, fundamentals eyed again ...
Banks Expected to Settle FX Probes for Billions
May 7th, 2015
Citigroup Inc., Barclays PLC, J.P. Morgan Chase & Co. and Royal Bank of Scotland Group are expected to plead guilty to rigging foreign-currency exchange rates and pay billions in combined penalties. Four big banks are expected to plead guilty ...
China Stocks Drop While Aussie Gains After RBA; Commodities Fall
May 5th, 2015
Chinese stocks fell on concern recent gains were excessive, while Indonesia’s rupiah weakened after the economy contracted. Australia’s currency rose amid speculation the central bank will refrain from further interest-rate cuts. The Shanghai Composite Index retreated 2.3 percent by ...
Bank of America to Pay $180 Million to Settle Investors’ Forex Lawsuit
April 30th, 2015
BofA says cost of settlement will be covered by existing reserves Bank of America Corp. has agreed to pay $180 million to settle a lawsuit by private investors who accused the bank and others of manipulating foreign-exchange rates. The bank’s decision ...
