Leading Global Banks, Service Providers and Market Infrastructures Create New Hub for End-to-End Margin Processing
July 8th, 2015
Goal is to facilitate compliance with new margin regulations for non-cleared derivatives effective in 2016 Thirteen major global banks, ICAP plc and market infrastructures The Depository Trust & Clearing Corporation (DTCC) and Euroclear have joined forces with AcadiaSoft, Inc. ...
UBS signs whistleblower deal with Brazil to avoid punishments in Forex rigging case
July 7th, 2015
Swiss bank UBS has signed a leniency agreement with Brazilian authorities to avoid punishment in the alleged rigging of the country’s currency market. Local newspaper Valor Econômico reported that UBS signed an agreement with Brazil’s antitrust watchdog, the Council ...
Trillion-Dollar Stock Managers See Chaos on Greek ‘No’ Vote
July 6th, 2015
It shouldn’t have gotten this far. That’s the view of equity managers overseeing more than $3.7 trillion, who say the game of chicken between Greek Prime Minister Alexis Tsipras and creditors threatens lasting damage to a European stock rally ...
Citigroup, HSBC Among Banks Named in Brazil Currency Probe
July 3rd, 2015
Citigroup Inc., Morgan Stanley, HSBC Holdings Plc and 12 other banks are being investigated for currency manipulation by Brazil’s antitrust agency after similar probes in the U.S. and Europe led to penalties of more than $10 billion. Cade, as ...
Barclays brokers sniff at Stifel, jump to Merrill
July 1st, 2015
BofA has added 15 ex-Barclays advisers in the past month and recently picked up a $750 million team in Texas Fifteen advisers, including most recently a team in Texas managing $750 million in assets, have fled Barclays Plc U.S. ...
Asian stock markets sink after Greece closes banks
June 29th, 2015
Asian stock markets sank Monday after Greece closed its banks and imposed capital controls in a dramatic turn in its struggle with heavy debts. Oil prices declined and the euro edged down against the dollar after Athens announced the ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
Clifford Chance advises Deutsche Bank, J.P. Morgan and Standard Chartered Bank on a $500 Million Offering
June 23rd, 2015
Clifford Chance has issued a press release to inform that: The firm has advised Deutsche Bank, J.P. Morgan and Standard Chartered Bank in connection with the $500 million offering of 6.950% notes due 2025 by the Gabonese Republic. It ...
Bitcoin Could Change The Derivatives Market, Says UBS Banker
June 22nd, 2015
Bitcoin could change derivatives, in particular settlement, trading and securities issuance according to some individuals, among whom are bankers and technologists. Alex Batlin, who has been a vocal supporter of banks adopting Bitcoin related technologies, told attendees of the ...
SNB says progress needed from biggest Swiss banks on capital
June 18th, 2015
The Swiss National Bank (SNB) on Thursday welcomed the improvement made by the country’s biggest banks, UBS and Credit Suisse, to their capital strength in the past year but said further progress was needed. “The SNB recommends that the ...
