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FSMA: Warning against European Commodities Commission (ECC)

March 16th, 2015 (0)
The Financial Services and Markets Authority (FSMA) warns the public against the activities of the European Commodities Commission (ECC). According to the information available to the FSMA, the European Commodities Commission presents itself as a supervisory authority in Belgium ...

FCA confirms approach for financial promotions in social media

March 16th, 2015 (0)
The Financial Conduct Authority (FCA) has today published its guidance on financial promotions in social media. This follows detailed engagement and consultation with the industry. The FCA recognises that social media are powerful channels of communication which are of ...

Swiss bank UBS settles currency-rigging claims for $135M

March 16th, 2015 (0)
Switzerland‘s largest bank, UBS, has agreed to pay $135 million to settle claims that it helped rig currency-exchange rates in a scheme involving some of the world’s biggest banks. The settlement announced Friday by the lead law firm in ...

Asian stock markets drift as investors await Fed meeting

March 16th, 2015 (0)
Most Asian stock markets drifted Monday as investors hunkered down ahead of a Federal Reserve meeting this week that may set the stage for the first U.S. interest rate hike since the global financial crisis. KEEPING SCORE: Japan’s benchmark ...

GFG Market Insight – Will Gold Go Below $1,000?

March 13th, 2015 (0)
In Brief: Gold’s charts suggest this precious metal may decline below $1,100 per ounce in the near-term. If this proves true and gold’s buyers fail to step up and support gold at those levels, gold appears poised to drop quickly below ...

EU told to apologise to Credit Agricole over market rigging probe

March 13th, 2015 (0)
The European Commission has been ordered to apologise to French banking giant Credit Agricole for implying its guilt in the long-running investigation into financial market rigging before the probe had been completed. A report published on Thursday (13 March) ...

Tsipras says Greece doing its part in euro zone deal

March 13th, 2015 (0)
 Greece‘s problems are euro zone’s problems and the single currency area should send Greece a message of solidarity as Athens stands ready to deliver on promises to reform in exchange for more loans, Greek Prime Minister Alexis Tsipras said. “Greece has already ...

ASIC facilitates foreign financial service providers applying for exemptions

March 13th, 2015 (0)
ASIC is clarifying the documentation foreign financial services providers should provide to it when applying for class order exemptions to conduct business in Australia to facilitate an easier application process. In a written statement to key advisers to foreign ...

RBS Trader Admits Defrauding Customers in Multimillion Dollar Securities Fraud Scheme

March 12th, 2015 (0)
U.S. Attorney Deirdre M. Daly of the District of Connecticut, Special Inspector General Christy Romero for the Troubled Asset Relief Program (SIGTARP) and Special Agent in Charge Patricia M. Ferrick of the FBI’s New Haven Division announced that Matthew ...

Spain’s Banco Sabadell in Talks to Buy Britain’s TSB Group

March 12th, 2015 (0)
Spain’s Banco de Sabadell SA is in talks to buy British consumer lender TSB Banking Group Plc for 1.7 billion pounds ($2.5 billion), to expand outside an economy battered during Europe’s financial crisis. Sabadell, Spain’s fifth-biggest bank, is proposing ...
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