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Bank of England launches cyber crime unit

June 10th, 2014 (0)
The Bank of England (BoE), ahs announced that it has launched a new framework to help identify areas where the financial sector could be vulnerable to sophisticated cyber-attack. This is part of the Bank of England’s response to the ...

NYSE Among Exchanges Sued Over High-Frequency Trading

June 10th, 2014 (0)
The New York Stock Exchange was one of at least seven exchanges sued by an Alabama man who claims they cheated subscribers by selling preferred access to market data to some of their customers. Harold Lanier said in a ...

Will Russia’s friendship with China work?

June 6th, 2014 (0)
When Russian President Vladimir Putin and his Chinese counterpart Xi Jinping signed a huge gas deal last month, the timing couldn’t have been better. It was on the eve of the Putin’s St Petersburg Forum, and just weeks after ...

Facebook Approves Dogecoin Tipping App

June 6th, 2014 (0)
Facebook has approved a cryptocurrency tipping app for the first time, and it’s surprisingly not Bitcoin’s. On June 5, 2014, Alejandro Caballero, developer of The Doge Tipping App posted an excited announcement on Reddit’s Dogecoin section. Facebook approves The ...

EU to Decide Next Week on Irish, Dutch Tax-Breaks Probe

June 6th, 2014 (0)
The European Union may open a formal probe as soon as next week into tax breaks that Ireland and the Netherlands use to attract international companies, according to people familiar with the case. The European Commission is scheduled to ...

Wall Street Fights for Our Right to Pay 5% Fund Fees

June 6th, 2014 (0)
One of Wall Street’s chief lobbyists wants you to know that the financial industry has changed, a lot, since the financial crisis. The industry “has already fundamentally reshaped itself into one that is safer, sounder and more resilient,” Ken ...

High-Speed Trading Rules Coming From SEC

June 6th, 2014 (0)
U.S. Securities and Exchange Commission Chair Mary Jo White unveiled the regulator’s most sweeping plan yet for reining in high-frequency trading and monitoring dark pools and other secretive trading practices in the world’s largest equity market. Proprietary traders who ...

Barclays Fine Spurs New U.K. Scrutiny of Derivatives Conflicts

June 6th, 2014 (0)
Britain’s markets regulator plans to scrutinize the conflicts of interest banks face when they use derivatives after fining Barclays Plc (BARC) for manipulating the price of gold to avoid a pay-out to a client. The Financial Conduct Authority will ...

Russia-China Gas Pact Stirs Dream of Bridge Across Amur

June 6th, 2014 (0)
In winter, Russian shoppers drive cars across the frozen Amur River to buy knock-off Nike sneakers from Wu Haiou’s stall in the Chinese city of Heihe. In warmer months, they come by hovercraft and ferry. Russia’s $400 billion deal ...

CySec: imposition of administrative fines to Cyprus Popular Bank Co Ltd and Bank of Cyprus

June 6th, 2014 (0)
CySec announcement dated 05 June 2014 The Cyprus Securities and Exchange Commission (CySec) informs the investors that, at its meeting held on 28 April 2014 , has completed its investigation regarding the investment in Greek Government Bonds from Cyprus ...
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