Search Results for: European law
High-Speed Trading Rules Coming From SEC
June 6th, 2014
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 ...
Fed may shun global risk rules banks spent billions to meet
June 4th, 2014
The Federal Reserve may scrap international measures aimed at assessing bank health in favor of imposing its own rules, frustrating bankers who have spent billions of dollars retooling their books to meet global standards. Fed officials are concerned that ...
Google shows good faith but those wanting to be forgotten must wait
June 2nd, 2014
In announcing its willingness to implement the EU court of justice decision on the “right to be forgotten”, Google is making the best of a bad job. Although the ruling delivered in Luxembourg on 13 May left it with ...
Credit Agricole Said to Accuse EU of Bias in Euribor Case
May 28th, 2014
Credit Agricole SA (ACA), which refused to settle an antitrust probe over Euribor manipulation, accused European Union regulators of bias and said they should step down from the case, according to two people with knowledge of a letter the ...
Levine on Wall Street: Wise Rabbits and Philosophical Regulators
May 28th, 2014
Paul McCulley is back. Pimco’s new chief economist is Paul McCulley, back for his third stint at the firm that he previously left in 1992, returned to in 1999, and left again in 2010. So he knows what the ...
Cyprus Savers Sue ECB, Commission Amid Losses in Rescue Plan
May 27th, 2014
Cyprus bank depositors sued the European Central Bank and the European Commission for putting them in the firing line as part of last year’s rescue package for the crisis-hit Mediterranean nation. The savers filed four lawsuits demanding compensation after ...
Dollar better bid after data, euro hobbled by rate cut view
May 23rd, 2014
The dollar hovered at one-week highs against the yen and held its ground on the euro early on Friday, having drifted up broadly after promising U.S. housing and factory activity data gave Treasury yields a bit of a lift. ...
Deutsche Bank boosts finances with new capital
May 19th, 2014
Deutsche Bank AG says raising 8 billion euros ($11 billion) in new capital from investors will strengthen its finances as it faces tighter regulation and uncertain costs from litigation. Co-CEO Anshu Jain told analysts Monday that the fresh capital ...
What the Kenya Railroad Says About China’s Approach to Africa
May 14th, 2014
When China’s Prime Minister Li Keqiang announced a deal with Kenya to establish a new railroad, whose first stage will link the port city of Mombasa to the capital, Nairobi, he framed the arrangement in terms familiar to Sino-African ...
Euro Drops From 2 1/2-Year High as Draghi Hints at June Action
May 8th, 2014
The euro weakened from a 2 1/2-year high against the dollar as European Central Bank President Mario Draghi said policy makers were comfortable with taking additional policy action in June if needed. The common currency dropped versus all except ...
