Search Results for: Fed
Trump faces lawsuit for violating Constitution two days after taking oath
January 23rd, 2017
An all-star team of lawyers, including two leading experts on presidential ethics and two of the most prominent constitutional scholars in the nation, will file a lawsuit on Monday challenging President Trump’s ongoing violation of an anti-corruption provision in ...
Gold – a primer for 2017
January 22nd, 2017
You know when to buy gold: it’s when nearly every trader and commentator tells you that gold is going lower and you should sell it. This is Harry Dent on 10th January: “I still see gold landing somewhere between ...
China’s economy grows 6.7% in 2016
January 20th, 2017
China’s economy grew by 6.7 per cent in 2016, compared with 6.9 per cent a year earlier, according to official data, marking its slowest growth since 1990. The figure is in line with Beijing’s growth target of between 6.5 ...
KCG adds four new independent directors to Board
January 20th, 2017
KCG Holdings, Inc. (NYSE: KCG) announced today that its Board of Directors has appointed Peter Fisher, Colin Smith, Heather Tookes and Adrian Weller as Directors, effective immediately. KCG also announced that Rene M. Kern and John C. (Hans) Morris ...
Western Union agreed to pay $586m for Anti-Money Laundering Violations
January 20th, 2017
Western Union Admits Anti-Money Laundering and Consumer Fraud Violations, Forfeits $586 Million in Settlement with Justice Department and Federal Trade Commission Company also Agrees to Implement Anti-Fraud Program and Enhanced Compliance Obligations in Agreements with Federal Authorities The Western ...
CFTC Orders Citigroup Global Markets to Pay $25 Million
January 20th, 2017
CFTC Orders Citigroup Global Markets Inc. to Pay $25 Million for Spoofing in U.S. Treasury Futures Markets and for Related Supervision Failures Five Traders at Citigroup Global Markets Inc. Placed More Than 2,500 Orders with the Intent to Cancel ...
Dollar Drops on Yellen Comments, China Shares Rise: Markets Wrap
January 20th, 2017
Shanghai equities advance as GDP growth tops forecasts Gold heads for fourth weekly gain before Trump inauguration The dollar weakened after Janet Yellen said it’s prudent for the Federal Reserve to gradually adjust policy over time, while Chinese equities extended ...
Asian shares down, dollar jumps on Yellen’s rate hike signal
January 19th, 2017
Asian shares slipped on Thursday and the dollar rebounded after Federal Reserve Chair Janet Yellen signaled that the U.S. central bank is poised to pursue a path of interest rate hikes. The dollar had been grinding lower in recent ...
Deutsche Bank Agrees to Pay $7.2 Billion
January 18th, 2017
Deutsche Bank Agrees to Pay $7.2 Billion for Misleading Investors in its Sale of Residential Mortgage-Backed Securities Deutsche Bank’s Conduct Contributed to the 2008 Financial Crisis The Justice Department, along with federal partners, announced today a $7.2 billion settlement ...
Gold Falls With Yen as Haven-Asset Flight Eases: Markets Wrap
January 18th, 2017
Asian emerging-market currencies rise on dollar weakness Yen retreats as the currency ends seven days of strength The flight to haven assets eased following the biggest drop in the dollar since July with moves in the yen, Treasuries and ...
