Search Results for: Fed
Crédit Agricole in ‘Advanced’ Talks on U.S. Sanctions Settlement
August 5th, 2015
Crédit Agricole, one of the biggest banks in France, said on Tuesday that its profit increased in the second quarter and that it was in “very advanced stage” talks to settle investigations into whether it processed payments for countries ...
ASIC releases enforcement report for the first half of 2015
August 5th, 2015
ASIC today released its enforcement report for the period 1 January 2015 to 30 June 2015 In the last six months, ASIC achieved 323 enforcement outcomes to protect financial consumers and enhance the fairness and efficiency of Australia’s financial ...
Brent rises above $50 ahead of U.S. oil stocks data
August 5th, 2015
Benchmark Brent crude oil prices rose above a key support level of $50 on Wednesday, recovering from multi-month lows, as investors await U.S. oil inventories data to gauge supply. Oil markets paused for a breather after prices tumbled about ...
Asian Shares Gain After Rosy China Data
August 5th, 2015
IMF says China likely needs more market liberalization before labeling yuan a reserve currency Asian shares pared earlier losses to trade higher Wednesday after a gauge of China’s service sector reached an 11-month high, outweighing concerns that a rise ...
Here Comes The Next Trillion-Dollar Bailout
August 4th, 2015
As boxers like to say, it’s the punch you don’t see that knocks you out. In a world where a growing part of the financial system is hidden from view and excluded from official statistics, those are words to ...
JPMorgan, Simpson Sued Over Mistake in GM Loan: Business of Law
August 4th, 2015
It was only a matter of time. One of the participants in a $1.5 billion term loan that JPMorgan Chase & Co. made to General Motors Corp. before its bankruptcy is now suing the bank and its lawyers at ...
Are you brave enough to profit from a collapse in gold?
August 4th, 2015
If you are, put your money where your mouth is and buy put options OK, gold haters. It’s time to put your money where your mouth is. You think gold could be going down to $350 an ounce? That’s great. ...
Goldman tentatively agrees to pay $270 million to settle lawsuit by investors
August 4th, 2015
Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter. Pension funds led by NECA-IBEW Health & Welfare Fund of Illinois accused the ...
Deutsche Bank Said to Be Probed by DOJ on Russia Mirror T
August 4th, 2015
U.S. federal prosecutors are investigating billions of dollars of trades Deutsche Bank AG made on behalf of Russian clients as recently as this year, according to people with knowledge of the situation. The Justice Department’s criminal probe, which hasn’t ...
CFTC charges individual and two corporations for Forex fraud scheme
August 4th, 2015
The U.S. Commodity Futures Trading Commission (CFTC) today announced the unsealing of a civil enforcement action filed in the U.S. District Court for the Middle District of Alabama, charging Husam Tayeh of Oak Lawn, Illinois; Dinar Corp., Inc. (DCI), a Nevada corporation; and My ...
