AFD founder: ‘Schäuble’s Greece policy is pure marketing’
July 30th, 2015
German Finance Minister Wolfgang Schäuble’s latest plans for a euro tax have solidified the prospect of a transfer union, says Eurosceptic Bernd Lucke in an interview with EurActiv Germany. The founder of the Eurosceptic Alternative for Germany (AfD) party, argues that ...
Gold tumbles to more than five-year low, China shares fall
July 20th, 2015
Gold tumbled to a more than five-year low Monday, and China shares drifted lower after authorities’ weekend move to tighten the use of informal lending channels by stock investors. Gold GCQ5, -2.31% fell 2.3% from its opening price Monday ...
European Court of Justice Official Proposes Bitcoin VAT Exemption
July 17th, 2015
Bitcoin operations should be exempt from Value Added Tax (VAT), the Advocate General of the European Court of Justice said in an opinion document published today. Citing existing exemptions for currency and money transactions in Europe’s VAT Directive, Attorney ...
SEC: OZ Management LP Admits Providing Inaccurate Data, Impacting Brokers’ Records and “Blue Sheets”
July 15th, 2015
The Securities and Exchange Commission today charged OZ Management LP with providing inaccurate trade data to four prime brokers, causing inaccuracies in the brokers’ books and records and in data provided to the SEC in investigations. OZ Management, an ...
US stocks seen higher on Greek agreement
July 13th, 2015
U.S. stock markets were tipped to open higher on Monday following news that Greece and its international creditors have reached a bailout agreement. European Council President Donald Tusk said early on Monday that euro zone leaders reached an unanimous ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
Barclays sued by California utility over alleged electric market manipulation
June 24th, 2015
A California water utility filed a class action lawsuit on Tuesday to recoup losses in the electric market that it blames on Barclays Bank Plc , which the U.S. government fined $453 million in 2013 for manipulating electricity prices. ...
China Shares Fall as Startup Shares Get Pricey
June 16th, 2015
Stocks in Asia mostly fell Tuesday, with China leading the decline, as investors there sell shares in highflying startup stocks that have gotten expensive. The Shanghai Composite Index was down 0.9% at 5019.42 following a 2% drop Monday, while ...
SEC Charges Deutsche Bank With Misstating Financial Reports During Financial Crisis
May 27th, 2015
The Securities and Exchange Commission today charged Deutsche Bank AG with filing misstated financial reports during the height of the financial crisis that failed to take into account a material risk for potential losses estimated to be in the ...
Barclays to Pay $400 Million Penalty to Settle CFTC Charges
May 21st, 2015
CFTC Also Took Action Today Against Barclays and its Affiliates for Attempted Manipulation and False Reporting of the ISDAFIX Benchmark, an Interest Rate Benchmark — the First Enforcement Action Addressing Abuse of ISDAFIX Barclays Has Now Been Subject to ...
