Search Results for: Financial Conduct Authority
FCA publishes terms of reference for its investment and corporate banking market study
May 22nd, 2015
The Financial Conduct Authority (FCA) has set out the issues it will focus on as part of its market study into competition in investment and corporate banking. These markets are a cornerstone of the UK economy, helping companies raise ...
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 ...
Legal troubles continue to brew despite FX settlement
May 21st, 2015
European Banks embroiled in the FX rigging scandal saw their shares rise yesterday after regulatory fines came in lower than unexpected, despite further legal woes looming on the horizon in UK courts. FTSE-listed Barclays rose 3.37 per cent and RBS increased 1.78 per ...
FCA fines Barclays £284,432,000 for forex failings
May 20th, 2015
The Financial Conduct Authority (FCA) has imposed a financial penalty of £284,432,000 on Barclays Bank Plc (Barclays) for failing to control business practices in its foreign exchange (FX) business in London. This is the largest financial penalty ever imposed ...
Six Banks Pay $5.8 Billion, Five Plead Guilty to Market Rigging
May 20th, 2015
Six of the world’s biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of enforcement actions. Citicorp, ...
Plus500 says accounts may unlock today after temporary ban sent share price plunging
May 20th, 2015
ODEY Asset Management has lifted its stake in beleaguered spread-betting firm Plus500 to 14 per cent, as the forex trading website says it will begin to unlock frozen UK accounts as early as today. The Israel-based tech firm was ...
Barclays to settle £2bn forex case
May 18th, 2015
BARCLAYS Bank is closing in on a major £2bn settlement with regulators around the world, drawing to a close its role in the deeply damaging foreign exchange markets rigging scandal. The bank, whose chief executive is Antony Jenkins, is attempting ...
U.S. contacts UK FX trader over Bank of England meeting – source
May 14th, 2015
London The U.S Department of Justice has requested an interview with a senior London-based currency trader who attended a meeting with Bank of England officials three years ago that ultimately became pivotal to a global investigation into allegations of ...
AETOS has its FCA license with variation of permission to hold the clients’ money
May 13th, 2015
Having been licensed and regulated by the FCA (the Financial Conduct Authority, with registration number 592778) in the UK for 2 years, AETOS has its FCA license with variation of permission (VOP) to hold clients’ money based on its ...
FCA warning against clone firm
May 12th, 2015
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: Fraudsters are using or giving out the following details as part of their tactics to scam people: Clone firm details Corporate ...
