Search Results for: First Data
HSBC executive pleads not guilty to US charges in forex-related scheme
August 30th, 2016
A senior HSBC executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank’s clients. The plea on wire fraud and conspiracy charges by Mark ...
Cyber threat grows for bitcoin exchanges
August 29th, 2016
When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cyber theft — the second largest by an exchange since hackers took ...
Which are the alternative investments that going mainstream?
August 29th, 2016
Alternative investments such as fine wines, classic cars and jewels are going mainstream, as investors grapple with ultra-low interest rates and volatile stocks. Spooked by the end of a 30-year bond bull run and bouts of money printing which ...
Oil Resumes Drop Near $47 Amid Market Stabilization Deal Doubts
August 29th, 2016
Stability should be achieved soon for oil market: Al Mazrouei Rising Iranian output dims prospects of action: Dana Gas CEO Oil declined amid doubts producers will agree on a deal to stabilize the market when suppliers meet next month ...
SEC fined 13 Investment Advisory Firms
August 26th, 2016
The Securities and Exchange Commission today announced penalties against 13 investment advisory firms found to have violated securities laws by spreading the false claims made by an investment management firm about its flagship product. An SEC enforcement sweep of ...
Asian stocks drop as investors avoid risk before Yellen speech
August 26th, 2016
Asian stocks extended their weekly loss on Friday (Aug 26) ahead of a speech by Federal Reserve Chair Janet Yellen later in the day that may shed light on the US interest-rate outlook. The yen meandered after Japanese consumer ...
The Giant of Tokyo’s Stock Market Reveals Its Investment Secrets
August 25th, 2016
Japan pension fund is top owner of MUFG, Honda, many more First unveiling of equity holdings spurs debate on strategy Companies across Japan have a new name in their top 10 shareholder lists: the world’s largest pension fund. The ...
Emerging-Market Assets Rally on Yield Hunt Before Yellen Speech
August 25th, 2016
‘The market is back to the search for yield,’ CBA’s Ji says Emerging-market currency volatility touches eight-week high Emerging-market currencies and stocks rose as investors sought out higher-yielding assets before a speech by Federal Reserve Chair Janet Yellen which ...
Former Swiss banker ‘Whistleblower’ has been sentenced to a 14-month suspended jail
August 24th, 2016
Former Swiss banker Rudolf Elmer has been sentenced to a 14-month suspended jail term after being found guilty of forgery and making threats in a long-running legal battle involving his former employer Julius Bär. However, the Zurich court on Tuesday ...
The World’s Top Performing Hedge Fund Is Shorting Big Dividends
August 24th, 2016
Oslo Asset Management’s AAM Absolute Return grew 58.5% in 2015 Companies paying dividends rewarded with generous valuations The world’s top performing hedge fund is shorting companies that are juicing their valuations by promising investors big dividends. AAM Absolute Return ...
