Search Results for: LSE
U.S. banks moved billions in trades beyond CFTC’s reach
August 24th, 2015
This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished. “We saw strange things in the data,” said Chris ...
Arabian Gulf markets lose $58 billion as weak oil and global equity rout spark sell-off
August 24th, 2015
Billions of dirhams were wiped off the value of Dubai shares yesterday, as stock markets across the Arabian Gulf lost US$58 billion on a day of calamitous trading. The sharp sell-offs came in the wake of sliding oil prices ...
Investors launch legal battle over alleged £50m fund fraud run by Capital World Markets
August 20th, 2015
Victims of an alleged £50 million fund fraud have taken legal action in a bid to get their money back, according to The Times. The class action sheds light on money flows from the CWM fund, which promised investors ...
The Technology Behind Bitcoin Could Replace Lawyers, Too
August 20th, 2015
Smart contracts promise to relieve businesses of the costs and lag-time of corporate legal work. This software-based change could affect services firms everywhere. Everyone has heard the hype about Bitcoin, but the real promise of the technology behind cryptocurrencies ...
FCA warns against clone and unauthorised firms
August 19th, 2015
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert investors and public that: Fraudsters are using or giving out the following details as part of their tactics to scam people: Clone firm details: ...
SEC Charges BNY Mellon With Foreign Corrupt Practices Act Violations
August 19th, 2015
The Securities and Exchange Commission announced that BNY Mellon has agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) by providing valuable student internships to family members of foreign government officials ...
Optimal Payments complete the acquisition of Skrill
August 18th, 2015
Optimal Payments Plc (LSE AIM: OPAY) has issued a press release to inform that has completed the acquisition of Skrill. The Skrill Group is one of Europe’s leading digital payments businesses providing digital wallet solutions and online payment processing ...
Citigroup Affiliates to Pay $180 Million to Settle Hedge Fund Fraud Charges
August 18th, 2015
The Securities and Exchange Commission announced that two Citigroup affiliates have agreed to pay nearly $180 million to settle charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond ...
Asian Shares Flat; Yuan-Related Turmoil Fades
August 18th, 2015
China property data continues to be rare bright spot Asian markets were roughly flat Tuesday as turmoil from a weaker yuan dissipated and China’s property market showed signs of recovery. In China, housing continues to be a rare bright ...
Can You Imagine The Fed Raising Rates In This World? Currency Crisis Edition
August 13th, 2015
A month ago China’s stock bubble was bursting and Greece was imploding. Yet the US Fed, in a violation of both headline sentiment and common sense, was still promising to raise interest rates come September. Fast forward to this ...
