Search Results for: RBI
Cetera closing J.P. Turner, offering some brokers jobs at Summit
July 31st, 2015
CEO Larry Roth claims move is not part of any widespread consolidation Cetera Financial Group is closing down one of its broker-dealers, J.P. Turner & Co., and inviting select advisers to join another of its firms. Over the past ...
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 ...
Morgan Stanley to pay more than $2.3 million to a group of investors for losses
July 29th, 2015
Firm accused of unauthorized trading and other misdeeds by brokers in Jackson, Miss.-area branch An arbitration panel ordered Morgan Stanley to pay more than $2.3 million to a group of investors for losses tied to alleged unauthorized trading and other misdeeds ...
Foreign lawyers working in China could be at risk of arrest
July 29th, 2015
Australian commercial law firms operating in China should be seriously concerned about the recent crackdown on human rights lawyers, a professor of Chinese law says. Professor Bing Ling from the University of Sydney told Lawyers Weekly that all lawyers working in China ...
European Banks Face Capital Hit From Second-Quarter Bond Selloff
July 23rd, 2015
The bond market selloff in the second quarter probably dented the capital defenses of many European banks, with lenders in Italy and Spain hit hardest. The extent of the damage will be disclosed when banks report earnings starting this ...
Gold rebounds from five-year low
July 22nd, 2015
Despite uptick, more losses are expected as people no longer see gold as safe haven Gold bounced back from a five-year low on Tuesday, advancing for the first time in seven sessions amid declines in the dollar and speculation ...
Greece and the Problem of Correcting Trade/Productivity Imbalances
July 17th, 2015
Piling on more debt is the worst possible way to correct structural trade and productivity imbalances. In Greece and the End of the Euroland Fantasy, I suggested the trade imbalances at the heart of Greece’s debt crisis could only ...
Why Germany refuses to write off Greece’s debts
July 16th, 2015
The International Monetary Fund says Greece’s debts are too big to pay and need to be partly forgiven. Germany says that’s out of the question. German officials, led by Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble, say that ...
Russian President Vladimir Putin Addresses Digital Currency
July 15th, 2015
Russian President Vladimir Putin has issued his first remarks on bitcoin and digital currencies in an educational forum broadcast on domestic TV network Russia 24. Local news sources including Gazeta, state-operated news agency RIA and TASS are reporting Putin ...
Greece Holds Out, Wins Even Worse Deal
July 14th, 2015
The hostile takeover is almost complete. On Sunday Greece agreed not just to Germany’s original demands, but to even more: “(Bloomberg) – The conditions that Tsipras swallowed comprised a laundry list of unfinished business from Greece’s two previous bailouts ...
