Search Results for: SIX
The Libor trials: Where we are now
April 12th, 2017
Barclays sent shockwaves through the City when, in July 2012, it was fined nearly £300m by British and US regulators for its role in the Libor-rigging scandal. Days later, then chief executive Bob Diamond handed in his notice. The ...
Luxleaks whistleblower to contest appeal sentence
April 12th, 2017
The man who revealed the Luxleaks scandal, Antoine Deltour, has said he will contest the sentence handed to him last month at the Court of Appeal in Luxembourg. “I don’t think this decision is characteristic of a fair decision ...
Japan Stocks Tumble, Yen Gains Amid Risk Aversion: Markets Wrap
April 12th, 2017
Gold remains at year’s high as geopolitical concerns linger Treasuries extend gains, oil climbs for seventh session Japanese shares tumbled after the yen jumped to the highest since November as investors avoided riskier assets amid lingering geopolitical concerns. Treasuries ...
Oil rises on potential Saudi Arabian output cut extension
April 12th, 2017
Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first ...
Bitcoin Price Can Reach $500,000 by 2030, Says Snapchat’s First Investor
April 11th, 2017
Bitcoin has been leading the list of cryptocurrencies in six of the past seven years, climbing from zero to a value of about $1,180. However, the potential of Bitcoin is much higher. Jeremy Liew, the first investor in Snapchat, ...
27 Firms and Individuals Charged With Fraudulent Promotion of Stocks
April 11th, 2017
SEC: Payments for Bullish Articles on Stocks Must Be Disclosed to Investors The Securities and Exchange Commission today announced enforcement actions against 27 individuals and entities behind various alleged stock promotion schemes that left investors with the impression they ...
International law firm promotes 21 lawyers to partnership
April 11th, 2017
Leading international law firm Herbert Smith Freehills announced today the promotion of 21 lawyers to its global partnership. The promotions take effect on 1 May, 2017. Demonstrating the firm’s commitment to investing in its global network of offices and ...
Oil hits five-week top on geopolitical tensions, strong demand
April 11th, 2017
Crude oil climbed to a five-week high on Tuesday, with prices underpinned by tensions following a U.S. missile strike on Syria and a shutdown at Libya’s largest oilfield. Additional support also came from expectations of strong demand as the ...
Asia Stocks Slump as China Shares Drop, Yen Gains: Markets Wrap
April 11th, 2017
Treasury yields fall on geopolitical concerns, Yellen comments Crude futures steady after longest winning streak of the year Asian stocks fell as Chinese shares slumped and the yen weighed on Japanese equities. Treasuries climbed amid increasing caution about geopolitical ...
Two former Barclays employees acquitted in Libor trial
April 7th, 2017
The Serious Fraud Office (SFO) has issued a press release to inform in relation to the last decision coming from the Southwark Crown Court in Libor trial. According the release: Stylianos Contogoulas and Ryan Michael Reich were acquitted by ...
