Search Results for: Shares
Citigroup’s Sale of OneMain to Springleaf Hits Antitrust Obstacle
August 7th, 2015
Springleaf agreed in March to buy OneMain from Citigroup U.S. antitrust authorities have thrown a wrench into Citigroup Inc.’s plan to divest its subprime lending unit. Five months ago, Citigroup said it would sell the business, known as OneMain Financial, to Springleaf ...
This Precious Metal Needs a Silver Bullet
August 6th, 2015
In the past 12 months alone, the benchmark silver-futures contract has declined 27% Once prized as a precious metal that could be put to practical use, silver is now getting the worst of both worlds. Like gold, silver has ...
Gulf markets edge up on Q2 results, firmer oil
August 6th, 2015
Most Gulf stock markets edged up early on Wednesday as Brent oil climbed back above $50 per barrel and shares in DAMAC soared after the Dubai developer reported a more than tripling in its quarterly profit. Dubai’s stock index ...
Tsipras sees talks in final stretch; Banks index sheds 63.8 pct in three days
August 6th, 2015
Greek stocks continued to slide for a third session in a row on Wednesday, with banks suffering another dramatic day with losses of 27 percent for their sectoral index. Banks’ cumulative losses since the reopening of the local bourse ...
FINRA USA Fines Aegis Capital Corp. $950,000
August 5th, 2015
Two Chief Compliance Officers Fined and Suspended Aegis CEO Fined and Suspended for Failure to Report Liens The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Aegis Capital Corp. $950,000 for improperly selling unregistered penny stocks ...
Greek Bank Stocks Are Getting Crushed for the Third Straight Day
August 5th, 2015
Greek banks extended a rout that has wiped out more than half their value this week, sending the nation’s stocks lower for a third day. Piraeus Bank SA and Alpha Bank AE plunged at least 29 percent, while Eurobank ...
Share trading accounts at some Australia’s largest brokers have been hacked
August 5th, 2015
Russian hackers have been detected trying to rip cash from online share trading accounts at some of Australia’s biggest brokers, including Morgan Stanley and Commsec. A joint operation by the corporate watchdog ASIC and the Australian Federal Police, dubbed ...
Crédit Agricole in ‘Advanced’ Talks on U.S. Sanctions Settlement
August 5th, 2015
Crédit Agricole, one of the biggest banks in France, said on Tuesday that its profit increased in the second quarter and that it was in “very advanced stage” talks to settle investigations into whether it processed payments for countries ...
JPMorgan, Simpson Sued Over Mistake in GM Loan: Business of Law
August 4th, 2015
It was only a matter of time. One of the participants in a $1.5 billion term loan that JPMorgan Chase & Co. made to General Motors Corp. before its bankruptcy is now suing the bank and its lawyers at ...
Are you brave enough to profit from a collapse in gold?
August 4th, 2015
If you are, put your money where your mouth is and buy put options OK, gold haters. It’s time to put your money where your mouth is. You think gold could be going down to $350 an ounce? That’s great. ...
