Search Results for: Swiss
ICAP plc – Trading Statement
February 10th, 2015
Positive momentum in new Electronic and Post Trade initiatives Activity on EBS increased significantly as FX market volatility rose sharply Global Broking impacted by a reduction in bank client activity Cost savings programme remains on track ICAP plc (IAP.L), ...
NY financial regulator sends subpoenas in forex probes
February 10th, 2015
New York’s financial regulator has sent subpoenas to Goldman Sachs, Credit Suisse, BNP Paribas and Societe General, expanding its probe into the possible rigging of foreign exchange rates through computer programs, people familiar with the matter said. The state’s ...
UBS’s fourth-quarter 2014 results-Fourth-quarter net profit CHF 1 billion; ordinary dividend doubled
February 10th, 2015
2014 net profit attributable to shareholders up 13% to CHF 3.6 billion; diluted EPS CHF 0.94 Ordinary dividend of CHF 0.50 per share proposed for the financial year 2014 Accrued one-time supplementary dividend of CHF 0.25 per share Fully ...
US scrutiny of Barclays and UBS widens forex trading probe
February 9th, 2015
The US Department of Justice is scrutinising currency-linked investments marketed by Barclays and UBS in an indication that the sprawling global probe into the foreign exchange market may become more troubling for banks. The DoJ is examining whether the ...
Central Banks Move to Drive Down Currencies, Yielding Domino Effect
February 9th, 2015
The central-bank stimulus spree of 2015 has the look of a global currency war. In quick succession, countries representing about a third of the world’s economic output—from the eurozone to China, Australia and Canada—have taken steps that have driven ...
Alpari issued a press release regarding Global Expansion of its Business
February 6th, 2015
Alpari’s chairman of the board of directors, Andrey Dashin has completed a deal to acquire Alpari (UK)’s intellectual property. This, amongst other things, includes the Alpari trade marks and domain names and encompasses more than 60 countries. These countries ...
Danmarks National Bank: Interest Rate Reduction
February 6th, 2015
Effective from 6 February 2015, Danmarks Nationalbank‘s interest rate on certificates of deposit is reduced by 0.25 percentage points to -0.75 per cent. The lending rate, the discount rate and the current account rate remain unchanged at 0.05 per ...
Computer-Driven, Automatic Trading Strategies Score Big
February 6th, 2015
So-Called Quant Traders Take Advantage of Volatility ‘These are the best conditions we’ve seen since 2008,’ says Roy Niederhoffer Recent market volatility caught many investors flat-footed. Among the few winners were traders who let a computer be their guide. ...
Alpari: KPMG fails to find buyer as break up begins with 114 job losses and Andrey Dashin buying up assets
February 6th, 2015
Administrators for collapsed spreadbetter Alpari UK have failed to find a bidder for the firm and have begun to sell off its assets, resulting in the loss of 114 jobs. KPMG had sought to find a buyer for the currency trader, ...
UBS Faces a New Tax-Evasion Probe
February 5th, 2015
Authorities Investigate Whether Swiss Bank’s Clients Used ‘Bearer Securities’ to Hide Cash Federal prosecutors have launched a new probe into whether Swiss bank UBS AG helped Americans evade taxes through investments largely banned in the U.S., according to people familiar with ...
