Search Results for: U.S. regulator
The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing
July 1st, 2015
Keep an eye on the shadow banking system – it is about to be shaken to the core. According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars. It has ...
Moscow Man to Sue Russian Central Bank for Collapse of the Ruble
July 1st, 2015
A Russian man angry with last year’s sharp ruble devaluation is taking the Central Bank to court over its decision to cease intervening to prop up the Russian currency, news agency RIA Novosti reported Tuesday, citing the press secretary of a Moscow court. “V. A. Simonov has ...
Amazon to offer loans to sellers in China, 7 other countries
June 30th, 2015
Amazon.com Inc will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. Until now, the e-retailer ...
CFTC Issues Proposed Rule on Cross-Border Margin
June 30th, 2015
The U.S. Commodity Futures Trading Commission (Commission) today voted unanimously to propose a rule that would apply the Commission’s margin requirements for uncleared swaps in the context of cross-border transactions (Proposed Rule). The Proposed Rule would apply to Commission-registered ...
Top stories of the day June 25
June 25th, 2015
1. European officials resumed talks on Greece’s bailout on Thursday after a day of negotiations broke up in the early hours without ending the standoff that has brought the country on the cusp of a default. With the Greek ...
J.P. Morgan, SEC in Settlement Talks Over Product Steering
June 25th, 2015
J.P. Morgan, other banks have faced more scrutiny on conflicts policies from OCC J.P. Morgan Chase & Co. is in talks with the Securities and Exchange Commission to settle a probe into whether the bank inappropriately steered private-banking clients to ...
SEC Obtains Asset Freeze Against China-Based Trader for Suspicious Activity Last Week
June 24th, 2015
The Securities and Exchange Commission today obtained an emergency court order to freeze the assets of a trader in China who profited by more than $1 million after trading in a U.S. brokerage account in advance of last week’s ...
Barclays sued by California utility over alleged electric market manipulation
June 24th, 2015
A California water utility filed a class action lawsuit on Tuesday to recoup losses in the electric market that it blames on Barclays Bank Plc , which the U.S. government fined $453 million in 2013 for manipulating electricity prices. ...
FIFA, Iran, HSBC Top To-Do List for Swiss Prosecutor
June 18th, 2015
After winning re-election as Switzerland’s Attorney-General on Wednesday, Michael Lauber went straight back to work. Not that he had much choice with a to-do list that’s getting longer by the day. Swiss authorities last week opened a probe into ...
Banks’ Civil Forex Settlements Near $2 Billion
June 18th, 2015
Barclays, BNP Paribas, Goldman Sachs and HSBC recently signed agreements to settle case The total amount paid by banks to settle a civil lawsuit tied to allegations traders manipulated the currency market has now reached almost $2 billion following ...
