Search Results for: UBS
Oil Market Showdown: Can Russia Outlast The Saudis?
October 19th, 2015
“Two men enter, one man leaves, two men enter, one man leaves, two men enter…” Oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on ...
Silver as money
October 16th, 2015
Gold is money, admittedly not often circulating as such today. Fiat currencies issued by governments have driven gold out of circulation. But where does this leave silver? Money-substitutes, bank notes and bank deposits, were originally backed by physical silver, ...
London Stock Exchange Group Launches New Derivatives Venture – Curveglobal
October 16th, 2015
New venture launched with a number of major dealer banks and the Chicago Board Options Exchange Short Term and Long Term Interest Rate Futures to be offered in first phase Products to be traded on London Stock Exchange Derivatives ...
CySec announced an administrative fine to CLR Overseas Ltd
October 16th, 2015
The Cyprus Securities and Exchange Commission ( CySEC ) has notified the public that at the meeting held on February 16th, 2015, decided to impose an administrative fine of €10.000 to CLR Overseas Ltd for the violation of section ...
The Common Reporting Standard: Automatic Information Exchange Goes Global
October 16th, 2015
Automatic exchange of information for tax law enforcement purposes started first in Europe with the EU Savings Tax Directive, went international with the US Foreign Accounts Tax Compliance Act, and, from 2017, will go global with the recently-agreed Common ...
Deutsche Börse completes acquisition of trading platform for OTC instruments 360T
October 16th, 2015
Kengeter: “Acquisition is a strategic fit as it broadens Deutsche Börse’s asset class spectrum”/ Significant synergies, cross-selling and innovative product development planned Today Deutsche Börse completed the acquisition of 360T, following the approval of relevant antitrust authorities and the ...
Hedge Fund Borrows $10M in Stock Via the Bitcoin Blockchain
October 15th, 2015
Yesterday morning, New York time, a company called Clique Fund used the bitcoin blockchain to borrow $10 million in stock. Bitcoin is the world’s most popular digital currency, and the blockchain is the vast online ledger that underpins bitcoin, tabulating ...
$580 million for the acquisition of Independent Broker-Dealer
October 15th, 2015
HD Vest Announces Agreement to be Acquired by Blucora, Inc. Leading Independent Broker-Dealer Enters Next Phase of Evolution as Stand-Alone Firm within FastGrowing, Publicly Traded Holding Company Focused on Technology-Enabled Financial Services Blucora, Inc. announced that it has signed a definitive ...
BofA Profit Rebounds to $4.51 Billion as Revenue Beats Estimates
October 14th, 2015
Revenue declines 2.4 percent while expenses fall 31 percent Bond-trading revenue slides 11 percent, equities up 12 percent Bank of America Corp., the second-biggest U.S. lender, posted third-quarter profit of $4.51 billion as litigation expenses tumbled and loan growth ...
Six people arrested in BoB forex fraud case
October 14th, 2015
Bank’s branch head, forex ops chief among those held Six persons, including Bank of Baroda’s branch head at Ashok Vihar, New Delhi, and an HDFC Bank employee, were arrested on Tuesday in connection with trade-based mechanism to launder money ...
