Search Results for: UBS
Greece debt crisis: Tension rises ahead of vote on third bailout
August 13th, 2015
Faced with opposition to a new Greek bailout at home and abroad, Greek Prime Minister Alexis Tsipras on Wednesday expressed confidence that the deal would gain approval in what promises to be a tough vote in Greece’s Parliament in ...
The Aftermath of LIBOR and Penny-Shaving Attacks
August 12th, 2015
Anyone remember the LIBOR scandal from back in spring 2008? A trader for UBS Group and Citigroup named Tom Hayes was just sentenced by a British court to 14 years imprisonment for his role as a ringleader of the scandal. Darrell Duffie and Jeremy C. ...
Ready for Google’s Alphabet?
August 12th, 2015
In a move that shook the tech world, Google announced Monday that it will undergo restructuring so that it becomes a subsidiary of a new parent company called Alphabet, Inc. Co-founders Larry Page and Sergey Brin will be head of Alphabet, while ...
Credit Suisse, Barclays in Talks to Settle ‘Dark Pool’ Allegations
August 12th, 2015
U.S. regulators could levy large fines over alleged wrongdoings Credit Suisse Group AG and Barclays PLC, two of the biggest operators of “dark pools,” have entered settlement negotiations with the New York attorney general and the Securities and Exchange Commission over allegations of ...
China About To Make History — Again
August 10th, 2015
Any discussion of China has to open with the now-widely-understood fact that the numbers it reports are not to be trusted. Knowing this makes it easy to dismiss claims of high and consistently-on-target GDP growth, for instance, as a ...
The Saudi Oil Price War Is Backfiring
August 10th, 2015
Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces ...
China Calls On Brokers to Help Stabilize Market
August 10th, 2015
Regulator warns margin trading must be kept in line with the capital strength, risk-management capabilities of firms China’s securities regulator said Friday that it has called on the nation’s securities brokers and fund managers to help stabilize the stock ...
Suez Canal Upgrade May Not Ease Egypt’s Economic Journey
August 7th, 2015
“Egypt Rejoices,” the television networks and newspapers declared, announcing “Egypt’s gift to the world.” Businesses were closed, the streets of Cairo were empty, and the airwaves were full of patriotic songs and music videos — all featuring adoring images of ...
FXCM Inc. Announces Second Quarter 2015 Results
August 7th, 2015
Second Quarter 2015 Highlights: U.S. GAAP revenues from continuing operations of $60.5 million U.S. GAAP net loss attributable to FXCM Inc. from continuing operations of $98.9 million or $2.03 per fully diluted share U.S. GAAP revenues from discontinued operations of $21.5 million U.S. GAAP net income attributable ...
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion
August 6th, 2015
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy in order to meet the 2% inflation target and in a way that helps to sustain growth and employment. At its meeting ending on 5 August 2015, the MPC ...
