Search Results for: UBS AG
FINRA Sanctions 10 Former Global Arena Representatives
September 16th, 2015
The Financial Industry Regulatory Authority (FINRA) announced that as a result of a 2014 onsite exam, it found securities violations including various misleading sales pitches, customer account churning and other business misconduct at Global Arena Capital Corp. It has ...
Deloitte is fined over audit failure
September 15th, 2015
First major finding against a ‘Big 4’ firm by watchdog, writes Gavin McLoughlin Accountancy giant Deloitte has been hit with a “severe reprimand” and a €41,000 penalty by the Chartered Accountants Regulatory Board (CARB). It is the first major ...
Credit Suisse Reaches Tentative $85 Million Settlement on ‘Dark Pool’ Probe
September 15th, 2015
Bank to pay $30 million to New York, $55 million to federal authorities Credit Suisse Group AG, one of the biggest operators of a “dark pool,” reached a tentative agreement to pay around $85 million to New York and federal ...
FXCM Completes Sale of FXCM Hong Kong to Rakuten Sec
September 15th, 2015
FXCM to Pay an Additional $33 Million Owed to Leucadia FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange (FX) trading and related services, announced that Forex Trading, LLC, a subsidiary of FXCM Newco, LLC (“FXCM”) has completed its sale of FXCM Asia ...
OPEC is winning the oil war
September 15th, 2015
Oil markets may not balance until late 2016, but supply is finally contracting in a big way. Early last week the EIA confirmed that U.S. oil production was down sharply since peaking in April at 9.6 million barrels per day (mb/d). ...
FXCM Asia Now Powered by Rakuten Securities
September 14th, 2015
Uniquely Positioned to Deliver a New Level of Excellence in Online Forex Trading to Hong Kong Traders FXCM Asia Limited has issued a press release to inform that: It will continue to service local forex traders as “FXCM Asia powered ...
Traders’ Phones Are Becoming a Zone of Total Surveillance
September 14th, 2015
At large banks, regulatory requirements and new technology change how conversations are conducted Wall Street has a message for its traders: Watch what you say. At large banks in the U.S. and Europe, traders’ everyday activities are being recorded ...
Oil prices dip as demand stalls – IEA releases Oil Market Report for September
September 14th, 2015
Oil prices dipped on Monday in Asia as weakening demand weighed on markets, although U.S. futures received some support from reduced American drilling. Front-month Brent crude futures LCOc1 were down 37 cents at $47.77 per barrel at 0448 GMT. U.S. crude ...
Equity markets and credit contraction
September 11th, 2015
There is one class of money that is constantly being created and destroyed, and that is bank credit. Bank credit is created when a bank lends money to a customer; it becomes money because the customer draws down this ...
Citi shared central bank info with clients: ex trader
September 11th, 2015
Citigroup sent details of its central bank customers’ trading activity to another client and handed out details of its foreign exchange order book to customers in electronic chatrooms, a former foreign exchange trader said in a witness statement to ...
