Search Results for: UBS AG
Pound to Euro Exchange Rate Melts
May 26th, 2017
Reference rates: Pound to Euro exchange rate: 1 GBP = 1.1467, day’s best: 1.1551, low: 1.1459 Euro to Pound Sterling exchange rate: 0.8720, day’s best: 0.8726, low: 0.8657 Pound Sterling is the worst-performing currency amongst the world’s top twenty ...
BT chief Gavin Patterson suffers multi-million pay cut following accounting scandal
May 26th, 2017
BT has dramatically cut chief executive Gavin Patterson’s pay, as the telecoms giant struggles to recover from a damning accounting scandal in its Italian business that caused it to issue a profit warning and sent shares tumbling. According to ...
BNP Paribas to pay a $350 million fine for illegal conduct in Forex trading
May 25th, 2017
DFS fines BNP Paribas $350 million for illegal, unsafe and unsound conduct in connection with BNPP’s foreign exchange trading business Foreign Exchange “Cartel” Manipulated Foreign Exchange Rates, Engaged in Collusion, Executed Fake Trades, Coordinated Trading to Enhance Profits at ...
FCA secures eight confiscation orders totalling almost £2.2 million
May 24th, 2017
The Central Criminal Court has made confiscation orders against the two final defendants who were convicted of offences following one of the FCA’s largest investigations into unauthorised activity. The FCA’s investigation, known as Operation Cotton, led to eight convictions ...
Nokia and Apple lawyers resolve IP differences
May 24th, 2017
Nokia and Apple have made it up after settling their issues over intellectual property rights, with an unspecified lump sum heading from California to Finland, as well as royalties. Nokia filed several lawsuits against Apple in the USA and ...
Ethereum Enterprise Alliance Adds 86 New Members Including DTCC, State Street And Infosys
May 22nd, 2017
The Ethereum Enterprise Alliance, an initiative to standardize a business version of Ethereum that launched in February, announced that it has added 86 new members, including heavyweights such as the DTCC, State Street, Infosys, Deloitte, MUFG, Toyota Research Institute ...
SEC Charges Fake Filer With Manipulating Fitbit Stock
May 22nd, 2017
The Securities and Exchange Commission today filed fraud charges against a Virginia-based mechanical engineer accused of scheming to manipulate the price of Fitbit stock by making a phony regulatory filing. According to the SEC’s complaint, Robert W. Murray purchased ...
Asian stocks post biggest rise in a month; dollar weak
May 22nd, 2017
Asian stocks posted their biggest daily rise in a month on Monday following modest gains in U.S. shares, though the greenback came under renewed pressure as Washington’s political turmoil undermines confidence in U.S. economic policy. MSCI’s broadest index of ...
SEC charges former head traders at Nomura with fraud
May 16th, 2017
The Securities and Exchange Commission today charged a pair of former head traders who ran the commercial mortgage-backed securities (CMBS) desk at Nomura Securities International Inc. with deliberately lying to customers in order to inflate the profits of the ...
Euro sets one-week high ahead of GDP data; dollar inches lower
May 16th, 2017
The euro touched a one-week high on Tuesday ahead of the release of euro zone gross domestic product data, as the dollar struggled to gain traction in the wake of a surprisingly soft U.S. manufacturing report. The euro rose ...
