Search Results for: UBS Group
Former Libor ‘Ringmaster’ Hayes Gets 14 Years for Libor Rigging
August 4th, 2015
Former UBS Group AG and Citigroup Inc. trader Tom Hayes, the first person to stand trial for manipulating Libor, was sentenced to 14 years in prison after being found guilty of conspiracy to rig the benchmark rate. After a ...
Two Chinese Firms Seek Multibillion-Dollar IPOs
August 3rd, 2015
China Merchants Securities and China Reinsurance are pursuing Hong Kong listings Two Chinese financial firms are gearing up for multibillion-dollar initial public offerings in Hong Kong, even as China’s stock markets saw one of their steepest selloffs last month. ...
Deutsche Boerse Buys 360T to Expand in Currency Trading
July 27th, 2015
Deutsche Boerse AG will buy foreign-exchange trading platform 360T for 725 million euros ($796 million) to move into the $5.3 trillion-a-day currency trading market. The agreement was signed by 360T shareholders including U.S. private equity firm Summit Partners, Deutsche ...
Barclays to pay $800,000 fine for U.S. data reporting errors
July 17th, 2015
Wall Street’s self-funded watchdog fined a unit of Barclays PLC (BARC.L) $800,000 (512,377 pounds) for violations related to how the bank reported stock trades over a more than two-year period, hampering the regulator’s ability to properly monitor the market. ...
China Growth Beats Economists’ Forecast as Stimulus Kicks In
July 15th, 2015
China’s economic growth proved resilient in the second quarter as policy makers stepped up support and a stock market boom — since soured — spurred services. Gross domestic product rose 7 percent in the three months through June from ...
Brazil Regulator Names 30 Traders in Probe of Currency Rigging
July 14th, 2015
Brazil’s antitrust regulator named 30 people it’s investigating as part of a civil probe into anticompetitive practices in the currency market. If found to have violated the law, the individuals each may face penalties of as much as 2 ...
Barclays Selects JPMorgan to Replace Credit Suisse as Broker
June 25th, 2015
Barclays Plc picked JPMorgan Chase & Co. to replace Credit Suisse Group AG as a corporate broker amid a review of the bank’s performance by new Chairman John McFarlane. Deutsche Bank AG retained its advisory role. JPMorgan was chosen ...
Currency Traders Stuck in Norway as Volatility Whipsaws Market
June 12th, 2015
Just because a currency is from a Group of 10 nation doesn’t mean it will be easy to sell when markets become volatile. Norway’s krone saw the biggest jump in anticipated price swings of any of its major peers ...
Top news of the day, May 20
May 20th, 2015
1. As Greek government officials expressed their confidence that a deal with the country’s creditors is close, top European officials indicated Tuesday that although there has been progress in negotiations, an agreement is unlikely before the end of the ...
Six Banks Pay $5.8 Billion, Five Plead Guilty to Market Rigging
May 20th, 2015
Six of the world’s biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of enforcement actions. Citicorp, ...
