Search Results for: UBS Group
BofA Investors Say Settlement Reached in Forex Class Action
April 17th, 2015
Bank of America Corp. investors say they’ve settled a lawsuit accusing the company of rigging prices in the foreign-exchange market. The investors, several pension and hedge funds, didn’t reveal how much the bank would pay in a statement Thursday ...
Virtu IPO Tests Perceptions of High-Speed Trading
April 16th, 2015
High-frequency trading firm prices shares at $19, high end of projected range When Virtu Financial Inc., starts trading Thursday, its performance will be a test of how markets view a firm that has been at the center of controversy ...
Clifford Chance advises on GF Securities (Hong Kong)’ IPO
April 15th, 2015
International law firm Clifford Chance has advised a group of 26 underwriters, led by GF Securities (Hong Kong), Goldman Sachs, Morgan Stanley, BOCOM International Securities, Deutsche Bank and Merrill Lynch on GF Securities’ HK$28 billion (US$3.5 billion) listing on ...
Saxo Bank strengthens its capital base with EUR 77.5 million
April 15th, 2015
Saxo Bank, the global online trading and investment specialist, has announced that it has strengthened its capital base by issuing Convertible Tier 2 Notes in exchange for EUR 46.25 million and by issuing new equity capital in the amount ...
Forget Interest Rates, the Fed Has Another Big Decision to Make in the Next Year
April 8th, 2015
In case exiting years of zero interest rates won’t be hard enough, Federal Reserve officials have another challenge approaching quickly: when to begin unwinding trillions of dollars of bond purchases that constitute the world’s largest fixed-income portfolio. Less than ...
Former ConvergEx trader admits books and records falsification
April 7th, 2015
Former Convergex Global Markets trader, Michael Craig Marshall, pleads guilty for scheme to falsify books and records A former trader at ConvergEx Global Markets has pleaded guilty in federal court in New Jersey for his role in a scheme ...
Speed Trader Virtu Readies Another IPO Try
April 7th, 2015
Deal could value the company at $2.59 billion With the controversy over high-speed trading firms cooling, one of them is preparing to brave the stock market. Virtu Financial Inc. on Monday outlined plans to go public later this month ...
The Greek crisis and the clash of philosophies within the EU
April 7th, 2015
Listening to German Finance Minister Wolfgang Schäuble and his Greek counterpart Yanis Varoufakis speaking about the recent Eurogroup agreement on Greece, one could be forgiven for thinking they were talking about two completely different texts. There are obviously deep ...
Commencement of a New Bank to Offer Wealth Management Services for Individual Investors in Hong Kong
April 3rd, 2015
Establishing a wealth management bank through joint investment by Japanese and Hong Kong companies including Shinsei Bank, Monex Group, AD Capital, Convoy and Tokyu Livable, and to commence operations in the First Half of Fiscal Year 2015 Shinsei Bank, ...
ISDA Outlines Path Forward for Centralized Execution of Swaps
April 2nd, 2015
The International Swaps and Derivatives Association, Inc. (ISDA) today published a set of principles aimed at promoting regulatory consistency in the development and application of centralized trading rules for derivatives. The execution of standardized derivatives on an exchange or ...
