Search Results for: UBS
Federal Reserve Board takes action to bar two former foreign exchange (FX) traders of HSBC from employment in banking industry
October 7th, 2016
The Federal Reserve Board on Thursday took action to bar two former foreign exchange (FX) traders of HSBC from employment in the banking industry. Mark Johnson and Stuart Scott, former senior HSBC managers, were recently indicted for criminal wire ...
Dutch insurer rejects NN Group’s takeover proposal
October 7th, 2016
Delta Lloyd N.V. (hereafter “Delta Lloyd” or the “Company”) notes the announcement made by NN Group N.V. (“NN Group”) on 5 October 2016 and confirms that it received an unsolicited and conditional proposal from NN Group on 2 October ...
EY reports record global revenues in 2016
October 7th, 2016
EY records sixth consecutive year of record growth Solid growth across all businesses and geographical areas, including developed and emerging markets Large scale transformations and capital transactions fuel growth in Advisory and Transactions businesses Significant investment in digital transformation, ...
ASIC warns AFS licensees to lodge financial statements and auditor’s reports on time
October 6th, 2016
ASIC has been pursuing Australian Financial Services (AFS) licensees that have failed to meet their obligation to lodge their annual financial statements and auditor’s reports with ASIC within the specified timeframe. Licensees with a financial year ending 30 June ...
What the recent OPEC deal means for oil prices
October 6th, 2016
The September 28 Algiers accord by Opec to cap production within a range of 32.5 million to 33 million barrels per day was unexpected but very positive for sentiment. This was the first time Opec decided to trim output ...
Crisis Hits Russian Banking With 15% Job Losses
October 6th, 2016
Fifteen percent of all Russian bank employees have lost their jobs since the start of the country’s economic crisis in 2014, new data has revealed. Figures from the state statistics agency Rosstat show that almost 120,000 people working in ...
Can You Imagine The Fed Raising Rates In This World? Bank Bail-In Edition
October 5th, 2016
I know it’s bad form to express sympathy for the people running the world’s central banks. But come on, they’re human beings in an impossible spot with no idea how to escape. The pain they feel is both intense ...
ESMA reports on Shadow Banking, Leverage and Pro-Cyclicality
October 5th, 2016
The European Securities and Markets Authority (ESMA) has issued today a report on securities financing transactions (SFTs), leverage and pro-cyclicality in the EU’s financial markets. ESMA’s report assesses whether the use of SFTs leads to the build-up of leverage which is ...
CME Group Reached Average Daily Volume of 15 Million Contracts per Day in September 2016
October 5th, 2016
CME Group, the world’s leading and most diverse derivatives marketplace, today announced that September 2016 average daily volume (ADV) reached 15 million contracts per day, up 6 percent from September 2015. CME Group September 2016 options volume averaged 2.9 million contracts per day, up 9 ...
Open Range Trading LLC and its owner charged by CFTC
October 5th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action charging Defendants Jody Dupont of Anderson, South Carolina, and his company, Open Range Trading LLC(Open Range), with fraudulently soliciting clients and prospective clients to subscribe to a commodity futures day-trading ...
