Greek crisis hits international firms
July 7th, 2015
Strict capital controls in place at all Greek banks are preventing the collection of legal fees owed to international law firms, the Gazette has learned as the country’s referendum result sets it on course to leave the euro. The crisis is ...
UBS signs whistleblower deal with Brazil to avoid punishments in Forex rigging case
July 7th, 2015
Swiss bank UBS has signed a leniency agreement with Brazilian authorities to avoid punishment in the alleged rigging of the country’s currency market. Local newspaper Valor Econômico reported that UBS signed an agreement with Brazil’s antitrust watchdog, the Council ...
Goldman: “Greece Will Remain In Euro Even If It Votes No”, And How Markets Will React
July 3rd, 2015
The time to negotiate the Greek referendum this Sunday has come and gone and at this point, one can only sit and wait as the vote results start trickling in on Sunday evening. And, as Goldman’s Huw Pill prudently ...
Citigroup, HSBC Among Banks Named in Brazil Currency Probe
July 3rd, 2015
Citigroup Inc., Morgan Stanley, HSBC Holdings Plc and 12 other banks are being investigated for currency manipulation by Brazil’s antitrust agency after similar probes in the U.S. and Europe led to penalties of more than $10 billion. Cade, as ...
The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing
July 1st, 2015
Keep an eye on the shadow banking system – it is about to be shaken to the core. According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars. It has ...
Greece defaults on IMF payment despite last-minute overtures to creditors
July 1st, 2015
Greece‘s last-minute overtures to international creditors for financial aid on Tuesday were not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund. The IMF confirmed that Greece ...
SIX has entered into negotiations with Deutsche Börse over the complete sale of the shares it holds in the joint ventures STOXX AG and Indexium AG
June 29th, 2015
SIX has issued a press release to inform that: STOXX AG and Indexium AG are operated as joint ventures by SIX and Deutsche Börse AG (DBAG). SIX confirms that it has entered into negotiations with DBAG over the complete acquisition of ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
HSBC dumps China PMI as Beijing tightens information flows
June 26th, 2015
For those on wanting to understand China there is one economic statistic more closely watched than any other. It’s the Flash Purchasing Managers Index – or PMI – which is released in the last week of every month. The index claims to be ...
J.P. Morgan, SEC in Settlement Talks Over Product Steering
June 25th, 2015
J.P. Morgan, other banks have faced more scrutiny on conflicts policies from OCC J.P. Morgan Chase & Co. is in talks with the Securities and Exchange Commission to settle a probe into whether the bank inappropriately steered private-banking clients to ...
