Search Results for: Vest Financial
China makes FX rules ready for foreigners to trade its commodity futures
August 3rd, 2015
Foreign investors will be allowed to transfer either foreign currency or yuan funds into China to trade in the country’s commodity futures markets, the foreign exchange regulator said on Friday. The imminent opening of its booming commodity futures market ...
Asian stocks near 2015 lows on China worry, dollar steadies
August 3rd, 2015
An index of Asian shares outside Japan fell close to this year’s lows on Monday thanks to a deepening selloff in commodities and fresh concerns over slowing growth in China, while the dollar held its ground against a basket of ...
Fed To Markets: You’re STILL Too Easy To Fool!
July 31st, 2015
These days no matter what the Federal Reserve actually says, the markets respond like dogs sensing a piece of bacon coming their way. This is so for several reasons: 1) The world is vastly overleveraged, which terrifies investors and ...
Visa Cautious on the Bitcoin Block Chain
July 31st, 2015
According to a recent article, Visa is aiming to maintain its dominance one way or another. Collab, an arm of Visa Europe, is investigating Bitcoin-oriented companies that could disrupt their business model ultimately. Visa is not against ultimately updating ...
FMA files civil proceedings against portfolio manager for alleged market manipulation
July 31st, 2015
The Financial Markets Authority (FMA) has issued civil proceedings in the High Court seeking pecuniary penalties against Mr Mark Warminger for trading carried out while employed by Milford Asset Management Limited (Milford). The trading occurred between December 2013 and ...
The Swiss National Bank (SNB) is reporting a loss of CHF 50.1 billion for the first half of 2015
July 31st, 2015
The central bank of Switzwerland has issued a press release to inform for the Interim results The Swiss National Bank (SNB) is reporting a loss of CHF 50.1 billion for the first half of 2015. The loss on foreign currency ...
Cetera closing J.P. Turner, offering some brokers jobs at Summit
July 31st, 2015
CEO Larry Roth claims move is not part of any widespread consolidation Cetera Financial Group is closing down one of its broker-dealers, J.P. Turner & Co., and inviting select advisers to join another of its firms. Over the past ...
SunGard Announces Second Quarter 2015 Results
July 31st, 2015
Financial Software company, SunGard Data Systems Inc.,has issued a press release to announce Second Quarter ended June 30 Results For the quarter, revenue was $687 million, up 2% year over year (up 6% adjusting for currency). Operating income was $108 million ...
FCA bans former Rabobank trader, Lee Stewart, following LIBOR fraud
July 30th, 2015
The Financial Conduct Authority (FCA) has banned Lee Stewart, a former trader at Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) from the UK financial services industry for lacking honesty and integrity following a criminal conviction for fraud in the US. In ...
BNP Is Considering Its Biggest Bank Revamp Since the Crisis
July 30th, 2015
BNP Paribas SA is considering a reorganization of its securities unit that may bring the deepest cost cuts since the financial crisis. France’s largest bank enlisted Oliver Wyman and Boston Consulting Group to work on the revamp, dubbed “CIB ...
