Search Results for: banks
Deutsche Bank explores merger with Commerzbank: reports
June 8th, 2018
Deutsche Bank AG’s Chairman Paul Achleitner is considering a merger with rival Commerzbank AG and is speaking with top investors and government officials about the potential tie-up, Bloomberg reported late Thursday. Sources told the news outlet there have been ...
UK regulator fined a Bank for anti-money laundering systems failings
June 7th, 2018
The UK regulator Financial Conduct Authority (FCA), has issued an announcement to inform that has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days. Financial services firms are ...
Global stocks rally extends in Asia; The Euro and Japanese Yen rose
June 7th, 2018
A global stocks rally extended its run in Asia Thursday on confidence the global economic expansion remains intact and continuing momentum in U.S. technology shares. Treasuries held losses, with 10-year yields just under 3 percent. Equities gained from Tokyo ...
Massive VISA outage shows the fragility of global payments
June 6th, 2018
On Friday, VISA’s payment network suffered outages across Europe, limiting transactions for both businesses and individuals. Banks and commerce groups began advising customers to use cash or other payment cards if possible, and reports indicated that online and contactless ...
Asian stocks rose on Wednesday, S&P 500 dipped, Euro gained
June 6th, 2018
Asian stocks rose on Wednesday after tech sector strength lifted Wall Street shares while concerns about Italy’s debt prompted investors to move into lower-risk government debt elsewhere, pushing U.S. Treasury yields down from recent highs. MSCI’s broadest index of ...
Société Générale to pay millions for LIBOR and Euribor manipulation charges
June 5th, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against Société Générale S.A. (Société Générale or the Bank) for attempted manipulation of and false reporting in connection with the London Interbank Offered Rate (LIBOR) for ...
Gold’s Monetary Rehabilitation
June 4th, 2018
There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony. It is perhaps too early to call what’s happening to the dollar the beginning of ...
A Spiking Dollar = Emerging Market Chaos
May 31st, 2018
The dollar collapse thesis – which ends with all fiat currencies achieving their intrinsic value of zero — doesn’t preclude some thrills and chills along the way, in which some currencies fall faster than others and wreak havoc on ...
GAIN Capital to sell the Company’s institutional platform for trading Forex
May 30th, 2018
GAIN Capital Holdings, Inc, a leading global provider of online trading services, announced that it reached a definitive agreement to sell the Company’s GTX ECN business, an institutional platform for trading foreign exchange, to Deutsche Börse Group, a leading ...
Strategic partnership between Worldline and SIX consolidating European payments
May 24th, 2018
Worldline’s $2.75 billion deal to buy the payments unit of Swiss exchange operator SIX Group, announced on Tuesday, could herald more consolidation in the industry, SIX’s chairman told Reuters. France’s Worldline beat competition from U.S. bidders to land the ...
