Search Results for: brokers
Citigroup, Barclays Close to Settling Forex Lawsuit With Private Investors
March 18th, 2015
Citigroup Inc. and Barclays PLC are expected to pay as much as $800 million combined to settle a lawsuit with investors who say the banks manipulated foreign-exchange rates, according to people close to the situation. The expected settlements would ...
Asia stocks advance before Fed, dollar treads water
March 18th, 2015
Asian stocks shook off a slow start and rose on Wednesday, led by China shares, while the dollar marked time as markets waited for the Federal Reserve‘s policy statement for clues to when U.S. interest rates will rise. Following Asia’s lead, ...
GAIN Capital Receives Shareholder Approval for Acquisition of City Index Limited
March 17th, 2015
GAIN Capital Holdings, Inc. (NYSE: GCAP) (the “Company” or “GAIN Capital”) announced today that its common shareholders have overwhelmingly approved the acquisition of City Index Limited at a special meeting of shareholders held on March 12, 2015. The nearly universal shareholder support for ...
Top Global Law Firm: Virtual Currency is Here to Stay
March 17th, 2015
“Virtual currency is here to stay”, according to a partner at one of the largest and most prestigious law firms in the US. Judith Alison Lee, partner in the Washington, DC, office of global law firm Gibson Dunn & Crutcher, was ...
Schaeuble confirms Germany is a founding member of China-led AIIB bank
March 17th, 2015
Finance Minister Wolfgang Schaeuble said on Tuesday that Germany is going to be a founding member of a new international development bank backed by China along with other European countries. The move to join the Asian Infrastructure Investment Bank (AIIB), following the lead ...
Speech by Mario Draghi, President of the ECB at SZ Finance Day 2015
March 17th, 2015
Summary Europe needs to accelerate on its way to economic and institutional convergence. Due to falling oil prices, accommodative monetary policy and successful structural reforms, we can be optimistic about the economic outlook. The nascent recovery should be used ...
FCA bans former Rabobank trader, Paul Robson, following LIBOR fraud conviction
March 17th, 2015
The Financial Conduct Authority (FCA) has banned Paul Robson, 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 ...
IG Group Holdings PLC: Third Quarter Trading Update
March 17th, 2015
IG Group, a global leader in online trading, today issues the following Trading Update for the three months to 28 February 2015, the third quarter of its 2015 financial year. The trends and figures highlighted below refer to this ...
Greek PM seeks meeting with top EU leaders as cash crunch deepens
March 17th, 2015
Greek Prime Minister Alexis Tsipras has requested a meeting with top European leaders including German Chancellor Angela Merkel at this week’s EU summit, a Greek official said on Tuesday, as his cash-strapped government scrambles to stave off bankruptcy. As ...
IASB sets out practical effects of bringing leases onto the balance sheet
March 17th, 2015
The International Accounting Standards Board (IASB) is in the process of finalising a new International Financial Reporting Standard (IFRS) that will require companies to bring leases onto the balance sheet. It has today published a document outlining the likely ...
