Search Results for: citigroup
FXCM Receives Consensus Recommendation of “Buy” from Brokerages
October 3rd, 2014
Shares of FXCM (NASDAQ:FXCM) have received a consensus recommendation of “Buy” from the eight analysts that are currently covering the company, American Banking & Market News reports. Six equities research analysts have rated the stock with a buy recommendation, ...
Banks pull out of dozens of benchmarks after rate-rigging scandals
October 2nd, 2014
Some of the world’s largest banks have stopped contributing to dozens of financial benchmarks to avoid further litigation risk in the wake of the Libor and foreign exchange rate rigging scandals. Deutsche Bank, Citigroup, JPMorgan and UBS, among others, ...
BOC to sell high-yield bond fund in Europe
September 24th, 2014
One of China’s state-owned banks has struck a deal with Citigroup to market its first fund to pension funds and retail investors in Europe. Bank of China Hong Kong Asset Management, which is owned by Bank of China, has ...
G-20 Warns of Potential Market Risks
September 22nd, 2014
Group of 20 finance chiefs and central bankers said low interest rates could lead to a potential increase in financial-market risk, as major economies rely on monetary stimulus to bolster uneven growth. “We are mindful of the potential for ...
UK bank adviser pay catching up with traders
September 15th, 2014
Senior advisory bankers’ pay in London has risen almost on to a par with traditionally higher-earning traders, underlining the shifting fortunes of these distinct businesses within investment banks. By contrast, senior traders have suffered an average 13 per cent ...
The Reasons Bankers Weren’t Busted
September 9th, 2014
“There Were No Convictions of Bankers for Good Reason” is the headline of a post by Mark F. Pomerantz, a lawyer and retired partner at Paul, Weiss, Rifkind, Wharton & Garrison in the New York Times’s Room for Debate ...
Brokers Battle Deutsche Bank Over Selling In-House Products
September 9th, 2014
Since the market collapse of 2008, scrutiny has intensified on the way large banks and securities firms treat their brokerage customers, particularly when it comes to steering them into the firms’ own products. One possibility raised in the 2010 ...
FX Probe Lags in EU as Other Watchdogs Ready for Fines
September 8th, 2014
The European Union’s antitrust arm is still at the start of its probe into possible collusion in foreign-exchange markets even as U.S. and U.K. regulators edge closer to levying fines. “We are at the starting point of this investigation,” ...
China’s State Media Join Brokerages Saying Buy Equities
September 4th, 2014
China’s state-run media are trying to do something the securities industry has failed to accomplish for much of the past three years: get the world’s biggest population to buy more stocks. The official Xinhua News Agency published at least ...
Citi to pay $217,841 to settle OFAC violation liabilities
September 4th, 2014
Citigroup Inc (C.N) has agreed to remit $217,841 to settle potential civil liability for apparently violating multiple sanctions programs of the Office of Foreign Assets Control (OFAC), the U.S. Department of Treasury said on Wednesday. Citi Penang, the bank’s ...
