Search Results for: dollar
Standard Chartered, Societe Generale are among four banks added to Forex Lawsuit by investors
August 3rd, 2015
Standard Chartered Plc and Societe Generale SA are among four banks added to a suit by investors claiming banks manipulated the $5.3 trillion a day foreign-exchange market. The investors filed a revised complaint Friday in which they broadened their ...
$76 Million penalties for Forex Ponzi Scheme
August 3rd, 2015
In Related Criminal Actions, Simmons Sentenced to 40 Years’ and Salazar Sentenced to 4.5 Years’ Incarceration and Ordered to Pay in Total $40 Million in Criminal Restitution Both Simmons and Salazar Currently are Serving Their Prison Sentences The U.S. ...
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 ...
Exchange-Traded Funds (ETF) trading has gone insane
July 31st, 2015
Activity led by SPY, which trades about $24 billion a day for eye-popping turnover of 3,400% Everyone is talking about how exchange-traded funds have now overtaken hedge funds in terms of total assets. That’s small change compared with how much ...
Asian shares edge up, wary of China volatility
July 31st, 2015
Asia markets record monthly loss after China drop U.S. GDP data reinforces bets that Fed is on track to hike Nikkei down after Japanese data disappoints Gold, copper record losses on stronger dollar Asian shares inched higher on ...
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 ...
Currency Devaluation: The Crushing Vice of Price
July 30th, 2015
Devaluation has a negative consequence few mention: the cost of imports skyrockets. When stagnation grabs exporting nations by the throat, the universal solution offered is devalue your currency to boost exports. As a currency loses purchasing power relative to the currencies ...
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 ...
The IMF: A cure or disease?
July 30th, 2015
The economy plays a vital role in determining the welfare of people’s lives. The word “economy” may sound simple but its effect on people in terms of social, political, judicial and psychological aspects are tremendous. The family, the basic ...
Bank of Russia Halts Foreign-Currency Purchases, as Ruble Hits Five-Month Lows
July 30th, 2015
Central bank stops buying U.S. dollars for reserves in bid to balance inflation and growth measures Russia’s central bank, whose credibility has been tested over the past year by runaway inflation and a volatile currency, is coming sharply into ...
