Search Results for: europe
Banks’ Civil Forex Settlements Near $2 Billion
June 18th, 2015
Barclays, BNP Paribas, Goldman Sachs and HSBC recently signed agreements to settle case The total amount paid by banks to settle a civil lawsuit tied to allegations traders manipulated the currency market has now reached almost $2 billion following ...
No breakthrough expected at Eurogroup despite Faymann visit, Juncker call
June 18th, 2015
Expectations are low for significant progress in Greece’s talks with its lenders at Thursday’s meeting of finance ministers in Luxembourg, despite a brief phone call between European Commission President Jean-Claude Juncker and Prime Minister Alexis Tsipras last night. A ...
Asia stocks up, dollar sags as Fed tempers expectations for rate rise
June 18th, 2015
An index of Asian shares gained on Thursday while the dollar eased slightly after the Federal Reserve signaled that interest rates would rise more slowly than markets had expected. Spreadbetters, however, expected Greek debt matters to reclaim the spotlight ...
FCA Chose Not to Chase Some Firms in FX Probe
June 17th, 2015
The Financial Conduct Authority chose not to pursue all institutions involved in the foreign exchange rigging scandal, believing that targeting the worst cases would be enough to send a message of deterrence to all. The FCA fined five banks a ...
The Bank of Greece Report on Monetary Policy 2014-2015
June 17th, 2015
Today, in accordance with its Statute, the Bank of Greece submitted its Report on Monetary Policy 2014-2015 to the Speaker of the Greek Parliament and the Cabinet. At the time of writing of the present report, news kept unfolding, ...
Bitcoin surges as Grexit worries mount, posts best run in 18 months
June 17th, 2015
Bitcoin surged by as much as 7 percent on Tuesday and was on track for its longest winning streak in 18 months, as concerns that Greece could tumble out of the euro drove speculators and Greek depositors into the ...
S.Korea reviewing whether global banks in FX probe affected Korea
June 17th, 2015
South Korea’s anti-trust agency chief said on Wednesday the agency is looking into whether the activities of six global banks that were recently fined nearly $6 billion in a U.S. and European forex probe had affected South Korean companies. ...
Greek Prime Minister Tsipras demands debt relief
June 17th, 2015
Any agreement between Greece and its lenders will have to include several elements, including debt relief, Prime Minister Alexis Tsipras said Tuesday as he aimed more criticism at the country’s creditors. Speaking in Parliament at a meeting of SYRIZA’s ...
ICE to launch ERIS Standard Interest Rate Futures
June 16th, 2015
Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, today announced that ICE Futures Europe, the UK’s leading multi-asset class derivatives exchange, intends to launch Eris standard interest rate futures contracts denominated in Euro (EUR) ...
Belgian watchdog takes Facebook to court over privacy concerns
June 16th, 2015
A privacy watchdog said Monday it is taking Facebook to court in Belgium for tracking Internet users, including those who are not members of the US social media network. Belgium’s privacy protection committee filed suit against Facebook in the ...
