Search Results for: fed
Chinese Traders Charged With Trading on Hacked Nonpublic Information Stolen From Two Law Firms
December 28th, 2016
Marks First Time SEC Charges Hacking Into Law Firm Computer Networks The Securities and Exchange Commission today charged three Chinese traders with fraudulently trading on hacked nonpublic market-moving information stolen from two prominent New York-based law firms, racking up ...
The dollar firmed against the yen
December 28th, 2016
Asia stocks followed Wall Street higher on Wednesday, while the dollar firmed against the yen following the release of upbeat U.S. economic data overnight. Crude oil prices held large gains on expectations of supply tightening once oil-producing nations implement ...
Law Firms’ Accounts Pose Money-Laundering Risk
December 27th, 2016
Law Firms’ Accounts Pose Money-Laundering Risk Hundreds of millions of dollars allegedly siphoned from Malaysian state fund 1MDB passed through firms’ pooled accounts in U.S., prosecutors say Tens of billions of dollars every year move through opaque law-firm bank ...
Ruble closing year as world’s best-performing currency
December 27th, 2016
The Russian ruble is expected to be one of the strongest currencies in the world this year with the Brazilian real only trading better against the dollar. Rising oil prices and growing interest from foreign investors despite sanctions are ...
Outlook for 2017
December 26th, 2016
We exit 2016 on a tide of investor optimism. At long last, there will be a businessman in charge of the US economy in the form of a new president, and the stimulation he will provide is of tax ...
Barclays Bank sued for mortgage securities fraud
December 24th, 2016
The United States Department of Justice today filed a civil complaint in the Eastern District of New York against Barclays Bank PLC and several of its United States affiliates (together, Barclays), alleging that Barclays engaged in a fraudulent scheme ...
CBOE close the acquisition of Bats; announces changes in Board Leadership
December 23rd, 2016
Edward Tilly to Take on Role of Both Chairman and CEO Chairman William Brodsky to Step Down After Nearly 20 Years at CBOE CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that William J. Brodsky, Susan M. Phillips and R. ...
Volkswagen reaches compensation deal with 80,000 US owners
December 23rd, 2016
A federal judge said on Thursday that Volkswagen has reached an agreement in principle to provide “substantial compensation” to the owners of about 80,000 3.0 liter polluting diesel vehicles, a key hurdle to resolve the German automaker’s emissions scandal. ...
Crude Oil Price Falls on Shock Inventory Increase
December 23rd, 2016
The U.S. Energy Department’s inventory release showed that crude stockpiles recorded an unexpected build. This weighed on oil prices , sending West Texas Intermediate (WTI) crude futures down 1.5% (or 81 cents) to $41.71 per barrel Wednesday. On a ...
Deutsche Bank Reaches $7.2 Billion Settlement Over Toxic Securities
December 23rd, 2016
The Obama administration scrambled to resolve its remaining crisis-era megabank mortgage cases, striking a $7.2 billion settlement Thursday with Deutsche Bank AG over toxic securities while separately filing a lawsuit against Barclays PLC alleging more than $30 billion in ...
