Search Results for: financial crisis
Goldman, Morgan Stanley win back hedge fund trading business
October 7th, 2015
Goldman Sachs and Morgan Stanley are winning back the trading business of hedge fund clients that they lost to European rivals during the financial crisis, as new capital rules spur banks like Deutsche Bank to scale down their businesses. ...
UBS Unit to Pay $34 Million in Settlements Over Puerto Rico Bond Funds
September 30th, 2015
Settlements stem from former broker who had customers invest borrowed money in the funds A unit of UBS Group AG agreed to pay roughly $34 million in settlements with U.S. regulators regarding the sale of Puerto Rico bond funds ...
SFO to press Barclays over £7bn fundraising in private hearing
September 29th, 2015
Serious Fraud Office will apply for access to evidence regarding how the bank raised the funds during the 2008 financial crisis A private hearing is to take place in December in which the Serious Fraud Office (SFO) is thought to be ...
The Global Economic Outlook
September 29th, 2015
Global markets have endured a tough summer, hit by a financial crisis that had its origins in China, but spread quickly to other parts of the world. Trillions of dollars have been wiped out in equity values and some ...
Oil prices remain weak on Asia economy woes; shares in commodity firms tumble
September 29th, 2015
Japan stock market at 8-mth lows over Asian economic fear Falling commodity markets hit trading houses hard Oil prices remained low in early Asian trading on Tuesday following a slide of almost 3 percent the previous session, dragged down ...
Ultra-low Interest Rates: Dangerous or Just a Price?
September 22nd, 2015
Two recent reports start by observing that long-term interest rates have been at extraordinarily rock-bottom levels for several years now. But from that common starting point, the analysis of the reports heads in different directions. The Council of Economic ...
Greece’s turbulent year
September 21st, 2015
Greece’s Alexis Tsipras has said his left-wing Syriza party has a “clear mandate” after winning a second general election in less than nine months. But he said Greeks faced a difficult road and recovery from financial crisis would only ...
China central bank orders banks to tighten supervision of clients’ forex deals: sources
September 18th, 2015
The People’s Bank of China has ordered banks to closely scrutinize clients’ foreign exchange transactions to prevent illicit cross-border currency arbitrage, sources with the direct knowledge of the matter told Reuters on Friday. China’s yuan is not freely convertible ...
Greece: Council shows solidarity through faster mobilisation of EU funds
September 17th, 2015
On 16 September 2015, the Council’s Permanent Representatives Committee backed a Commission proposal to help Greece maximise its use of EU funds and improve liquidity for boosting growth and creating jobs. The proposal’s main objective is to address the lack ...
Beijing investigates senior figure at China’s state securities regulator in latest step to crackdown on market irregularities
September 17th, 2015
The assistant chairman of China Securities Regulatory Commission Zhang Yujun is being investigated for ‘disciplinary violations’ The mainland’s anti-graft watchdog is investigating a senior figure at the state securities regulator, as Beijing takes its latest step in cracking down ...
