Search Results for: financial markets
Taking Systemic Risk Seriously
June 30th, 2014
There are two leading views about the world’s financial system. The first, heard mostly from executives at leading global banks and their allies, is that the system is safer than it has ever been. According to this view, the ...
Pimco runs risks in turning up the ‘vol’
June 27th, 2014
It was a tantalising introduction. Bill Gross, Pimco’s “Bond King” and founder of the world’s largest fixed income fund, promised to impart the secrets of his extraordinary success to an audience of financial advisers in Chicago. “I’ll be handing ...
When Should You Give Investors Their Money Back?
June 26th, 2014
The economic goal of every business leader is to create value for shareholders; it’s what you are paid to do. If you don’t expect to earn returns that exceed the cost of capital borne by shareholders, you ought to ...
OptionsCity Supports Transition of NYSE Liffe US Products to ICE
June 25th, 2014
OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, announced that the firm is offering customers immediate access to Liffe US products following their transition to Intercontinental Exchange’s futures exchanges and clearing houses. ...
US court fines Credit Suisse trader over bond prices
June 25th, 2014
A New York court has fined a former UK-based Credit Suisse trader for his role in artificially inflating bond prices. David Higgs was spared prison, which was the fate of his boss. Higgs pleaded guilty in 2012 to a ...
Oracle to buy Micros for $5.3 billion
June 24th, 2014
Oracle Corp. has agreed to buy Micros Systems Inc. for $5.3 billion as chief executive Larry Ellison seeks to reignite slowing growth by adding software for hotels and restaurants. Micros stockholders will get $68 a share in cash, 18 ...
Bond Market Has $900 Billion Mom-and-Pop Problem When Rates Rise
June 24th, 2014
It’s never been easier for individuals to enter some of the most esoteric debt markets. Wall Street’s biggest firms are worried that it’ll be just as simple for them to leave. Investors have piled more than $900 billion into ...
Hedge-Fund Hack Part of Bigger Siege: Cyber-Experts
June 23rd, 2014
The attack on a U.S. hedge fund’s network, which a cybersecurity contractor said last week disrupted the firm’s high-speed trading and stole its data, is but one among many. That is the assessment of more than a half-dozen computer ...
Danske Defeat on Risk Weights Shows Regulatory Supremacy
June 20th, 2014
As regulators across Europe and the U.S. show signs of caving in to bank industry warnings that new rules risk hurting the economy, Denmark’s watchdog has just won a milestone battle against the nation’s biggest bank. Danske Bank A/S ...
CySec: Withdraw of CIF authorisation
June 20th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has issued an announcement that on a meeting held on June 16, 2014 has decided to withdraw the CIF authorisation of T.B.S.F. Best Strategy Finance Ltd (www.cedarfinance.com), ...
