Greece Holds Out, Wins Even Worse Deal
July 14th, 2015
The hostile takeover is almost complete. On Sunday Greece agreed not just to Germany’s original demands, but to even more: “(Bloomberg) – The conditions that Tsipras swallowed comprised a laundry list of unfinished business from Greece’s two previous bailouts ...
Orderly Grexit Poses a Puzzle for EU Lawyers Gaming Out Doomsday
July 10th, 2015
Grexit on Sunday? Not so fast, say the lawyers. Even if the creditors pull the plug, Greece will remain legally part of the euro zone on Monday. It could hang on in a half-out, half-in state indefinitely, creating legal ...
Justice Department Announces Two Banks Reach Resolutions under Swiss Bank Program
July 10th, 2015
Banque Pasche SA Will Pay $7.229 Million Penalty and ARVEST Privatbank AG Will Pay $1.044 Million Penalty; Both Continue to Cooperate With Department of Justice The Department of Justice announced today that two banks, Banque Pasche SA and ARVEST ...
Ragin’ Contagion: When Debtors Go Broke, So Do Mercantilist Exporters
July 7th, 2015
Papering over the structural imbalances in the Eurozone with bailouts or bail-ins will not resolve the fundamental asymmetries in trade. Beneath the endless twists and turns of Greece‘s debt crisis lie fundamental asymmetries that doom the euro, the joint currency that ...
Company Shares of FXCM Inc. Drops by -4.24%
July 6th, 2015
FXCM Inc. (NYSE:FXCM) has lost 8.23% during the past week and dropped 8.81% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 7.14%. FXCM ...
Time for state energy companies in Middle East to rethink overseas strategies
July 6th, 2015
The long, hot summer is usually a quiet period in the Arabian Gulf. But this season marks some dramatic changes for Middle East state energy companies and their overseas ventures. The falling oil price creates opportunities for some, problems ...
Interactive Brokers Group Reports Brokerage Metrics for June 2015
July 2nd, 2015
Interactive Brokers announced Electronic Brokerage Metrics performance for June 2015 that includes Reg.-NMS Execution Statistics Highlights for the month included: 600 thousand Daily Average Revenue Trades (DARTs), 21% higher than prior year and 3% lower than prior month. Ending ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
ICE Clear Singapore announces first three clearing members
June 25th, 2015
Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, today announced that KGI Ong Capital Pte. Ltd., Phillip Futures Pte Ltd and UOB Bullion and Futures Limited (UOBBF) have been approved as the first three ...
Market get a boost: Etisalat 40 percent is open to investment by individual UAE citizens
June 25th, 2015
News that restrictions on investment in United Arab Emirates telecommunications operator Etisalat will be loosened may boost Abu Dhabi’s market on Tuesday, while other bourses may have a modestly positive tone. At present, the government’s Emirates Investment Authority (EIA) ...
