Search Results for: regulators
Chinese Day Traders Are Behind Silver Frenzy Moving Prices
July 6th, 2016
Retail trade behind rising volume as open interest falls: Saxo Moves reminiscent of China commodity frenzy earlier this year Chinese day traders are moving the silver market. The metal posted its biggest two-day rally in five years on Monday, ...
New EU rules to fight insider dealing and market manipulation in Europe’s financial markets take effect
July 5th, 2016
A revamped EU legal framework, applicable as of 3 July, will ensure even more efficient, transparent and trustworthy European financial markets. This new rulebook, will increase investor protection and confidence by allowing deeper and more integrated financial markets, and ...
London Stock Exchange Shareholders Approve Merger With Deutsche Börse
July 5th, 2016
London Stock Exchange shareholders on Monday voted strongly in favor of a planned $30 billion tie-up with Germany’s Deutsche Börse, but after the U.K.’s decision to leave the European Union, bigger obstacles may lie ahead. As expected, shareholders controlling ...
The number of practices providing audit services has continued to fall
July 4th, 2016
The number of practices providing audit services has continued to fall at a rapid pace, as the market comes to terms with regulatory and legislative edicts at both the top and lower ends of the spectrum. The latest Key Facts and ...
Russian Finance Firms Form Blockchain Consortium
July 4th, 2016
A group of Russian banks and financial services companies has formed a private-sector consortium focused on blockchain applications. Announced 1st July, the consortium includes payment processing firm QIWI, B&N Bank, Khanty-Mansiysk Otkritie Bank, Tinkoff Bank, MDM Bank, and professional services firm Accenture. The launch came during the 25th International ...
UK landlords have increased rents by 3.5 percent
July 1st, 2016
UK landlords have increased rents by 3.5 percent in the last year, as tax hikes begin to bite, lender Kent Reliance has said. According to a new Kent Reliance survey, the average monthly rent is now GBP872 (USD1,245). Four ...
Facebook wins privacy case, can now track any Belgian it wants
July 1st, 2016
In a somewhat unexpected twist, Facebook has won a legal battle against Belgium’s data protection authority, which had sought to prevent Facebook from tracking non-Facebook (or not-logged-into-Facebook) users, both on the Facebook website itself but also via the company’s ...
Is Bitcoin money?
June 30th, 2016
Is Bitcoin actually money? American Banker reports a Florida circuit court judge will rule on the question Friday (July 1) as part of a “first-of-its-kind money-laundering case.” The report says Michel Espinoza was arrested at a Miami Beach motel in February ...
FINRA Fines Deutsche Bank Securities Inc. $6 Million
June 30th, 2016
The Financial Industry Regulatory Authority (FINRA) today announced it has fined Deutsche Bank Securities Inc. $6 million for failing to provide complete and accurate trade data in an automated format in a timely manner when requested by FINRA and ...
Volkswagen Reportedly To Announce $15 Billion Settlement After Emissions Scandal
June 28th, 2016
Sources told Reuters and the Associated Press that the automaker would buy back or offer cash to owners of the emissions-cheating diesel models. Volkswagen will announce a settlement Tuesday with almost 500,000 owners of its diesel models built with ...
