Archives
Monday March 30: OSB G10 Currency Pairs Cheat Sheet & Key Levels
March 30th, 2015
OSB Daily G10 Currency Pairs Cheat Sheet & Key Levels for March 30. EURUSD Open 1.0884, High 1.0948, Low 1.0801, Close 1.0887, 0.04% Change. GRBUSD Open 1.4847, High 1.4921… View table below
ICAP mulling spin-off of electronic trading arm EBS-BrokerTec, rumours say
March 27th, 2015
London interdealer broker ICAP is rumoured to be looking to spin off its electronic trading arm EBS-BrokerTec. The FTSE 250 company’s management have been mulling the split and, according to sources cited by Bloomberg, have recently discussed the separation ...
PayPal pays $7.7m in US sanctions case
March 27th, 2015
PayPal has agreed to pay $7.7 million to settle charges from the US Treasury that lax screening technology saw the firm violate multiple sanctions programmes. According to a Treasury statement, over several years up until 2013, PayPal processed 486 ...
Oil price ‘could fall to $30’ say trading experts
March 27th, 2015
Oil prices continued their downward spiral Friday, falling more than $1, after a short-lived rally of around 5 percent the previous day, as concerns of a disruption to supplies in the Middle East appeared to ease. Against this backdrop, ...
Goldman Overtakes JPMorgan in Commodities After Mercuria Sale
March 27th, 2015
Goldman Sachs Group Inc. earned back its place as the largest bank by commodities revenue after JPMorgan Chase & Co. sold its physical raw-materials business. JPMorgan, which made the most money from commodities among the top 10 investment banks ...
FINRA Sanctions Oppenheimer & Co. $3.75 Million for Supervisory Failures
March 27th, 2015
Firm Fined $2.5 Million and Ordered to Pay Restitution of $1.25 Million for Failing to Supervise Former Oppenheimer Broker Mark Hotton The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Oppenheimer & Co. Inc. $2.5 million ...
Abu Dhabi’s FGB completes stake sale in brokerage
March 27th, 2015
First Gulf Bank, the second largest lender by market capitalisation in the UAE, has said a deal to sell its 45 percent stake in brokerage First Gulf Financial Services to an Abu Dhabi investment company has been completed. FGB, ...
Volatility shakes currency markets
March 27th, 2015
Nervous markets will favour the greenback as a traditional safe-haven asset, but not the Australian dollar. Volatility is creeping back into the market and creating headaches for foreign exchange traders as they second-guess the timing of United States interest ...
Bankers: Lebanon won’t drop banking secrecy
March 27th, 2015
Lebanon will not abandon its banking secrecy law but will continue to cooperate with the United States and other nations in the exchange of tax information and the fight against money laundering, leading bankers said Thursday. “Lebanon has no intention to abandon ...
FCA lambasted by MPs over insurance market panic
March 27th, 2015
The Financial Conduct Authority has still not learnt from last year’s calamitous “pre-briefing” of insurance market reforms, and its chief executive, Martin Wheatley, is still in denial about what went wrong, a committee of MPs warns today. The Treasury ...
