Currency funds are betting on recovery after a dismal decade
April 27th, 2018
After a dismal decade, active currency managers see light at the end of the tunnel. As a decade of ultra-accommodative monetary policy after the 2008 crisis now appears to be nearing its end, funds that invest in currencies as ...
Yen Fell 0.1 Percent, Euro Was Steady, Pound Rose; Chinese shares declined
December 14th, 2017
Chinese shares declined after a surprise hike in short-term interest rates by China’s central bank, though there was little impact more broadly in Asia as investors digested the Federal Reserve’s latest rate increase of its own, and an updated ...
Pound Tumbles for a Second Day as Brexit Spurs Political Chaos
June 27th, 2016
Brexit vote reverberates across nation’s political spectrum Sterling drop only half what we’ll see in 2016: Standard Bank The big question for pound traders may have been answered, but the outlook for the currency is murkier than ever. Sterling dropped ...
Pound Outlook Darkens on Brexit Referendum With BOE Stuck on Launchpad
December 30th, 2015
Sterling will fall to $1.41 by September 2016, SocGen says Fragile global economy, ‘Brexit’ may keep BOE from liftoff The odds are stacking up against the pound for 2016. With growth slowing and the potential for a referendum on ...
Credit Suisse plans trading floor for Dublin
November 16th, 2015
Swiss bank wants to move 40 traders and 60 support staff to Ireland as part of a cost-cutting drive Credit Suisse is on course to become the first international bank to set up a major trading floor in Dublin. The ...
Google Takes Stake in Messaging Startup Symphony Communication Services
October 6th, 2015
New fundraising round values Symphony at $650 million Google Inc. plans to invest in a new round of funding for Symphony Communication Services LLC that values the Wall Street-backed messaging company at about $650 million, people familiar with the matter said. ...
Activist investor takes 6% stake in LPL Financial, sending stock higher
September 23rd, 2015
Marcato Capital says shares of the independent broker-dealer are undervalued at current levels An activist hedge fund investor on Tuesday afternoon said it had taken a 6.3% stake in LPL Financial Holdings Inc., sending the independent broker-dealer’s stock price ...
$1 Trillion Asset Manager Says the Dollar Is Overvalued
September 23rd, 2015
Greenback has factored in prospect of first U.S. rate increase Dollar is undervalued against many Asian currencies, Kwok says The dollar is overvalued and is unlikely to extend gains versus the euro and yen unless the Federal Reserve raises ...
JPMorgan $12.5 Billion Short in Fed Systemic-Risk Charges
July 21st, 2015
JPMorgan Chase & Co. still has a shortfall of as much as $12.5 billion in meeting capital rules approved by the Federal Reserve on Monday. The Fed assigned capital charges totaling more than $200 billion for eight of the ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
