Search Results for: Barclays
Invesco Fined, EU Stress Test, Libor Charges: Compliance
April 29th, 2014
Invesco Perpetual (IPE) was fined 18.6 million pounds ($31.3 million) for failing to comply with risk limits or tell clients about the use of derivatives as leverage in their funds. Invesco Perpetual, the largest retail investment manager in the ...
Deutsche Bank Profit Beats Estimates on Trading Revenue
April 29th, 2014
Deutsche Bank AG (DBK), Europe’s largest investment bank by revenue, said first-quarter profit declined less than expected as trading revenue exceeded analysts’ estimates. Net income dropped 34 percent to 1.08 billion euros ($1.5 billion) in the three months through ...
European Index Futures Gain as Asia Falls; Nickel Rallies
April 28th, 2014
European equity futures rose while Asian stocks fell, pushing the regional index to an almost two-week low, as investors weighed company earnings, while the Korean won gained. Wheat climbed with nickel amid prospects for additional sanctions against Russia over ...
FCA Said to Observe Banks’ London Gold-Fixing Calls
April 25th, 2014
Regulators are stepping up their scrutiny of how gold prices are set, with officials from Britain’s Financial Conduct Authority visiting Societe Generale SA (GLE) to observe the so-called London fixing process, two people with knowledge of the matter said. ...
High-Frequency Fight Starts in Foreign Exchange
April 17th, 2014
Foreign-exchange dealers say they have the solution to the high-frequency trades eroding banks’ profits across financial markets. A currency-dealing platform known as ParFX, established in 2011 by firms from Deutsche Bank AG to Citigroup Inc., was approached last month ...
China consumer prices rise, but industry deflation persists
April 11th, 2014
China’s consumer inflation rate increased in March as fresh food prices jumped, but persistent deflation in the industrial sector was another signal of weak demand and slowing growth in the world’s second-largest economy. The consumer price index (CPI) rose ...
The billion-dollar bash – how post-crisis investigation work is changing the way law firms advise banks
April 11th, 2014
With banks setting aside eye-watering sums of money to meet liabilities generated by the fallout from the financial crash, in-house legal departments and law firms are having to rethink their business models. Alex Newman reports By any standards, $23bn ...
Deutsche Bank Said to Find Improper Communication in FX Case
April 10th, 2014
Deutsche Bank AG (DBK) put a London-based currency saleswoman on leave last month for inappropriate communication with the Monetary Authority of Singapore, a person familiar with the matter said. No other details on Kai Lew’s communications with MAS were ...
Vivendi Selling SFR to Altice in $23 Billion Deal, Hard-Fought Win for Drahi
April 7th, 2014
Billionaire Patrick Drahi’s Altice (ATC) SA won the bidding contest for Vivendi SA (VIV)’s French phone unit, beating a government-backed offer from Bouygues SA (EN) by agreeing to a deal valued at more than 17 billion euros ($23 billion). ...
UBS Said to Suspend FX Traders in New York, Zurich and Singapore
March 27th, 2014
UBS AG suspended foreign-exchange traders in the U.S., Singapore and Switzerland as its investigation into the alleged rigging of currency markets widened, according to a person with knowledge of the matter. They include Onur Sert, an emerging-markets spot trader ...
