Search Results for: Fed
Deutsche Bank Agrees to Pay $7.2 Billion
January 18th, 2017
Deutsche Bank Agrees to Pay $7.2 Billion for Misleading Investors in its Sale of Residential Mortgage-Backed Securities Deutsche Bank’s Conduct Contributed to the 2008 Financial Crisis The Justice Department, along with federal partners, announced today a $7.2 billion settlement ...
Gold Falls With Yen as Haven-Asset Flight Eases: Markets Wrap
January 18th, 2017
Asian emerging-market currencies rise on dollar weakness Yen retreats as the currency ends seven days of strength The flight to haven assets eased following the biggest drop in the dollar since July with moves in the yen, Treasuries and ...
Oil rises on weaker dollar, U.S. production outlook caps gains
January 18th, 2017
Oil prices rose on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. U.S. West Texas Intermediate (WTI) crude oil futures were trading up 17 cents at $52.65 ...
Gold price boosted by hard Brexit fears
January 16th, 2017
Prospect of leaving single market – plus doubts over Donald Trump effect in US – sees traders rush to ‘safe haven’ Gold is being boosted this morning as concerns over a hard Brexit dominate the market commentary. Reports indicate ...
Malice in Wonderland
January 15th, 2017
Malice in Wonderland Recently, I was quietly reading in my armchair, eyes closing and trying to stay awake, and the next moment I was falling down a rabbit hole. After falling into the void, I found myself outside a ...
Broker ITG to pay more than $24.4 million to settle charges
January 13th, 2017
The Securities and Exchange Commission today announced that broker ITG agreed to pay more than $24.4 million to settle charges that it violated federal securities laws when it prompted the issuance of American Depository Receipts (ADRs) without possessing the ...
BNY Mellon has agreed to pay a $6.6 million penalty
January 13th, 2017
The Securities and Exchange Commission today announced that BNY Mellon has agreed to pay a $6.6 million penalty to settle charges stemming from miscalculations of its risk-based capital ratios and risk-weighted assets reported to investors. An SEC investigation found ...
Takata to plead guilty to criminal wrongdoing in defective airbags probe; to pay $1 billion
January 13th, 2017
Takata Corp. is expected to plead guilty to criminal wrongdoing and pay $1 billion over its handling of defective airbags, the The Wall Street Journal reported Thursday. The auto parts supplier has been under federal investigation since its rupture-prone airbags were ...
Second Forex Dealer pleads guilty to conspiring to fix prices in the FX market
January 13th, 2017
A foreign currency exchange (FX) dealer became the second person to plead guilty to conspiring to fix prices in the FX market, the Justice Department announced today. According to the one-count information filed in the U.S. District Court for ...
Fiat Chrysler accused of diesel emissions cheating
January 13th, 2017
EPA Notifies Fiat Chrysler of Clean Air Act Violations FCA allegedly installed and failed to disclose software that increases air pollution from vehicles The U.S. Environmental Protection Agency (EPA) today issued a notice of violation to Fiat Chrysler Automobiles ...
