Search Results for: Fed
Dollar/yen hits one-month high as investors reassess stance, reverse bets
August 31st, 2016
The dollar hit a one-month high against the yen on Wednesday as investors reversed bets made against the greenback on speculation that the U.S. Federal Reserve would not hike interest rates anytime soon. The U.S. currency has gained almost ...
SWIFT Discloses More Cyber Thefts
August 31st, 2016
SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February’s high-profile $81 million heist at Bangladesh Bank. In a private letter ...
Cryptocurrency exchanges under attack, risking repeat of Mt. Gox debacle
August 31st, 2016
When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cybertheft — the second largest by an exchange since hackers took roughly ...
SEC Whistleblower Program Surpasses $100 Million in Awards
August 31st, 2016
The Securities and Exchange Commission’s awards to whistleblowers have surpassed the $100 million mark with the program’s second-largest award of more than $22 million announced earlier today. The whistleblower program was established by Congress to incentivize whistleblowers with specific, timely and ...
Oil Falls to Two-Week Low as U.S. Supply Gain Seen, Dollar Rises
August 31st, 2016
Crude stockpiles climbed 1.3 million barrels: Bloomberg survey Commodities drop, dollar rises to one-month high versus peers Oil dropped to a two-week low before a government report that’s projected to show U.S. crude stockpiles increased, while a strengthening dollar ...
SEC Adopts Amendments Providing Authorities Access to Data Obtained by Security-Based Swap Data Repositories
August 30th, 2016
The Securities and Exchange Commission today adopted amendments to a rule that would require security-based swap data repositories to make data available to regulators and other authorities, allowing them to share information and more effectively oversee the security-based swap ...
Emerging Currencies Rebound With Shares After U.S. Stocks Rally
August 30th, 2016
Overseas funds net buyers in South Korea, Taiwan and Thailand Concerns of higher U.S. rates are fading, according to KTB Emerging-market stocks rose, heading for their biggest gain in more than a week, as an overnight rally in U.S. ...
Fintech Startup Transferwise Moves Away From Banks
August 30th, 2016
Transferwise Inc., the global money transfer startup, is getting ready to free itself from relying on banks. The five-year-old London-based company is known for splashy ad campaigns. These feature nearly-nude employees as a way to show how much more ...
Oil prices rise as dollar comes off two-week high
August 30th, 2016
Oil futures edged up on Tuesday as the U.S. dollar backed off a two-week high hit the day before, although doubts that crude producers would agree next month to an output freeze continued to drag on prices. The U.S. ...
HSBC executive pleads not guilty to US charges in forex-related scheme
August 30th, 2016
A senior HSBC executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank’s clients. The plea on wire fraud and conspiracy charges by Mark ...
