Search Results for: Fed
Welcome To The Currency War, Part 21: Japan Goes Negative; US To Return Fire In 2016
February 1st, 2016
Well that didn’t take long. Two weeks of falling share prices and the European and Japanese central banks caved. First the ECB promised new stimulus — which the markets liked — and then the BoJ upped the ante with ...
BaFin has published a report on FinTechs: Young IT companies on the financial market
February 1st, 2016
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) of Germany, has published a report on the topic FinTechs: Young IT companies on the financial market. According to BaFin, an internal BaFin project group started work on the topic ...
Barclays, Credit Suisse Charged With Dark Pool Violations
February 1st, 2016
The latest update regarding the charges is that Barclays and Credit Suisse Agree to Dark Pools Settlements Barclays Plc and Credit Suisse Group AG agreed to settle allegations by New York’s top cop and the U.S. Securities and Exchange ...
KCG announces Fourth Quarter 2015 Results
February 1st, 2016
KCG announces Consolidated Loss of $0.05 per Diluted Share for the Fourth Quarter of 2015 CG reports consolidated revenues of $262.7 million and pre-tax loss of $7.1 million for the quarter KCG increases tangible book value to $14.89 per ...
Big Companies, Huge Problems
January 28th, 2016
Apple is far from the only iconic US company that’s signaling a global slowdown. Three more are in the news today: “Caterpillar warns equipment sales still falling (CNBC) – Caterpillar saw retail sales of machinery fall 16 ...
China shares lower, but ‘real economy’ sound says state media
January 28th, 2016
China’s volatile shares were lower again on Thursday, taking losses this month to about 23 percent or 12 trillion yuan ($1.8 trillion), while state media insisted that the market ructions did not reflect the real economy. The benchmark Shanghai ...
China shares tumble again, taking 2016 losses to $2 trillion
January 27th, 2016
Chinese shares fell sharply again on Wednesday after plunging in the previous session, taking losses in 2016 to nearly 25 percent or 13 trillion yuan ($2 trillion). The benchmark Shanghai Composite Index SSEC was down 3 percent in afternoon ...
U.S. judge asked to remove lead lawyers for GM switch plaintiffs
January 26th, 2016
A U.S. judge was asked on Monday to remove three lawyers from their leadership roles in litigation against General Motors Co (GM.N) over a faulty ignition switch linked to nearly 400 injuries and deaths, after the stunning collapse last ...
OPEC, Russia talk of oil teamwork, but Saudi talks of investment
January 26th, 2016
Senior OPEC and Russian oil industry officials stepped up vague talk on Monday of possible joint action to remedy one of the worst supply gluts in decades, while Saudi Arabia signaled its resolve to allow the market to balance ...
J.P. Morgan to Pay $1.42 Billion to Settle Most Lehman Claims
January 26th, 2016
Deal doesn’t resolve all of failed investment bank’s claims against J.P. Morgan J.P. Morgan Chase & Co. has agreed to pay the remnants of Lehman Brothers Holdings Inc. $1.42 billion in cash to settle most of the failed investment bank’s ...
