Search Results for: Fed
CFTC Charges Hannes Tulving, Jr., through his company for a $17.8 Million Precious Metals Scheme
September 15th, 2015
At Least 381 Customers Nationwide Allegedly Defrauded in the Scheme The U.S. Commodity Futures Trading Commission (CFTC) today filed a civil Complaint against Defendants Hannes Tulving, Jr. of Newport Beach, California, and his company, The Tulving Company, Inc., charging them with ...
Deutsche Bank to close almost all Russian operations: sources
September 15th, 2015
Deutsche Bank (DBKGn.DE) has decided to close its Russian operations, apart from transaction banking services, two financial sources told Reuters on Monday. Such a move would make Russia the first casualty of a sweeping plan to shrink the group’s ...
Credit Suisse Reaches Tentative $85 Million Settlement on ‘Dark Pool’ Probe
September 15th, 2015
Bank to pay $30 million to New York, $55 million to federal authorities Credit Suisse Group AG, one of the biggest operators of a “dark pool,” reached a tentative agreement to pay around $85 million to New York and federal ...
China’s currency could double losses this year – economists
September 15th, 2015
Watch out! China’s currency is likely to tumble further before the end of the year, according to a CNNMoney survey of economists. The yuan, also called the renminbi, is expected to slide another 2.8% against the U.S. dollar by ...
China Stocks Pull Asian Markets Lower
September 14th, 2015
Investors are concerned about both a slowdown in China and this week’s U.S. Federal Reserve meeting China shares finished lower in tumultuous trading Monday, as weak data on Chinese factory output pulled prices down despite apparent efforts by Beijing ...
CFTC Grants Temporary Approval to Bitcoin Startup LedgerX
September 14th, 2015
LedgerX has received temporary approval from the US Commodities Futures Trading Commission to act as a swap execution facility. The bitcoin options startup applied for licensure last year and has received backing from Lightspeed Venture Partners and Google Ventures. ...
Big Banks Agree to Settle Swaps Lawsuit
September 14th, 2015
Dozen banks, Markit and International Swaps and Derivatives Association to pay combined $1.87 billion Wall Street’s biggest banks have agreed to a tentative settlement over allegations that they conspired to rig the market for credit derivatives. Twelve banks and ...
Gold price to test $1,100 level this week
September 14th, 2015
Gold’s retail prices in Dubai have dropped by nearly Dh2 per gram in one week The gold price could spike down again to test the $1,100 level this week while investors await the next US Federal Reserve’s main policy ...
Oil prices dip as demand stalls – IEA releases Oil Market Report for September
September 14th, 2015
Oil prices dipped on Monday in Asia as weakening demand weighed on markets, although U.S. futures received some support from reduced American drilling. Front-month Brent crude futures LCOc1 were down 37 cents at $47.77 per barrel at 0448 GMT. U.S. crude ...
Chinese shares lead Asia lower on economic fears
September 14th, 2015
Mainland Chinese shares led the rest of the region lower as a raft of government data over the weekend pointed to more signs of weakness in the Chinese economy. Growth in both fixed-asset investment, up 10.9% in August from a ...
