New York Attorney General Eric Schneiderman has announced a $100 million, 44-state settlement with Barclays Bank and Barclays for “fraudulent and anticompetitive conduct” involving the manipulation of USD Libor (London Interbank Offered Rate) and other benchmark interest rates.
What are the 27 other EU countries hoping to get out of Brexit talks? Bloomberg reporters put that question to governments across the continent and came away with a complex web of priorities and red lines.
Two years ago, the European Central Bank cut interest rates below zero to encourage people such as Heike Hofmann, who sells fruits and vegetables in this small city, to spend more.
One year after China roiled markets by devaluing its currency, the nation’s central bank appears to be firmly back in control.
A former senator in Vladimir Putin’s United Russia party directed dirty-money flows for mobsters in Moscow before he was named a deputy head of the central bank last year, according to investigators in Spain.
The US Financial Industry Regulatory Authority (FINRA) has fined Deutsche Bank $12.5 million for “significant supervisory failures related to research and trading-related information it disseminated to its employees…over internal speakers commonly known as squawk boxes”.
Since the 2008 financial crisis, policy makers around the world have put new rules in place to make banks less risky and more transparent. They’re confident that these changes have made the financial system safer and eliminated the need for taxpayer bailouts. But as Julius Caesar said: “Men willingly believe what they wish to be true.”
TriOptima announces that 11 CME Group IRS clearing members eliminated 12.5 trillion MXN ($664 billion) notional outstanding in the first triReduce multilateral compression cycle for cleared Mexican peso (MXN) interest rate swaps (IRS).
Jet.com Inc.’s decision to scrap its ambitious plan to challenge Amazon.com Inc. in favor of a $3.3 billion sale to Wal-Mart Stores Inc. marks the third time in recent weeks a cash-guzzling startup has chosen to sell.
Shares rose in Europe and Asia on Tuesday while sterling fell to its weakest in a month against the dollar on the prospect of easier monetary policy in Britain following its June vote to leave the European Union.
The British pound fell for a fifth day, weighed down by a loosening monetary policy, as New Zealand’s dollar retreated with commodities. Asian shares climbed to a one-year high as Chinese inflation data added to signs of stabilization in the world’s second-largest economy.
For Japanese investors hunting for yield but unwilling to take on currency risk, Italy really is “the beautiful country.”
European stocks rose slightly in early morning trade Tuesday, led by buoyant energy shares.