Those interested in insider trading should pay close attention to trading in non-securities. Especially in recent years, some of the most important enforcement events have far from public equity exchanges.
The only solution is for each of us to pull our money from publicly traded stocks and bonds. It's not that the companies or the people who work for them are bad, but that the trading system is being manipulated by a few people who are driven to make as much money as they can in the shortest time possible.
In addition to admitting guilt, the banks will also pay fines. Barclays will pay $650 million, Citigroup $925, million J.P
But the bank's solution, the FT reported in May, is to focus on the latter. A video that Fan sent to employees -- complete
That’s pretty much how we get to the latest benchmark rigging scandal, this time in the “Wild West” $5.3 trillion-a-day world
Among the banks named as defendants include Bank of America Corp, Barclays PLC, Citigroup Inc, Credit Suisse Group AG, Deutsche
This happened for two reasons: greed and fear. Banks were manipulating their estimate of these rates in order to make money on tiny fractional differences: to the tune of millions of dollars per day.
When banking is so powerful that the very business the banks are chartered to serve cannot discipline its business unfriendly behavior through market pressure, we are in a serious state of affairs. What to do?
The move comes after Goldman, JPMorgan Chase & Co and Deutsche Bank banned their dealers from using online chatrooms. Recently
"This has always been about more than FX," the source said, adding that the casual nature of online chat rooms increased
Regulators in the United States, Hong Kong, Singapore, the United Kingdom, Switzerland and elsewhere are investigating potential manipulation of the market for foreign currency, sometimes called FX or foreign exchange.
Rabobank's $1.1 billion dollar settlement can serve as an opportunity to take stock again of what the Libor manipulation represents and where it stands.
Dudley's comments come as the world’s biggest banks collectively face tens of billions of dollars in potential fines and
AMSTERDAM, Oct 29 (Reuters) - U.S. and European regulators ordered Dutch lender Rabobank to pay $1.07 billion to settle allegations
Deutsche Bank declined to comment on the report. (Reporting by Arno Schuetze; Editing by Alison Williams) The talks follow
What has become of our center? If history is any guide, business leaders themselves have a critical role to play.
WASHINGTON, Sept 25 (Reuters) - Three former brokers at ICAP Plc, the world's biggest interdealer-broker, face criminal charges
The other banks include Lloyds Banking Group Plc, Westlb AG, Royal Bank of Scotland, Cooperatieve Centrale Raiffeisen Boerenfleenbank
Hello Congress, Federal Reserve, Commodities Futures Trading Commission, Federal Trade Commission, Department of Justice, 1600 Pennsylvania Avenue, is anybody listening? Or do the Big Boys just get to play while we pay and pay!?