Joseph Eyre News
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JPMorgan Chase & Co., whose trading loss of more than $6.2 billion last year was fueled by the adoption of a formula that understated risks, has adopted yet another model.
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A former managing director at Altium Capital Ltd. was charged in an insider-trading ring and will face trial next year along with a former Deutsche Bank AG broker and four other men.
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Nasdaq OMX Group Inc.’s European derivatives market has pushed back its starting date as the U.K. securities regulator seeks further tests on its clearing system, according to four people familiar with the situation.
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Carl Esprey, who has worked as a portfolio manager at GLG Partners Inc., was one of the three men arrested yesterday in London on suspicion of insider trading, according to a person with knowledge of the matter.
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The Securities and Exchange Commission must move more quickly in pressing some fraud lawsuits, the U.S. Supreme Court ruled in a decision that may affect agencies across the government.
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European Union regulators vetoed a plan by Deutsche Boerse AG and NYSE Euronext to create the world’s biggest exchange after concluding that the merger would hurt competition.
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Close Brothers Group Plc, a British investment bank founded in 1878, lost a court challenge over a 4 million-pound ($6.2 million) market-abuse fine levied by the U.K.’s Financial Services Authority.
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Germany’s unilateral move to curb speculative trading of government bonds and some naked short selling last week forced lawyers to work long hours to interpret rules enacted with less than a day’s notice.
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Germany has largely failed to persuade other nations to follow its prohibition on naked short- selling and speculation on European government bonds, limiting the effect of the rules.
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UBS AG, Switzerland’s largest bank, faces a fine of about 45 million pounds ($71.7 million) for failing to detect billions in unauthorized trades by Kweku Adoboli, according to a person familiar with the situation.
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