The chief executive officer of Sharps Pixley Ltd., who has traded gold for 30 years, challenged a study that says the market’s price-setting mechanism is susceptible to manipulation, compromising the $19.6 trillion of the precious metal that trades annually.
Argentina’s central bank is investigating the dismissal of a Deutsche Bank AG currency trader to determine whether it was linked to a warehouse fire that destroyed industry documents this week in Buenos Aires.
Steven Cohen, who agreed to close down his SAC Capital Advisors LP as part of a settlement with the U.S. government, will rename the firm and add a layer of management to oversee traders as the hedge fund becomes a family office, said a person familiar with the firm.
Deutsche Bank AG hired Greg Kuppenheimer of Goldman Sachs Group Inc. as a managing director and co-head of equity structuring for North America, at least the third senior-level hire from its U.S. rival in two months.
Eric Ben-Artzi, a former quantitative risk analyst for Deutsche Bank AG, alleged that Europe’s biggest lender engaged in a multibillion-dollar securities violation. Deutsche Bank denied the allegation.