Dubai and Abu Dhabi are finding that outperforming stock markets aren’t enough to lure initial public offerings as restrictive regulations and a lack of trading volume persuade local companies to list in London.
Every business day in London, five banks meet to set the price of gold in a ritual that dates back to 1919. Now, dealers and economists say knowledge gleaned on those calls could give some traders an unfair advantage when buying and selling the precious metal.
The U.S. Commodity Futures Trading Commission is poised to deny requests from Wall Street firms for a broad delay of rules requiring they move their swaps transactions onto government-mandated systems by Oct. 2.
Rabobank Groep, the Netherlands’ biggest mortgage lender, will pay about $1 billion to resolve regulators’ claims that it tried to manipulate benchmark interest rates, two people with knowledge of the matter said.