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Tuesday, June 18, 2013
B of A Gave $500 Bonuses to Foreclose on Clients: Lawsuit
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Bank of America (BAC) rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclo...
G8 leaders agree tax evasion measure
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Leaders of the G8 major economies have agreed new measures to clamp down on money launderers, illegal tax evaders and corporate tax avoider...
Rotting, Decaying And Bankrupt Detroit
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Eventually the money runs out. Much of America was shocked when the city of Detroit defaulted on a $39.7 million debt payment and announ...
Saturday, June 15, 2013
Deutsche Bank "Is Horribly Undercapitalized... It's Ridiculous
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Back in May 2012, [12] when we were making fun at the latest iteration of the now fatally discredited European stress tests, we took the fi...
Friday, June 14, 2013
eGold holders have until October 1st 2013 to file claim
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UPDATE ON CLAIM FILING PROCESS: THE CLAIM FILING PROCESS FOR ELIGIBLE VAP ACCOUNTS BEGINS ON MONDAY, JUNE 3, 2013. Account holders will h...
Singapore authorities rap banks in rate rigging probe
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Singapore's central bank has censured 20 banks for attempting to rig benchmark interest rates. The Monetary Authority of Singapore (M...
Thousands of firms swap data with government agencies
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Thousands of technology, finance and manufacturing companies are working closely with U.S. national security agencies, providing sensitive i...
Thursday, June 13, 2013
Reuters Gives Elite Traders Early Advantage
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A closely watched consumer confidence number that routinely moves markets upon release is accessed by an elite group of traders, for a fee,...
CBOE fined for failure to police naked shorting
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The Chicago Board Options Exchange has agreed to pay a $6 million fine relating to what regulators call "various systematic breakdowns...
Wednesday, June 12, 2013
Banks hoard nearly $1 Trillion at Fed
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FORTUNE -- U.S. banks now have $1 trillion at the Federal Reserve. It's far more than they have ever had before, and it could be a big ...
MetaQuotes clashes with ZuluTrade, Myfxbook, Tradency and Tradeo – Shakeup in Copy-Trading World
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MetaQuotes, the company behind the popular trading software MetaTrader 4, has warned brokers not to work with Zulutrade, Myfxbook, Tradency ...
Tuesday, June 11, 2013
FX Traders manipulate fix rate
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Traders at some of the world’s biggest banks manipulated benchmark foreign-exchange rates used to set the value of trillions of dollars of ...
Citi could lose 7 Billion due to Forex
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Citigroup Inc. (C) could lose as much as $7 billion on currency swings if Charles Peabody is right, putting the analyst at odds with peers ...
Monday, June 10, 2013
Treasury Yields Spike To New 14 Month Highs
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30Y rates are up 4bps and 10Y rates up 5bps as a combination of MBS convexity hedging, Taper chatter, and growth hopiness flutter across th...
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