U.S. Sees Talks with China on Corporate Audits
NEW YORK (Reuters) - U.S. regulators have made another step in normalizing relations with China on oversight of corporate auditing aimed at the many Chinese companies listed on U.S. stock exchanges....
View ArticleFrench Banks Struggle with Swap Conflicts
NEW YORK (IFR) - On the heels of an international meeting regarding the international reach of Dodd-Frank, French banks are leading the European charge to sound the alarm that specific disclosures set...
View ArticleU.S. Barclays Action May Set Precedent for E.U. Regulators
LONDON (Reuters) - Europe's energy market regulator said it may take a recent U.S. case against Barclays as a precedent to move against the practice of loss-leading trading in its own rules against...
View ArticleSocial Media Shakes Up Solitary Online FX Trading
LONDON (Reuters) - The solitary world of online foreign exchange trading is emerging from the shadows as solo investors turn to specialist social media networks to link up with their peers and seek...
View ArticleWoori Readies $200 Million Seed Capital as Asia Hedge Funds Seek Backers
HONG KONG (Reuters) - Singapore-basedis raising a $200 million seeding fund with French joint venture partner NewAlpha to invest in capital-starved Asian hedge funds looking for backers. A seeding fund...
View ArticleCME Group Sues to Freeze U.S. CFTC Swap Reporting Rules
WASHINGTON (Reuters) - Exchange operator CME Group asked a U.S. court on Thursday [Nov. 8] to prevent the chief U.S. derivatives regulator from enforcing swap reporting rules passed after the 2008...
View ArticleOpinion: 'Fiscal Cliff' Impact May Hobble Hedge Fund FX Flows
Neal Kimberley is an FX market analyst for Reuters. The opinions expressed are his own. Among those peering most anxiously over the U.S. "fiscal cliff" are arguably hedge fund foreign exchange sales...
View ArticleJohn Henry to Close Commodity Trading Firm at Year-End
EDITOR'S NOTE: This story has been updated throughout. BOSTON (Reuters) - , who made a large enough fortune in commodities to become the principal owner of the Boston Red Sox, plans to close his...
View ArticleU.K.'S SFO Expecting Major Developments in LIBOR Probe
LONDON (Reuters) - Britain's Serious Fraud Office said on Friday [Nov. 9] it expects significant developments in its investigations into the rigging of LIBOR interest rates in the near future. The...
View ArticleCME Lawsuit Opens New Front against U.S. Finance Watchdogs
WASHINGTON/CHICAGO (Reuters) - A lawsuit by U.S. exchange operator CME Group added to a groundswell of legal challenges facing regulators rewriting global financial rules, potentially opening up a new...
View ArticleUBS Trader Relying on Public Dislike of Banks, Jury Told
LONDON (Reuters) - Former UBS traderwas accused on Friday [Nov. 9] of trying to rely on public hostility towards banks as a defence in his rogue-trading trial. Prosecutor Sasha Wass urged the jury to...
View ArticleEx-Goldman Trader Accused of $118 Million Loss Denies Fraud
EDITOR'S NOTE: This story has been updated throughout. NEW YORK (Reuters) - A lawyer for a former Goldman Sachs Group Inc. trader denied on Friday [Nov. 9] U.S. civil accusations that his client had...
View Article-Bank of Korea Could Purchase Bonds of Financial Rescue Fund in Europe
Global Banking News-November 13, 2012--Bank of Korea could purchase bonds of financial rescue fund in Europe(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 13 November 2012 Bank...
View ArticleHSBC Gets CBUAE Approval for Lloyds TSB ME Onshore Takeover
HSBC Bank Middle East Limited has received the Central Bank of the UAE's approval for its acquisition of Lloyds Banking Group's (Lloyds TSB Middle East) onshore assets and liabilities, comprising of...
View ArticleFirst Gulf Bank Signs $900 Million Loan Facility
First Gulf Bank (FGB) has signed a new three year $900 million senior unsecured Term Loan Facility with a group of international banks. The deal size, initially announced on September 13, 2012 at $800...
View Article-Independent Bank Reports Closure of Central Bancorp Acquisition
Global Banking News-November 13, 2012--Independent Bank reports closure of Central Bancorp acquisition(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 13 November 2012...
View Article-Central Bank Chief Says Rate Cuts Could Be Initiated to Bring Down Value of...
Global Banking News-November 13, 2012--Central bank chief says rate cuts could be initiated to bring down value of Lira(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 13...
View Article-Turkish Central Bank Governor Calls on Private Sector to Refrain from...
Global Banking News-November 13, 2012--Turkish central bank governor calls on private sector to refrain from excessive borrowing(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News -...
View Article-Wealth Unit of BNP Named Best in France
Global Banking News-November 13, 2012--Wealth unit of BNP named best in France(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 13 November 2012 BNP Paribas Wealth Management...
View Article-Spanish Banks Announces Moratorium on Evictions
Global Banking News-November 13, 2012--Spanish banks announces moratorium on evictions(C)2012 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 13 November 2012 Commercial banks in Spain...
View Article