Securities Derivatives

  • NEW YORK— Credit Suisse is paying $5.3 billion to settle claims that it misled investors about the quality of mortgage-backed securities that it sold in the lead-up to the 2008 financial crisis. Some Credit Suisse employees referred to the mortgages as "bad loans" and "complete garbage," according to the Justice Department. Credit Suisse will pay a $2.5 billion...

  • NEW YORK, Jan 18- Credit Suisse formally agreed to pay $5.3 billion to settle with U.S. authorities over claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Wednesday. Zurich- based Credit Suisse will pay a $2.48 billion cash penalty and provide $2.8...

  • *Futures up: Dow 6 pts, S&P 0.75 pts, Nasdaq 3.75 pts. Jan 18- U.S. stock index futures were little changed on Wednesday ahead of another set of big bank earnings and Federal Reserve Chair Janet Yellen's speech. *The Trump rally, which drove Wall Street to record highs, has been showing signs of fatigue since the start of the year as investors get increasingly nervous...

  • HONG KONG, Jan 18- Asian stock markets stabilized near three-month highs on Wednesday, helped by Hong Kong and Chinese shares, as investors judged U.S. The firmness in Asia is expected to extend to Europe with stock futures in key European markets pointing to a higher start. "Trump's comments on the dollar has helped relieve downward pressure on the renminbi and on...

  • SAO PAULO, Jan 17- Mexico's peso and the Brazilian real strengthened against the dollar on Tuesday as U.S. traders returned from a long weekend in which President-elect Donald Trump said the greenback's strength against the Chinese yuan "is killing us." Brazil's central bank also sold $600 million worth of traditional currency swaps, which function like dollar...

  • Jan 17- Wall Street was set to open lower on Tuesday as investors sought safe-haven assets following British Prime Minister Theresa May's comments on Brexit and U.S. May said Britain would leave the European Union's single market when it exits the EU, but the final deal would be put to a parliamentary vote, helping U.S. stock futures trim some losses.

  • Jan 17- U.S. stock index futures fell the most this year as investors sought safe-haven assets following President-elect Donald Trump's comments on the dollar and British Prime Minister Theresa May's Brexit speech. *May said her plans for Britain's exit from the European Union mean that it could no longer remain in the single market but she would seek a deal...

  • Jan 13- U.S. stock index futures gave up some gains on Friday after disappointing quarterly reports from Bank of America and Wells Fargo. Wells Fargo was down 1 percent at $53.95 after it reported a fall in profit and its revenue fell short of market expectations. "There is a lot of optimism regarding the financial sector but any kind of cautious statement from them...

  • Jan 12- U.S. stock index futures fell on Thursday after President-elect Donald Trump gave little clarity on his campaign-trail promises of boosting economic growth that had powered Wall Street for two months. *Trump, in his first news conference on Wednesday, gave no details on tax cuts or infrastructure spending, and instead lashed out at U.S. spy agencies and...

  • Jan 11- U.S. stock index futures were little changed on Wednesday ahead of President-elect Donald Trump's first formal news conference where he is expected to give more insight into his plans to boost economic growth. *Trump, who takes office on Jan. 20, is scheduled to speak in New York at 11:00 a.m. ET. *New York Federal Reserve President William Dudley is expected...

  • BOSTON, Jan 11- Donald Trump once described Jamie Dimon as "the worst banker in the United States," but the president-elect has helped make the boss of JPMorgan Chase& Co $50 million richer. Trump's proposed policies for lower taxes, less Wall Street regulation and more infrastructure spending have energized the U.S. stock market since the real estate magnate's...

  • BOSTON, Jan 11- Donald Trump once described Jamie Dimon as "the worst banker in the United States," but the president-elect has helped make the boss of JPMorgan Chase& Co $50 million richer. Trump's proposed policies for lower taxes, less Wall Street regulation and more infrastructure spending have energized the U.S. stock market since the real estate magnate's...

  • Jan 10- U.S. stock index futures were little changed on Tuesday as investors wait for the quarterly corporate earnings season, with Wall Street at record levels. *Wall Street has been on a record-breaking surge since the Nov. 8 election of Trump, who has pledged tax cuts, lighter regulation and fiscal stimulus. JPMorgan, Bank of America and Wells Fargo reporting...

  • LONDON, Jan 9- Hedge funds amassed a record bullish position in crude oil futures and options by the end of last year, which helped drive crude prices sharply higher in the final six weeks of 2016.. The first position reports of the new year show hedge funds actually cut their combined position in the three main contracts by 6 million barrels in the week to Jan. 3.

  • NEW YORK, Jan 9- Post-trade provider the Depository Trust& Clearing Corporation will use blockchain technology this year to rebuild its platform that processes $11 trillion worth of credit default swaps, as Wall Street intensifies efforts to take advantage of the emerging technology. It expects the new blockchain-enabled Trade Information Warehouse to go...

  • LONDON, Jan 6- If you believe the past fortnight's shift in the pricing of currency market derivatives, bankers' concerns that Marine Le Pen may win French presidential elections in May and send another political shockwave through the euro zone may be easing. That move was also fed by stronger dollar expectations that kicked in after Donald Trump won the U.S....

  • Jan 5- U.S. stock index futures were flat on Thursday, a day after Federal Reserve minutes showed policymakers thought President-elect Donald Trump's pro-growth policies could prompt faster interest rate hikes. *Almost every Fed policymaker said Trump's promises of tax cuts, infrastructure spending and deregulation could stoke higher inflation,...

  • WASHINGTON, Jan 3- The top U.S. derivatives and commodities regulator officially offered his resignation on Tuesday, saying he would step down on Jan. 20, the day of the presidential inauguration. Commodity Futures Trading Commission Chairman Timothy Massad had said he expected to leave once President-elect Donald Trump took office and he hoped for a smooth...

  • Jan 3- A jump in oil prices and upbeat data from China lifted U.S. stock index futures on the first trading day of the new year, with Dow futures advancing by triple-digit points. *China's factory activity picked up more than expected in December giving the manufacturing sector a solid boost heading into 2017, according to a private business survey.

  • *Euronext to buy LCH Clearnet SA for 510 mln euros. The European Commission has expressed antitrust concerns about the $28 billion merger and the impact on the clearing of derivatives contracts in particular. The Commission, in a document on the issue, has not made clear if the sale of the French clearing business, LCH Clearnet SA, would be enough to dispel its...