NEW YORK, Dec 6- Former Goldman Sachs Group Inc trader Matthew Taylor was sentenced to serve nine months in prison and pay $118 million in restitution to his former employer after he pleaded guilty to pursuing an unauthorized $8.3 billion futures trade in 2007..» Read More
Iran has indicated that its threat to cut oil supplies to European states in order to pre-empt a European Union oil embargo that comes into effect in July may be only a symbolic one.
The euro will weaken into the Spring until a deal is in place with respect to the Greek debt crisis, according to Michael Woolfolk, BNY Mellon; with Ben Lichtenstein, Tradersaudio.com, who weighs in on the extremely low interest rate environment on the dollar.
Treasury prices are rallying after a trio of disappointing economic reports, with CNBC's Rick Santelli.
European banks are preparing to tap the European Central Bank’s emergency funding scheme for up to twice as much as the ECB supplied in its debut 489 billion euro auction last month, providing further evidence of the sector’s liquidity squeeze. The Financial Times reports.
European banks are preparing to tap the European Central Bank’s emergency funding scheme for up to twice as much as the ECB supplied in its debut €489bn auction last month, providing further evidence of the sector’s liquidity squeeze. The FT reports.
Dennis Gartman, The Gartman Letter, discusses the outlook for the precious metal, saying there is still plenty of upside in gold, as Europe fails to reach a debt deal.
The total U.S. cattle herd size is at a 60-year low. What impact will this have on beef prices? Lindsay Davis, Alamo Commodities president, explains.
Greece’s finance minister angrily rejected a German plan for the euro zone to impose a budget overseer onto Athens, saying it would improperly force his country to choose between “financial assistance” and “national dignity”. The FT reports.
BNP Paribas, France’s largest bank by assets, has put on the block up to $11 billion of loans to oil and gas companies, the Financial Times reports.
Last summer, some of America’s largest banks secretly stocked their cash machines with the maximum possible supply of notes. The reason? In July 2011, the bankers feared that the US might be about to suffer a technical default, because Congress could not agree on measures to raise the debt ceiling. The FT reports.
Investors cannot be counted on to make rational choices so regulators need to “step into their footprints” and limit or ban the sale of potentially harmful products, the head of the UK’s new consumer protection watchdog said on Tuesday. The FT reports.
How to play a spike in the VIX, with Fast Money traders, Guy Adami and Joe Terranova.
France and Germany are to call for a relaxation of global bank capital rules to prevent lending to the real economy being choked off, setting them at odds with the UK’s stricter approach to banks. The FT reports.
Three years ago, when the worst financial and economic crisis since the 1930s gripped the global economy, the Financial Times published a series on “the future of capitalism”. Now, after a feeble recovery in the high-income countries, it has run a series on “capitalism in crisis”. Things seem to be worse, the Financial Times reports.
UK homeowners could face higher mortgage costs and greater risk of foreclosure next year because of an obscure clause in the bank capital directive being worked on by the European parliament. The FT Reports.
Jeff Kilburg, TreasuryCurve, discusses the play on the dip in the precious metal, as oil prices slip.
Oil falls below $100 on initial Keystone reports, with CNBC's Sharon Epperson.
Four Wall Street banks were on Tuesday finalizing bids for $7 billion of mortgage-related securities that used to belong to AIG and are due to be auctioned later this week by the Federal Reserve Bank of New York. The FT reports.
“Shadow banking” must be dragged into the harsh light of day and both it and global banks must be forced to serve the real economy, one of the world’s top regulators has warned. The FT reports.
Jon Najarian, OptionMONSTER.com, looks at a new volatility metric for emerging markets.
Gold dove on the jobs report, then soared. Here's why.
Siegel and Wien disagree over how much the Fed has driven this year's rally.
Blackstone's Byron Wien and Wharton's Jeremy Siegel have at it in a wide-ranging debate on the market and the economy, with CNBC's Jackie DeAngelis and the Futures Now Traders.