LONDON, June 12- Britain's financial watchdog is looking into a report that traders manipulated benchmark foreign exchange rates that are widely used by companies and funds. "The FCA is aware of these allegations and has been speaking to the relevant parties," a spokesman for Britain's financial services regulator said.
"Current policy has created systemic financial risks and potential structural problems for banks," the Federal Advisory Council noted, according to minutes of its meeting on May 17, which the Fed posted on its public website.
May 16- T. Rowe Price Group Inc Chief Investment Officer Brian Rogers backed keeping JPMorgan Chase& Co's Jamie Dimon in his dual roles of chairman and chief executive, offering valuable support from a top shareholder as a key governance vote at the bank approaches next week.
General Electric Co cuts its estimate for profit growth in its core industrial units, citing weakness in Europe and sliding wind turbine sales, unnerving Wall Street and pushing its stock down in morning trading. (GENERALELECTRIC-RESULTS/, moving shortly, by Ernest Scheyder, 1,000 words). McDonald's sees no restaurant rebound in April.
BOSTON, April 13- State Street Corp said on Saturday the top executive of its electronic foreign exchange trading business has left the company in a leadership shake-up. The departure of Clifford Lewis raises questions about the direction of Boston- based State Street's high-frequency trading platform for forex called Currenex.
BOSTON, April 13- State Street Corp said on Saturday the top executive of its electronic foreign exchange trading business has left the company in a leadership shake-up. The departure of Clifford Lewis raises questions about the direction of Boston- based State Street's high-frequency trading platform for forex called Currenex.
BOSTON, March 13- Massachusetts on Wednesday fined Deutsche Bank AG $17.5 million, saying it deceived clients in creating and marketing $10 billion worth of collateralized debt obligations.
BOSTON, March 13- Fidelity Investments has expanded its 3- year-old partnership with BlackRock Inc to offer its customers free trading of more exchange-traded funds, as the once-dominant mutual fund company strives to catch up in a faster-growing market.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."