The Financial Stability Board said work should also start on Libor alternatives, such as so-called "nearly risk-free reference rates."» Read More
WASHINGTON, June 17- The pricing model used by U.S. stock exchanges to attract liquidity came under fire on Tuesday, as several Wall Street executives called for ending the practice and two U.S. senators raised concerns about the potential conflicts it creates.
A subsequent merger of Williams' MLP, Williams Partners LP, with Access, will, if successful, create one of the largest MLPs by enterprise value- close to $100 billion.
SYDNEY/ SINGAPORE, June 12- Australian regulators are ramping up their investigation into the country's banks over fixing of the benchmark inter-bank interest rates and currencies, two sources with direct knowledge of the matter told Reuters.
NEW YORK, June 11- House Majority Leader Eric Cantor's shocking defeat isn't likely to have much effect on U.S. financial markets-- unless his departure emboldens Tea Party Republicans to again threaten a government shut-down over the debt ceiling next year, investment strategists said.
NEW YORK/ WASHINGTON, June 10- A former Rabobank NV trader pleaded guilty on Tuesday for his role in manipulating Libor, becoming the first person to admit guilt in a worldwide probe into alleged manipulation of interest rate benchmarks. District Judge Jed Rakoff in Manhattan, the U.S. Department of Justice said.
WASHINGTON/ NEW YORK, June 10- A former Rabobank NV trader on Tuesday pleaded guilty for his role in manipulating the Yen Libor benchmark interest rate, the U.S. Department of Justice said. District Judge Jed Rakoff in Manhattan, the Justice Department said.
Funds of hedge funds continue to lose assets, but a handful of top firms continue to consolidate market share.
HONG KONG, June 6- Shares in China's Qingdao Port International Co Ltd weakened in their Hong Kong trading debut on Friday amid concern that the company could be hurt by a probe into metal financing at the world's seventh busiest port.
BEIJING, June 5- Stronger foreign and domestic demand probably helped to stabilize China's economy in May, boosting growth in exports, factory production and retail sales, a Reuters poll showed.
NEW YORK, June 2- "Dark pools" owned by five big banks account for around half of all trades on alternative trading systems, exchange-like trading platforms that critics blame for making the markets less transparent, according to a weekly report released on Monday.
NEW YORK, May 30- Twelve major banks asked a U.S. judge on Friday to throw out a consolidated antitrust lawsuit accusing them of colluding to rig prices in the $5 trillion- a-day foreign exchange market, saying the plaintiff investors had failed to properly allege the existence of a conspiracy.
Investors rejected the pay plans of 10 of the world's biggest banks as anger over excessive bonuses soared in both Britain and the United States.
Royal Bank of Scotland will scale back business and cut hundreds of jobs in response to Federal Reserve regulations. The FT reports.
The Obama administration is siding with big banks in a dispute over their alleged role in the Bernard Madoff Ponzi scheme.
Concerns about shadow banking in China are overblown, the chairman of China Investment Corporation told CNBC.
Veteran trader Art Cashin identifies an issue he thinks could lead to another financial crisis if not handled properly.
Jürg Zeltner, CEO of UBS Wealth Management, says in the current investing environment, clients are not risk-on.
China's No. 2 e-commerce company priced its American Depositary Shares at $19.00 each, above the $16 to $18 per ADS indicated range, valuing the company at more than $25 billion, according to its underwriters. JD.com, which has forged a close partnership with Alibaba arch-rival Tencent Holdings Ltd, will raise $1.31 billion from the sale of 69 million ADS.
Mark Haefele, Global Head of Investments at UBS Wealth Management, discusses the outlook for markets as countries attempt to shift to economic-led growth from central bank stimulus.
*Credit Suisse will not hand over client data to U.S. WASHINGTON/ NEW YORK/ ZURICH, May 20- Credit Suisse saw little immediate impact on Tuesday after it became the largest bank in decades to plead guilty to a U.S. criminal charge and will pay more than $2.5 billion in penalties for helping Americans evade taxes.