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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.
While everyone is waiting for Alibaba to announce pricing terms, rival JD.com is set to go public this week.
WASHINGTON/ NEW YORK, May 20- U.S. prosecutors first raised the specter of a criminal plea by Credit Suisse Group AG more than two years after starting an investigation into whether the Swiss bank had helped wealthy Americans evade taxes.
India's stock markets have climbed 15 percent so far this year. Will Narendra Modi push them higher?
Despite declines, U.S. tech stocks are worth backing if you're careful about how you define U.S. tech.
Dollar bulls are betting U.S. data this week to show a rise in consumer prices, taking inflation closer to the Federal Reserve's 2 percent target.
Whether on Wall Street or Fleet Street, this is not a happy time for big banks.
According to the Journal report, the U.S. Securities and Exchange Commission sent the letters to Goldman Sachs Group Inc, Morgan Stanley, Citigroup Inc, Credit Suisse Group AG and UBS AG.
Some of the biggest retail brokerage companies are Charles Schwab Corp., TD Ameritrade Holding, Fidelity Investments' Fidelity Brokerage Services and E* Trade Financial Corp, which can get paid $100 million a year or more for selling their orders.
NEW YORK, May 6- A federal appeals court in New York rejected appeals by UBS AG shareholders seeking to hold the Swiss bank liable for their losses for having concealed its exposure to risky mortgage-backed securities and helping clients evade U.S. taxes.