Latest
AIG Group Appoints Philip Fasano to Executive VP, CIO
- American International Group (AIG) has named longtime financial services veteran Philip Fasano to the newly created role of Executive VP and Chief Information Officer (CIO), and is slated to join the group in October.
Tuesday, 16/09/2014 | 10:54 GMT by
Jeff Patterson
GAIN Capital's Forex.com Next Major Broker to Raise Margin Requirements on EURCHF
- Leverage levels for traders of the EUR/CHF pair traded on Forex.com's FOREXTrader PRO platform is set to increase to 5% (1:20) after a similar move has been announced earlier this month by Saxo Bank.
Tuesday, 16/09/2014 | 10:39 GMT by
Victor Golovtchenko
Litecoin Trading- LTC/USD Technical Analysis, Sept 16: LTC back below $5
Tuesday, 16/09/2014 | 10:17 GMT by
Leon Pick
SafeCharge Expands into Electronic Money, Gets Authorized by the Central Bank of Cyprus
- The company’s wholly owned subsidiary SafeCharge Limited has received the authorization under the European Parliament’s 2009 directive applying to payment service providers which issue electronic money in the EU.
Tuesday, 16/09/2014 | 09:00 GMT by
Victor Golovtchenko
Bangladesh bans Bitcoin, violators face up to 12 years jail time
Tuesday, 16/09/2014 | 08:58 GMT by
Leon Pick
FCA Warns against yet Another Clone Company Using the Details of a Natixis Subsidiary
- UK's regulatory body has issued a warning on its website against a fraudster using the details of EEA Authorized company Dupont Denant Contrepartie S.A, a subsidiary of French investment bank Natixis Securities.
Tuesday, 16/09/2014 | 07:13 GMT by
Victor Golovtchenko
Plus500 Receives Favorable Shareholder Withholding Tax Ruling from Israel Tax Authority
- Providing an easier solution for non-Israeli citizens to be subject to reduced withholding tax rates, Plus500 has announced a tax ruling it has received from the ITA to benefit the broker's shareholders.
Tuesday, 16/09/2014 | 07:11 GMT by
Ron Finberg
Morgan Stanley Settles to Pay $280,000 to CFTC, Relating to Faults in KYC Procedures
- The regulator also established failures relating to enforcement of imposed trading limits, lack of timely and accurate response to a CFTC document request, and failure to maintain adequate customer records.
Monday, 15/09/2014 | 23:03 GMT by
Victor Golovtchenko
More FXPB Industry Turmoil as Peter Klein Exits Global Head of FXPB at BAML Position
- In a continuation of turnover in the foreign exchange prime broker sector, Forex Magnates has learned that Peter Klein is out as Global Head of FXPB at Bank of America Merrill Lynch.
Monday, 15/09/2014 | 22:21 GMT by
Ron Finberg
Nigerian Bank Faces Reality of Cyber Crimes - the Cost $40 million
- An African Bank has been on the back-end of a $40 million cyber-theft. The bank witnessed an inside-job by an employee that stole funds, the crime raises concerns for the financial services industry.
Monday, 15/09/2014 | 22:09 GMT by
Adil Siddiqui
ICE Changes Gold Contracts Specifications, Opts for Physical Delivery of Bullion
- The specifications of mini gold futures and options instruments traded on ICE Futures U.S. will be changed starting today to make physical delivery of gold bullion much more convenient for investors.
Monday, 15/09/2014 | 22:04 GMT by
Victor Golovtchenko
Moscow Exchange Launches Russian Government Eurobond Futures Trading
- The move is accompanying increasingly uneasy trading conditions in the Russian bond market and new all time lows for the Russian ruble prompting fears among local traders about even higher interest rates.
Monday, 15/09/2014 | 19:39 GMT by
Victor Golovtchenko
Iran's Financial Trading Bourse Eyes Overseas Cash Injection
- Iran pitches for foreign investment as investors look beyond the BRICS. The Tehran Stock Exchange invites overseas participants to Kish island for an investment conference in October, Tehran is keen to open its doors.
Monday, 15/09/2014 | 18:22 GMT by
Adil Siddiqui
Deutsche Bank’s Bearish EM Specialist John-Paul Smith Founds Firm
- Deutsche Bank AG’s Emerging Markets and BRIC strategist John-Paul Smith has reportedly left the group to found his own independent research firm, tapped Eclectic Strategy, bringing in former colleague Emad Mostaque.
Monday, 15/09/2014 | 16:55 GMT by
Jeff Patterson
The latest portal to find drugs for Bitcoin is....Instagram?
Monday, 15/09/2014 | 16:00 GMT by
Leon Pick
Greece Downgraded to Emerging Economy Status by S&P as Country Rejects EU Bailout
- Only on Friday it was announced that Standard & Poor's Ratings Services upgraded its debt rating for Greece to B From B-Minus and now it is revealed the troubled European country has lost its "Developed" status.
Monday, 15/09/2014 | 14:51 GMT by
Avi Mizrahi
HSBC Saudi CEO, Walid Khoury Departs, Successor Chosen
- HSBC’s Saudi Arabian Chief Executive Officer, Walid Khoury has parted ways with the British banking giant, paving the way for the appointment of new CEO Nabeel Shoaib, who is slated to take over immediately.
Monday, 15/09/2014 | 14:46 GMT by
Jeff Patterson
Bitcoin Trading- BTC/USD Technical Analysis, Sept 15: BTC flat, can't break $470
Monday, 15/09/2014 | 14:24 GMT by
Leon Pick
EGX Extends NASDAQ OMX X-Stream Trading Agreement to 2020
- The Egyptian Exchange (EGX) has agreed to renew the current integration of NASDAQ OMX’s X-stream trading technology to 2020 in a bid to keep the exchange’s trading capabilities for another six years.
Monday, 15/09/2014 | 12:40 GMT by
Jeff Patterson
OECD Cuts Global Growth Forecast and Urges ECB to Begin Unsterilised Bond Purchases
- The OECD is expecting economic growth rates to slow across the developed world although the ECB and BoJ are encouraged to extend their QE policies due to their proximity to deflation.
Monday, 15/09/2014 | 12:08 GMT by
George Tchetvertakov
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