U.S. Exchanges Urge Brazil to Open Bourse Competition
U.S. exchanges Direct Edge and BATS Trading on Friday urged Brazilian securities regulators to take bolder steps to open competition in the local bourse industry as they prepare to enter the South American nation's burgeoning financial markets.
C.Suisse Shares Hit New Lows Amid Capital Worries
Credit Suisse shares
hit a new 20-year low on Wednesday as a board endorsement of
American chief executive Brady Dougan's strategy failed to
banish investor skepticism that he can meet demands for a
stronger capital base.
Inside The SEC’s Tech Department
The Commission has long been derided for being out-of-touch and poorly staffed, but the SEC has recently been quietly shaking things up in its technology department.
Why Speed Traders Slow Down On Purpose
In his new book "Wait: The Art and Science of Delay," Frank Partnoy breaks down why even though speed is the lifeblood of a high-frequency trading operation, slowing down by a few milliseconds can mean bigger profits.
Twitter Double Outage Blamed On Bug
A double outage rocked Twitter on Thursday, as users worldwide reported significant down-time and slow service across the website and mobile applications of the microblogging platform.
SEC Seeks Big 4 Audit Papers From China
The Chinese arms of all of the
Big Four audit firms have been asked by U.S. regulators to turn over documents related to audits of China-based companies listed in the USA.
Dimon: JPMorgan Was Honest With Shareholders
JPMorgan Chase & Co
Chief Executive Jamie Dimon said his bank was upfront with
investors about its multibillion-dollar trading loss, even as
regulators investigate whether JPMorgan disguised a dramatic
rise in risk-taking.
Spain, Italy Demand Action as Debt Pressure Mounts
Spain called on Monday for
the European Central Bank to fight financial market pressures on
the euro zone, and Italy said more must be done to shore up the
bloc after the Greek election result failed to ease the strain
on both countries.
HK Bourse Buys London Metal Exchange for $2.2B
The Hong Kong stock exchange on Friday agreed to pay 1.4 billion pounds ($2.18 billion) to buy the London Metal Exchange (LME), in a deal that gives Asia's largest bourse a much needed entry into a commodity trading platform, and brings LME members closer to China, the world's biggest metals buyer.
Deutche Bank Says Greek Exit From Euro Unlikely
thinks it is unlikely that elections in Greece this weekend will
lead the heavily-indebted country to leave the euro, the chief
financial officer of Germany's biggest bank said on Thursday.
IT As Profit Maker
In defining your company's core operations, is IT one of them? Many non-IT companies have patented, trademarked, or copyrighted at least one tech innovation.
Futures See Slight Rise on Spain; Worries Loom
U.S. stock index futures pointed to a mildly higher open on Monday after euro zone finance ministers agreed on an aid package to help Spain, but worries persisted over the upcoming Greek election and the global growth outlook.
Investors Lose Faith In Computer Trading Models
Investors are losing faith in the
computer-based trading models that made them millions in the
bull market years, as Europe's financial convulsions have shown
how poorly they cope with the unpredictable.
S. Korea's KDB Could Triple IPO Size
South Korea's government may sell as much as 30 percent of state-owned KDB Financial Group in a $5 billion initial public offer, three times the amount it originally planned to sell, in defiance of gloomy global markets.
Vulture Funds Smell Blood from Spanish Bank Woes
A flock of "vulture" funds is circling over Madrid in the hope that a banking sector shakeout will finally deliver a bonanza of real estate and distressed company assets at rock bottom prices.