ICE, NYSE Deal May Open Agriculture Business to RivalsFebruary 08, 2013ICE plans to spin off thriving Paris-based agricultural commodity contracts and may also have to sell London soft commodity contracts if its acquisition of NYSE Euronext goes through.
Schwab Unveils No-Fee Platform for ETFsFebruary 08, 2013Charles Schwab is waiving transaction fees on exchange-traded funds, applying the formula it used to sell mutual funds to the masses.
Lessons from Ancient History as Barclays Boss Plots RevivalFebruary 08, 2013When Barclays' new boss Antony Jenkins wanted to tell his senior bankers what was in store for them, he gathered all 125 around him in a room styled like an ancient Greek agora to guarantee eye contact and conversation.
Barclays Investment Bank Cutting JobsFebruary 07, 2013Barclays is nearing the completion of a raft of job cuts at its investment bank as part of its new chief executive's plan to streamline operations.
FINRA Backs Off Financial Adviser RegulationFebruary 07, 2013Wall Street's industry-funded watchdog is pulling back from a campaign to expand its powers so that it would oversee 11,000 registered investment advisers.
RBS Fined $612 Million for Libor Rate RiggingFebruary 06, 2013Royal Bank of Scotland was fined $612 million and a subsidiary admitted to a criminal offense as regulators nailed a third bank in a global investigation into rigging of benchmark interest rates.
Knight Capital To Cut Workforce by 5 PercentFebruary 05, 2013Former CIO Steven Sadoff among executives departing as Knight Capital will lay off 5 percent of its global workforce as part of efforts to restructure the automated trading firm.
MF Global Customers to Get Most of Their Money Back - FreehFebruary 04, 2013Former customers of Jon
Corzine's collapsed brokerage MF Global would recover most, and
probably all, of their money under the latest projections by the
trustee liquidating its bankrupt parent company.
New Measures to Lift Veil on Banks' Capital RatiosFebruary 04, 2013The game may soon be up for banks
that have made themselves look healthier by understating how
risky their businesses are, which should help pension funds,
savers and companies to decide which institutions to invest in.
Deutsche Bank Swallows $4 Bln of Charges for Clean UpJanuary 31, 2013Deutsche Bank plunged to its worst quarterly loss in four years on Thursday after it took nearly $4 billion in charges to try and draw a line under a slew of scandals and boost its balance sheet without asking shareholders for cash.
From RIM to BlackBerry, A Company in TransitionJanuary 30, 2013Research In Motion Ltd
has launched its new line of re-engineered BlackBerry
smartphones, taking the wraps off the long-delayed devices at a
series of events around the world on Wednesday.
ICE's CEO Has Fielded Calls About Selling EuronextJanuary 29, 2013ICE has received inquiries from rivals interested in buying NYSE Euronext's European stock exchanges once ICE completes its purchase of the New York-based exchange operator.
US Treasury Allowed Excessive Pay at TARP FirmsJanuary 29, 2013The Treasury Department failed to curb executive pay last year for the second year running at companies rescued by the government.
Peregrine Financial's ex-CEO's ex-Wife Sued Over Divorce MoneyJanuary 28, 2013Some of the more than $100 million
Peregrine Financial's former chief executive stole from his
brokerage's clients went to pay for his divorce settlement, the
trustee of the now-bankrupt brokerage said in a lawsuit late
Friday against the former wife.
Whitman Capital Founder Gets Two Years for Insider TradesJanuary 25, 2013Hedge fund manager Doug Whitman was sentenced to two years in prison after he became the first defendant in a broad U.S. crackdown on insider trading to take the stand to convince jurors of his innocence.
Banks Try to Put Past Sins Behind Them at DavosJanuary 24, 2013Leaders of the world's largest banks have gone some way to persuading investors that their industry's near-death experience is over, even though the public still don't trust them.
Peregrine Financial Fraud Loss Exceeds $200 MlnJanuary 23, 2013Peregrine Financial Group's former chief
executive embezzled more than $215 million from customers of his
now-defunct futures brokerage, U.S. prosecutors said in court
documents filed on Tuesday.
