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Deutsche Bank fined record $2.5 bn in rate rigging probe

Twenty-one traders and brokers face criminal charges.....»»

Category: topSource: business-standardApr 23rd, 2015

Top 10 News for 5/18 - 5/22: Fed Rate Hike Pushed Back; Icahn Calls for More Apple Buybacks; Big Banks Settle FX Probe

1. On Monday, Endo Int'l (Nasdaq: ENDP) and Par Pharmaceutical Holdings, Inc., announced that they have entered into a definitive agreement under which Endo will acquire privately-held Par from TPG in a transaction valued at $8.05 billion, including assu.....»»

Category: optionsSource: streetinsiderMay 22nd, 2015

Traders keep bets on first Fed rate hike in December

(Reuters) - U.S. short-term interest-rate futures contracts added to losses on Friday as Federal Reserve Chair Janet Yellen signaled the U.S central bank was on track to raise rates this year as a disappointing start to 2015 gives way to a stronger econom.....»»

Category: topSource: yahooMay 22nd, 2015

Yellen Warns "Rate Hikes Appropriate This Year", Blames "Snowy Winter" - Live Feed

Traders looking to get an early start on the holiday weekend will have to wait a bit longer today, as Janet Yellen is set to speak to a sold-out audience at the Providence, Rhode Island Chamber of Commerce’s Economic Outlook Luncheon today. Yellen will .....»»

Category: blogSource: zerohedgeMay 22nd, 2015

Wall Street Fluxuates, Remains Flat on Yellen Remarks

U.S. equity markets wobbled as traders digested remarks from Federal Reserve Chair Janet Yellen on the central bank's outlook for the economy and monetary policy, and her anticipation for rate hikes this year if the economy continues on its path to recove.....»»

Category: topSource: foxnewsMay 22nd, 2015

Janet Yellen Tempers Rate Hike Scares Ahead of Holiday Weekend

It can be very dangerous for a Federal Reserve president to speak on the last business day ahead of a holiday, when traders and investors already have their foot out the door......»»

Category: blogSource: 247wallstMay 22nd, 2015

Metals Stocks: Gold on track for first weekly loss in 3

Gold futures inch a bit higher but remain on track for a weekly decline as traders look for a rate hike by the Federal Reserve later this year......»»

Category: topSource: marketwatchMay 22nd, 2015

S&P Ends at All-Time Highs But Traders Eye Weak Volume - NDTV

NDTVS&P Ends at All-Time Highs But Traders Eye Weak VolumeNDTVThe S&P 500 closed at a record high on Thursday after disappointing economic data bolstered expectations that an interest rate hike is likely to come only later in the year. Traders warned that.....»»

Category: topSource: googlenewsMay 21st, 2015

U.S. Stocks Close at Record Highs

The S&P 500 closed at a record high on Thursday after disappointing economic data bolstered expectations that an interest rate hike is likely to come only later in the year.  Traders warned that below-average volume in recent sessions suggests that not a.....»»

Category: topSource: marketpulseMay 21st, 2015

Stocks Finished Mixed as Data Drags

Equities bounced around the unchanged line on Thursday as tensions remain high (with stocks near-record levels ahead of possible interest rate hikes this year) but trading action was light (volume and price movements both modest). Traders are also ready t.....»»

Category: topSource: moneycentralMay 21st, 2015

House Lawmaker Issues Subpoena to Fed in Leak Probe

House lawmaker issues subpoena to Fed for documents over possible leak of rate information.....»»

Category: topSource: abcnewsMay 21st, 2015

S&P ends at all-time highs but traders eye weak volume

(Reuters) - The S&P 500 closed at a record high on Thursday after disappointing economic data bolstered expectations that an interest rate hike is likely to come only later in the year......»»

Category: topSource: yahooMay 21st, 2015

S&P nears all-time high, traders eye weak volume

U.S. stocks rose on Thursday afternoon, with the S&P 500 just shy of its record high as disappointing economic data bolstered the view that an interest rate hike would come only later in the year. Traders warned that below-average volume in recent session.....»»

Category: topSource: yahooMay 21st, 2015

$500tn rate swaps market next in line for probe

Barclays settlement over Isdafix signals new front on rigging.....»»

Category: topSource: ftMay 21st, 2015

Peter Schiff Warns Fed is Bluffing with Rate Hike

While traders obsess over the timing of the Fed’s next rate hike, Peter Schiff has a simple message for Wall Street: don’t. On CNBC’s “Trading Nation,” the outspoken investor said the central bank is “bluffing” an.....»»

Category: topSource: marketpulseMay 21st, 2015

Rate Rigging Makes Felons of Top Banks

Traders, including some who called themselves “the cartel,” colluded to manipulate the foreign exchange market, federal and state authorities said......»»

Category: worldSource: nytMay 20th, 2015

Market Wrap: Fed Quells June Rate Hike Chatter; Big Banks Settle FX Probe; Sarepta Rises on Eteplirsen Plans

Market wrap for May 20thEnd of the Day: S&P 500 down 2.0 to 2,125.85; Dow Jones down 27.0 to 18,285.40; Nasdaq up 1.7 to 5,071.74Market Brief: The Fed said that temporary factors were still holding the economy back and don't expected a rate hike in June .....»»

Category: optionsSource: streetinsiderMay 20th, 2015

"If you aint cheating, you aint trying" and other ridiculous quotes from the traders who just cost Wall Street $5.8 billion

On Wednesday, the Justice Department announced that, together with a handful of other regulators, it would fine Wall Street banks some $5.8 billion for their roles in the 2008 LIBOR interest rate and currency rigging scandal. As we learn more about the in.....»»

Category: topSource: businessinsiderMay 20th, 2015

5 banks guilty of rate-rigging, pay more than $5B - USA TODAY

USA TODAY5 banks guilty of rate-rigging, pay more than $5BUSA TODAYFive major banks Wednesday agreed to plead guilty to criminal charges and pay more than $5.4 billion in collective penalties to settle charges their traders routinely manipulated the world.....»»

Category: topSource: googlenewsMay 20th, 2015

5 Banks to Pay Billions and Plead Guilty in Currency and Interest Rate Cases

Traders, including some who called themselves “the cartel,” colluded to manipulate the foreign exchange market, federal and state authorities said......»»

Category: worldSource: nytMay 20th, 2015