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Lloyds not off hook yet after $370 million LIBOR fines
By Reuters
07/28/2014 3:54:56 PM ET

LONDON (Reuters)—Lloyds Banking Group could face further punishment after agreeing to pay fines totaling $370 million for its part in a global interest rate rigging scandal and for attempting to manipulate fees for a government lending scheme to help banks. The settlement is the seventh joint penalty handed out by American and British regulators in connection with the attempted manipulation of the London Interbank Offered Rate, or LIBOR, and other similar benchmarks used to price around $450 trillion of financial products worldwide.
Investors dump higher oil bets as prices fall: ICE
By Reuters
07/28/2014 1:30:15 PM ET

LONDON (Reuters)—Hedge funds and other large speculators cut their bets on higher Brent crude oil and gasoil sharply in the week to July 22, IntercontinentalExchange Inc. said on Monday [July 28], following a big fall in prices.
G20 watchdog orders LIBOR alternatives by 2016 in benchmark reform
By Reuters
07/22/2014 2:37:18 PM ET

LONDON (Reuters)—Global regulators will implement a twin-track approach to ensuring interest rate benchmarks are less prone to manipulation, recommending safeguards to the current system as well as developing alternatives. Ten banks and brokerages including Barclays and UBS have paid a total of around $6 billion to date to settle U.
Hedge fund exit requests drop to six-month low in July
By Reuters
07/21/2014 5:47:05 PM ET

LONDON (Reuters)—Investor demand to pull money out from hedge funds dropped to a six-month low in July, following portfolio adjustments during the previous month, data released on Monday [July 21] showed. The SS&C GlobeOp Forward Redemption Indicator, a monthly snapshot of hedge fund clients giving notice to withdraw their cash expressed as a percentage of assets under administration, fell to 3.
Hedge funds attract $72.2 billion in first five months of year
By Reuters
07/09/2014 12:30:20 PM ET

NEW YORK (Reuters)—Investors poured $72.2 billion into hedge funds worldwide in the first five months of 2014, marking their strongest five-month start to a year since 2007 partly on fears of a downturn in stock and bond prices, data from a survey showed on Tuesday [July 8].
Goldman Sachs fined over trade rule violations in dark pool
By Reuters
07/01/2014 3:29:40 PM ET

WASHINGTON (Reuters)—Wall Street's self-funded regulator fined a unit of Goldman Sachs on Tuesday [July 1] over pricing rule violations stemming from its "dark pool," marking the latest in a string of recent enforcement actions targeting anonymous trading platforms. Goldman Sachs Execution & Clearing L.
Regulators shine light on shark-infested 'dark pools'
By Reuters
06/27/2014 1:25:24 PM ET

LONDON (Reuters)—Regulators are moving to shine a light on "dark pools", opaque and quasi-anonymous trading venues. New York's attorney general has filed a lawsuit against British bank Barclays relating to its dark pool, accusing it of giving an unfair edge to high-frequency traders while claiming to be protecting other clients from them.
More investors plan to overweight commodities: Credit Suisse
By Reuters
06/27/2014 12:35:08 PM ET

NEW YORK (Reuters)—More investors plan to ramp up on commodities over the next 12 months after years of pessimism toward the sector, betting that the Iraq conflict will push oil prices higher while other commodities prices advance in volatile trade, a Credit Suisse poll showed on Thursday [June 26]. The Swiss bank said it found a favorable view developing toward commodities at a conference in New York this week, when it surveyed 350 investors, including institutions, hedge funds, family offices, mutual funds and corporate firms.
New York attorney general accuses Barclays of 'dark pool' fraud
By Reuters
06/26/2014 8:49:46 AM ET

NEW YORK (Reuters)—The New York State's attorney general has filed a securities fraud lawsuit against Barclays , accusing the British bank of giving an unfair edge in the United States to high-frequency trading clients even as it claimed to be protecting other customers from such traders. The lawsuit, which relates to Barclays' LX Liquidity Cross 'dark pool' alternative trading system, alleges that the bank promised to get the best possible prices for customers looking to buy or sell shares but instead took steps that maximized the bank's profits and executed nearly all of its customers' stock orders on LX instead of on exchanges or other venues that might have offered better prices.
Global hedge fund exit requests rise again in June
By Reuters
06/19/2014 6:31:22 PM ET

BOSTON (Reuters)—Investors increased requests to pull money out of hedge funds in June as they adjust positions before the end of the quarter, according to data released on Thursday [June 19]. The SS&C GlobeOp Forward Redemption Indicator, a monthly snapshot of global hedge fund clients giving notice to withdraw their cash expressed as a percentage of assets under administration, rose to 4.
FX chatrooms show traders shared order, price details
By Reuters
06/19/2014 6:21:13 PM ET

LONDON (Reuters)—British investigators are examining millions of electronic messages which include fresh evidence of possible collusion by a small group of top currency traders, sources say. The investigators have been handed chatroom transcripts showing senior dealers at the big banks that dominate the largely unregulated foreign exchange market routinely sharing intelligence on orders they were about to place for clients.
Argentina flirts with debt swap as fear of default rises
By Reuters
06/18/2014 12:01:06 PM ET

BUENOS AIRES (Reuters)—Argentina is taking steps to place its restructured debt under local law so it can continue making payments despite a string of adverse U.S.
Indian regulator has it all to prove in insider probe
By Reuters
06/17/2014 11:51:39 AM ET

MUMBAI (Reuters)—India's stock market watchdog, long lambasted as toothless, has more resources than ever before to spot rogue trades. Even though it has singled out a hedge fund as the target of its first major trading probe, detractors remain unconvinced.
Hedge fund flows hit 4-month high in June
By Reuters
06/11/2014 4:45:10 PM ET

LONDON (Reuters)—The flow of money into global hedge funds hit a four-month high in June, data from SS&C showed on Wednesday [June 11]. The SS&C GlobeOp Capital Movement Index, which captures flows into and out of hedge funds, rose 1.
U.S. wins first guilty plea from individual in LIBOR probe
By Reuters
06/10/2014 5:49:28 PM ET

NEW YORK/WASHINGTON (Reuters)—A former Rabobank NV trader pleaded guilty on Tuesday [June 10] for his role in manipulating LIBOR, becoming the first person to admit guilt in a worldwide probe into alleged manipulation of interest rate benchmarks. Takayuki Yagami, a Japanese national who specialized in yen derivatives, pleaded guilty to one count of conspiring to commit wire fraud and bank fraud before U.
Valeant boosts $53.8 billion Allergan bid as Ackman opts for stock
By Reuters
05/30/2014 4:35:54 PM ET

LAVAL, Quebec (Reuters)—Valeant Pharmaceuticals International Inc. said on Friday [May 30] it would boost its takeover bid for Botox-maker Allergan Inc.
Man Group says in talks to buy Numeric
By Reuters
05/29/2014 12:06:00 PM ET

LONDON (Reuters)—Man Group said it was in talks to buy U.S. asset manager Numeric Holdings and diversify its quantitative fund offering, giving the UK hedge fund manager's share price a boost.
BlackRock's Fink says leveraged ETFs could 'blow up' whole industry
By Reuters
05/28/2014 5:04:21 PM ET

NEW YORK (Reuters)—BlackRock Inc. Chief Executive Officer Larry Fink said on Wednesday [May 2] that leveraged exchange-traded funds contain structural problems that could "blow up" the whole industry one day.
IMF's Lagarde says bank reforms slowed by fierce industry pushback
By Reuters
05/28/2014 11:44:00 AM ET

LONDON (Reuters)—Progress in completing banking reforms to plug gaps highlighted by the 2007-09 financial crisis is too slow and is being hampered by fierce industry lobbying, the International Monetary Fund said on Tuesday [May 27]. IMF Managing Director Christine Lagarde said banks were holding more capital now than they did in the run-up to the financial crisis when taxpayers had to shore up the sector.
Eurex plans new derivatives products to take on rivals
By Reuters
05/27/2014 5:48:51 PM ET

LONDON (Reuters)—Deutsche Boerse's Eurex, Europe's largest derivatives exchange, will launch a range of new products later this year, as it seeks to fend off competition from U.S.

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