Investment banks Citigroup Inc. and JPMorgan Chase & Co. put their top London currency dealers after regulatory probe.
Europe
The Basel group drafts new bank trading-book rules
The Basel Committee on Banking Supervision overhauled its current bank-trading book rules for banks.
Air France-KLM depreciates Alitalia stake from books
A recent quarterly report released by Air France-KLM showed that the Franco-Dutch airline had written off the value of its 25% ownership stake in Italian carrier Alitalia.
Global stocks suffer small hit after dim US Fed outlook
Global stocks went down slightly after the US Federal Reserve provided a dim US economy Global stocks took a small hit on Thursday after the US Federal Reserve wagered an outlook of the state of the U.
Euro gains a result of ECB Bank Test
The Euros consistent climbed has encouraged currency repatriation in Europe. The Euro gained traction and reached a two-year high against the US dollar this month, according to a report by Bloomberg.
Latest News
Two former Kynikos analysts establish Arhammar Short Alpha Funds to bet on falling stocks. London-based Arhammar Short Alpha Fund Ltd would be betting on falling stocks around the world.
ICE postponed date of NYSE purchase. Futures Market Operator, IntercontinentalExchange, postponed the date for acquiring NYSE Euronext. NYSE claimed this would give more time for approval of the transaction by European regulators At this point, European regulators have not raised any substantive issues among NYSE and ICE.
Richard Usher put on leave, Citi's chief Roham Ramchandani follows. Richard Usher, the chief currency dealer in JP Morgan in London, has been put on leave.
Eurobank Ergasias SA failed to meet it capital requirements may now be force to sell shares at losing price.
Intel Corp. and Verizon Communications Inc are talking to about Intel's Web-TV. Intel Corp. , and Verizon Communications Inc. are having talks about possible takeover of Intel's TV delivery over the Internet, according to a report by Bloomberg.
Stanford Marine Groups prepares for its debut in the London stock market, hires heavyweight investment bankers.
Microsoft sought an approval from the European Commission to take over Nokia's phone business in USD7.49 billion deal.
BaFin had said they would review the whole transaction of RHJI purchase of BHF Bank. BaFin, the German financial watchdog, had announced last Wednesday it would be needing to start from scratch in the review of the sale of Deutsche Bank AG's unit BHF Bank after BlackRock had exited from the auction.
Clariant and Wendel's Stahl reached an agreement with former to receive millions and shares. Clariant AG, Swiss maker of specialty chemicals, had agreed to sell a leather-treatment unit to French investment company Wendel SA's Stahl, according to a report by Bloomberg.
