New product offers have been made by NASDAQ OMX such as USD10,000 contracts for its clients in the currency market.
Legal & Regulatory
Citigroup's legal fees stand to be highest on record
Compared to JPMorgan Chase, Citigroup's legal costs would easily reach USD5 billion. The next US bank primed for legal and regulatory scrutiny would be Citigroup Inc.
CFTC reminds investors of intent of Dodd-Frank Act
The CFTC warned that all buyers must be allowed to participate and operations need to be transparent as required by the Dodd-Frank Act.
Arkansas gets Medicaid funds under Obamacare
Arkansas is the first of many states in the US that would receive funds for Medicaid expansion under Obamacare.
Bharti Telecom to pay fees as determined by the Department of Telecom
The Department of Telecom, upon the urging of the Comptroller and Auditor General, had confirmed the charges imposed on Bharti Airtel for improper spectrum use in seven areas.
Latest News
Royal Park claims fraud in the marketing and sale of residential mortgage backed securities. A suit was filed against the Credit Suisse Group AG in New York for USD359 million worth of residential mortgage-backed securities.
JPMorgan Chase & Co are deep in the negotiations to settle the probes conducted at the state and federal levels.
France and the European Union are conducting inquiries as to the tactics employed by Apple that would violate antitrust regulations.
Megafon is discussing with small lending institutions as to the eventual integration of banking services with its telecommunications services.
Seth Klarman's Baupost Group, for only the second time, would return money to its clients. One of the largest hedge funds in the world, Seth Klarman's Baupost Group has nearly USD28 billion in its portfolio, had laid out plans to return money to its clients by the end of 2013.
Saudi Arabia's taxi business is in chaos with the conflicting regulations, leading to the pull out of investors.
The National Credit Union Administration (NCUA) had filed complaints against Morgan Stanley and eight other financial institutions for selling faulty mortgage-backed securities.
Xinyi Glass announced plans to spin off Xinyi Solar Holdings and list it in the Hong Kong market. China-based Xinyi Glass Holdings Ltd announced its intention to spin off Xinyi Solar Holdings Ltd and list the business in the Hong Kong bourse.
According to two unidentified sources, China would be opening its Internet portals to Facebook and other websites in the free trade zone in Shanghai.
