Market News
Libor Scandal: Deutsche Bank 'Braces Itself' For $1bn US And UK Fine
IBTimes - 25 Oct 2014 09:31
Deutsche Bank is allegedly bracing itself for a $1bn fine from U.S. and U.K. authorities after it was accused of manipulating two of the world's most important interbank lending rates, Libor and Euribor. According to sou...
Fannie Mae Settles Shareholder Lawsuit For $170 Million
IBTimes - 25 Oct 2014 02:31
(Reuters) - Fannie Mae (FNMA.OB) has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. govern...
Switzerland Set To Greedily Grab Gold
Forbes - 25 Oct 2014 14:25
On November 30th the Swiss will be asked to vote on boosting the share of central reserves devoted to gold. Opinion polls indicate they will vote yes.
Ruble Faces New Wave of Pressure
Wall Street Journal - 25 Oct 2014 00:07
A new wave of pressure is hitting Russia's ruble as the market is becoming convinced that the central bank won't be able to halt its slide.