Britain’s FCA bans ex-Deutsche Bank trader after Euribor rigging
Britain’s Financial Conduct Authority has banned former Deutsche Bank trader Christian Bittar from performing any function related to any regulated financial activity, the financial watchdog said on Friday.
Trade conflict looms but higher rates, oil prices help some stocks
A world stock index climbed as bank and energy shares rose on Friday, but the momentum was sapped by a report that Washington may fire a new salvo in its trade war with Beijing.
Borrowers branch out
LONDON (IFR) – Blue-chip corporates including Nestle are seeking to diversify their funding to avoid exposure to individual market risks.
U.S. retail sales slow, but exhibit underlying strength
U.S. retail sales recorded their smallest gain in six months in August as consumers cut back on purchases of motor vehicles and clothing, but upward revisions to July data kept intact expectations of strong economic growth in the third quarter.
Citigroup pays $12 million to settle dark pool probe
Citigroup Inc on Friday was ordered to pay more than $12 million by U.S. regulators after it was found that the bank’s investment banking and financial advisory unit misled users of a “dark pool” operated by one of its affiliates.
U.S. House Democratic leader says NAFTA should remain trilateral
U.S. House of Representatives Democratic Leader Nancy Pelosi on Friday warned the Trump administration that the NAFTA trade agreement should be maintained as a trilateral pact between the United States, Mexico and Canada and not just a U.S.-Mexico arra…
Oil prices gain as market tests $79 Brent
Oil prices gained on Friday, on track to end the week up more than 2 percent as the market strengthened, bucking off bearish forces that had pulled it down earlier in the session.
Wall Street falls on report U.S. to go ahead with China tariffs
U.S. stocks reversed course on Friday to trade lower after Bloomberg reported that President Donald Trump instructed aides to proceed with tariffs on about $200 billion more in Chinese products.
Britain’s FC bans ex-Deutsche Bank trader after Euribor rigging
Britain’s Financial Conduct Authority has banned former Deutsche Bank trader Christian Bittar from performing any function in relation to any regulated financial activity.
Airbus says worst-case Brexit would hit its sites beyond BritainL Spiegel
A worst-case scenario Brexit would affect Airbus’s sites not only in Britain but also in the rest of Europe, board member Tom Williams has told the German magazine Der Spiegel.
