Sentences with phrase «banks on derivatives»

In previous instances, big companies have sided with banks on derivatives rules, fearful that changes would make trading more expensive for them as counterparties.

Not exact matches

British bank Barclays recently started issuing exchange - traded notes on the NYSE Arca exchange (similar to ETFs, only they are derivatives guaranteed by the bank rather than invested in the underlying securities) that track a Women in Leadership index of U.S. companies whose CEOs are women or whose boards are at least one - quarter female.

JPMorgan Chase Chief Executive Jamie Dimon, who won a strong vote of confidence from shareholders last month, on Tuesday defended the disclosures the bank made last year about its unfolding London Whale derivatives loss.

Derivatives trading is the culmination of a wild year for bitcoin, which captured imaginations and investment around the world, propelled by its stratospheric gains, and its anti-establishment mission as a currency without the backing of a government or a central bank, and a payment system without a reliance on banks.

The 1,603 - page bill, negotiated by Republican and Democratic appropriators and leaders, drew Democrats» ire when they discovered it would roll back the Dodd - Frank law due to go into effect next year by killing planned restrictions on derivatives trading by large banks, allowing them to continue trading swaps and futures in units that benefit from federal deposit insurance and Federal Reserve loans.

SUNDAY, JANUARY 7 PHILADELPHIA, Pa. - Federal Reserve Bank of San Francisco President John Williams speaks on «What to Expect From the Lower Bound on Interest Rates: Evidence From Derivatives Prices» before the 2018 ASSA / American Economic Association Annual Meeting - 1300 GMT.

Equities have been a focus of late, with the bank including a slide in the presentation on growth across prime brokerage, cash equities, and equity derivatives.

«Requiring the banks to pay treble damages to every plaintiff who ended up on the wrong side of an independent Libor ‐ denominated derivative swap would, if appellants» allegations were proved at trial, not only bankrupt 16 of the world's most important financial institutions, but also vastly extend the potential scope of antitrust liability in myriad markets where derivative instruments have proliferated,» the U.S. Court of Appeals in New York said in the ruling.A U.S. appeals court on Monday revived private antitrust litigation accusing major banks of conspiring to manipulate the Libor benchmark interest rate, in a big setback for their defense against investors» claims of market - rigging.

Earlier that day, the Bank of Russia's first deputy chairman Sergey Shvetsov proclaimed that, «We consider all cryptocurrency derivatives to be a negative development on the Russian market,» explaining that the bank intends to «restrict potential operations with such instruments made by the regulated part of the Russian market» and to inhibit external actors from making such assets available to the Russian public by preventing access to their websiBank of Russia's first deputy chairman Sergey Shvetsov proclaimed that, «We consider all cryptocurrency derivatives to be a negative development on the Russian market,» explaining that the bank intends to «restrict potential operations with such instruments made by the regulated part of the Russian market» and to inhibit external actors from making such assets available to the Russian public by preventing access to their websibank intends to «restrict potential operations with such instruments made by the regulated part of the Russian market» and to inhibit external actors from making such assets available to the Russian public by preventing access to their websites.

To stay afloat, several of Europe's banks may be forced to sell mountains of assets — among them, derivatives originating on the Street — and may have to renege on or delay some repayments on loans from Wall Street banks.

In addressing this question, I will draw on preliminary results from a recent Bank for International Settlements (BIS) survey of derivative activity.

For example, an interest rate swap is a derivative whereby two parties exchange, or «swap,» interest payments on a bond; one side might get a constant 3 percent each payment period, while the other gets the LIBOR rate (a benchmark rate that some banks charge each other for short - term loans).

Oil - related earnings will likely rebound faster than metals over the next few years as banks focus on building revenues in the oil derivatives market, which is historically a much bigger business than metals derivatives, Shahani said.

Just when you thought Wall Street's heist of the U.S. financial system couldn't get any crazier, along comes a regulator's report on FDIC - insured banks exposure to derivatives.

After Austria's state - owned railroad, in 2009, reported a $ 1.3 billion loss caused by writing down the value of interest rate swaps, it successfully sued Deutsche Bank on the grounds that the lender had not disclosed the risks associated with the derivative.

Geithner and Obama warned that if Greek bondholders were not paid in full, some giant U.S. banks would lose heavily on the default insurance contracts and derivatives they had written, and their losses could spread «contagion» to Europe.

Pat spent 6 years in Equity Research at both Scotia Capital and Merrill Lynch as lead equity analyst as well as several years on the derivatives desk for Merrill Lynch - Bank of America.

The central bank will require reserves to be set aside for purchases of all currency derivatives from October, according to a document seen by Reuters, making it more expensive to bet on further depreciation of the yuan.

Senator Sherrod Brown (D - Ohio) will convene a Senate Banking Committee hearing on Tuesday during which MillerCoors and experts critical of banks» involvement in physical commodities activities and infrastructure assets such as storage facilities and pipelines are likely to heavily criticize banks like Goldman and JPMorgan, which both own large warehouses that store aluminum and trade derivatives contracts reflecting commodity prices.

Best Credit Derivatives Provider Deutsche Bank Institutional investors give Deutsche Bank higher marks than any other provider for keeping pricing low on credit derivative trades, making it easy to get out of a trade, and for supplying a steady stream of useful investment ideas.

In today's «derivative» stage of finance capitalism, large Wall Street banks make money off their customers and counterparties by betting which way the economy will go, much like betting on a horse race — except that «fixing» the financial race is not illegal, or at least is not prosecuted.

But the bailout of AIG was in reality a backdoor bailout of the biggest Wall Street banks and their foreign big bank kin who had used AIG as a counterparty on their casino - like derivative bets and for securities loans that AIG could not make good on.

The mega banks would have to «push - out» the derivatives to their uninsured affiliates so that the taxpayer wasn't on the hook for future losses or bank implosions.

Deutsche Bank received $ 11.8 billion from the taxpayer for derivative transactions and securities lending obligations AIG was on the hook for.

I actually think something else is going on here — rather than talking about regulating the financial sector, the government and the Bank are signaling that they are willing to provide lender - of - last - resort assurances to those who sell or engage in derivative financial products, of which the asset - back mortgage and commercial debt are but two examples.

Known as the «London Whale» saga for risky gambles in derivatives in London, the bank was the subject of an intense investigation by the U.S. Senate's Permanent Subcommittee on Investigations.

Each of those four banks also have an outsized presence on Wall Street; each of them received taxpayer bailouts during the 2008 crash; each received secret, below - market interest rate loans from the Federal Reserve during the crisis; and three of them (JPMorgan Chase, Bank of America and Citibank) are currently holding tens of trillions of dollars in derivatives within the insured banking subsidiary — meaning there would be a forced taxpayer bailout if the derivatives blew up the bBank of America and Citibank) are currently holding tens of trillions of dollars in derivatives within the insured banking subsidiary — meaning there would be a forced taxpayer bailout if the derivatives blew up the bankbank.

The banks are trying to win back their losses by arbitrage operations, borrowing from the Fed at a low interest rate and lending at a higher one, and gambling on options and derivatives.

On top of that, these three banks hold trillions of dollars in derivatives which are hard to quantify using any measure of safe and sound banking practices.

In credit derivatives a provider that is now known for low commissions and for not trying to make money on every single trade is Deutsche Bank, which another Greenwich survey described as a market share leader in US fixed income as of August this year.

And on top of that, according to the U.S. Treasury's Office of Financial Research, Wall Street banks are holding massive exposure to European entities, including hundreds of billions of dollars in off - balance - sheet credit derivatives — the instruments that played a significant role in blowing up Wall Street in 2008.

Yet some banks still command a premium on the quality of the information they use to execute transactions, particularly those involving FX and commodities derivatives.

Interest rate CFD derivatives are usually based on the interest rates set by central banks across the world.

The mechanisms of this international capitalist recession, the latest of which, to date, some would like to see as the first crisis of world capitalism, are well known: contraction in production and trade; deflationary trends; massive growth in the volume of loans accumulated by international banks on countries or on the major industrial and banking groups, loans which become transformed into irrecoverable debts; brutal capital withdrawals from countries by the major financial operators, which live from the revenue from parasitical investments in bonds, shares and other derivatives.

Exotic credit derivatives, for those among us with short memories, are those quaint financial instruments that enable banks to make massive bets on the failure of loans, without having to actually own any of the underlying debt.

Maffei joined a group of New York House members who said they were protecting a home - state industry by lobbying to soften proposed regulations on derivatives trading by big banks.

The accountants and risk managers know this, but they look the other way to save their paycheques.The American banks» derivatives books are like mountain climbers tethered together on the side of a dangerous mountain in a blizzard.

23 (1) of Act 930 states «Except as otherwise provided for in this Act, a person, other than a company holding a banking licence, shall not hold itself out as a bank or use the word «bank» or any of its derivatives in any language, or any word that sounds like «bank» in the description or title under which that person is carrying on financial services business in Ghana, or make a representation to this effect in any billhead, letter, paper, notice, advertisement or in any other manner.

On Tuesday, Senate Banking Committee Chairman Christopher Dodd, D - Conn., proposed a compromise change to the Wall Street reform bill that would water down a proposed ban on derivatives trading by many financial firmOn Tuesday, Senate Banking Committee Chairman Christopher Dodd, D - Conn., proposed a compromise change to the Wall Street reform bill that would water down a proposed ban on derivatives trading by many financial firmon derivatives trading by many financial firms.

Counterparty risk is what happens when an investment bank enters into a derivative transaction with another party (the counterparty), and when the investment bank ends up on the winning side of the trade, the counterparty is unable to make good on the necessary payments to the investment bank.

The Fed should have done nothing, and if any or all investment banks failed, it would have had little impact on the economy as a whole, because derivative exposures were small.

The last thing that the investment banks needed was a worry on concentrated counterparty risk affecting the value of their derivative books.

The mainstream view is that this was the result of insufficient regulation (e.g. repeal of Glass Steagall, non-regulation of derivatives, effective elimination of bank reserve requirements, etc.) The Austrian view is that this was the result of too much regulation / gov» t intervention (e.g. repetitive bank bailouts over the past few decades which ingrained a culture of privatizing profits and socializing risks, the «Greenspan / Bernanke put» designed to inject liquidity whenever the stock market goes down, and regulations dating back to the 1930's such as FDIC insurance which, for example, eliminates the incentive for consumers to select their banks based on conservative lending practices.

There is a booming trade in «weather futures,» allowing companies and banks to gamble on changes in the weather as if deadly disasters were a game on a Vegas craps table (between 2005 and 2006 the weather derivatives market jumped nearly fivefold, from $ 9.7 billion to $ 45.2 billion).

Just to be clear tho Barclay was not balancing it's trades on derivatives by manipulating the LIBOR, but profiting from them, and the smoking email indicates that people at Barclay's did it for pals at other banks.

The banks are able to sell derivatives (calls and puts) on a huge margin.

«We work routinely in compliance», Seabrook begins, saying that an example of this would be where Neota has been deployed by a major investment bank in order to perform regulatory compliance and commercial checks on financial derivatives trades.

Alison Wilson Qualified: 2005 Made partner: 2014 Key cases: Advising a major bank on an FCA investigation into its handling of PPI complaints; advising Standard Chartered Bank in its successful claim against the Ceylon Petroleum Company in connection with oil derivatives; advising a major bank on a multijurisdictional fraud perpetrated against it by a hedge fund manager, including civil claims and associated criminal investigatibank on an FCA investigation into its handling of PPI complaints; advising Standard Chartered Bank in its successful claim against the Ceylon Petroleum Company in connection with oil derivatives; advising a major bank on a multijurisdictional fraud perpetrated against it by a hedge fund manager, including civil claims and associated criminal investigatiBank in its successful claim against the Ceylon Petroleum Company in connection with oil derivatives; advising a major bank on a multijurisdictional fraud perpetrated against it by a hedge fund manager, including civil claims and associated criminal investigatibank on a multijurisdictional fraud perpetrated against it by a hedge fund manager, including civil claims and associated criminal investigations.

Practice head Hugh Evans has more than 35 years of experience handling high - value professional negligence claims on behalf of banks, building societies and other lenders; he leads a team that includes Adam Ibrahim who, in addition to heading the regulatory team in Leeds, has extensive experience handling financial services related professional negligence matters and is heavily involved in claims arising from the FCA's investigation into the mis - selling of derivatives and swaps.

Successfully representing a major international investment bank on Spanish derivatives litigation, in relation to a $ 150m claim filed by the holding company of one of the major media groups in Spain.