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Latest Finance News related to Market Manipulation

VW chief Matthias Mueller probed over emissions scandal image
Source : BBC [Read Article] Wednesday 17th of May 2017 09:57:50 AM
....Prosecutors suspect that executives deliberately delayed releasing information to investors about the scale of the scandal, as well as its financial consequences. A similar investigation, into possible market manipulation by executives within the VW Group, was launched in Volkswagen's home state of Lower Saxony last year. ...
China crackdown sends Bitcoin sliding image
Source : BBC [Read Article] Thursday 12th of January 2017 01:04:34 AM
....Chinese spot checks on Bitcoin trading have hit the digital currency's value. China's central bank said it wanted to investigate market manipulation, money laundering and unauthorised financing. ...
Wall Street 'flash crash' accused Navinder Sarao extradited to US image
Source : Guardian [Read Article] Tuesday 8th of November 2016 03:20:43 PM
.... Sarao lost his year-long legal battle against extradition at the high court in London in mid-October. Sarao, 37, faces 22 charges of fraud and market manipulation, which carry sentences totalling a maximum of 380 years. ...
Volkswagen inquiry widens to include former finance chief image
Source : Guardian [Read Article] Sunday 6th of November 2016 05:58:36 PM
. German prosecutors have deepened the crisis at Volkswagen by widening an investigation into suspected market manipulation to include the chair of the carmaker’s supervisory board, Hans Dieter Pötsch. ...
'Flash crash' trader loses US extradition battle image
Source : BBC [Read Article] Friday 14th of October 2016 12:25:57 PM
....The ruling means Navinder Sarao, 37, will be sent to the US within 28 days. He is accused of market manipulation by "spoofing" over a five-year period and of contributing to a 1,000 point fall on the Dow Jones index in New York on 6 May 2010. ...
Leaks reveal Amber Rudd's involvement in Bahamas offshore firms image
Source : Guardian [Read Article] Wednesday 21st of September 2016 06:00:27 PM
....Shares in both Kensington and Siberian were traded on the Vancouver Stock Exchange, which prior to its closure in 1999 had a reputation for being poorly regulated. A report commissioned by the finance ministry of British Columbia described a small number of successful enterprises “overshadowed by the continuing occurrence of shams, swindles and market manipulations”. ...
'Flash crash trader' can be extradited to US, judge rules image
Source : Guardian [Read Article] Wednesday 23rd of March 2016 12:15:27 PM
....District judge Quentin Purdy at Westminster magistrates court ruled on Wednesday that Sarao’s alleged actions between 2009 and 2014 constituted a crime in the UK. The judgment means Sarao, 37, can be sent to the US to answer 22 counts of wire fraud, commodities fraud and market manipulation carrying a maximum sentence of 380 years’ imprisonment. ...
Navinder Sarao: Who is the so-called 'flash crash' trader? image
Source : BBC [Read Article] Wednesday 23rd of March 2016 12:05:03 AM
. Navinder Sarao, who traded from his parents' home in Hounslow, west London, has been accused of market manipulation that caused a 1,000-point fall on the US Dow Jones index in 2010. ...
Regulators accuse ANZ of rate-fixing image
Source : BBC [Read Article] Friday 4th of March 2016 03:51:26 AM
....Australia's markets watchdog has begun legal action against ANZ bank over accusations it fixed the benchmark inter-bank interest rate. The Australian Securities and Investment Commission accused ANZ of "unconscionable conduct and market manipulation". ...
How did Iceland clean up its banks? image
Source : BBC [Read Article] Wednesday 10th of February 2016 12:06:54 AM
...."We had an inside fraud case [which got] 12 months' imprisonment; breaches on the Company Act [which got] six and eight months' imprisonment and the lawyer was revoked. "Then we had a market manipulation case and fraudulent loans case connecting to Landsbanki. ...
Navinder Sarao broke no English laws and has 'gossamer thin' link to the Wall Street flash crash, lawyers say image
.... . Mr Sarao, who is resisting an attempt to extradite him to the United States on 22 charges linked to market manipulation, placed and rapidly cancelled large volumes of buy and sell orders on the Chicago Mercantile Exchange from his bedroom in west London. ...
Flash crash trader Navinder Sarao begins extradition fight image
Source : Telegraph [Read Article] Thursday 4th of February 2016 09:19:08 PM
.... . Navinder Sarao, the 37-year-old who is fighting extradition to the United States, has been charged with 22 counts relating to market manipulation that come with a maximum sentence of 380 years if he is found guilty. ...
'Flash crash' extradition hearing starts image
Source : BBC [Read Article] Thursday 4th of February 2016 03:09:48 PM
....A hearing into whether Navinder Sarao, the so-called "flash crash" day trader, can be extradited to the US has begun. Mr Sarao, who traded from his parents' home in Hounslow, west London, is accused of market manipulation that caused a 1,000-point fall on the US Dow Jones index in 2010. ...
Trader made nearly $900,000 profit from 'flash crash', court hears image
Source : Guardian [Read Article] Thursday 4th of February 2016 01:49:18 PM
....”. In cross-examination, Summers said that data examined by a prosecution witness, Terrence Hendershott, showed that Sarao’s trades had an abnormally high cancellation rate, which he said was consistent with market manipulation. ...
Lloyds under investigation by FCA over possible market rigging image
Source : Guardian [Read Article] Wednesday 6th of January 2016 08:49:37 PM
....Fines levied by the FCA are handed to the Treasury after the government introduced changes in response to the public outcry that followed the fines imposed on Barclays for Libor rigging in June 2012. This was the first major fine and was followed by a wave of other penalties for market manipulation. ...
From smoking diesels to Sports Direct: the business year in review image
Source : Guardian [Read Article] Sunday 27th of December 2015 09:00:14 AM
....That was (broadly) the scene in April when the US authorities alleged that Navinder Singh Sarao, dubbed the “Hound of Hounslow” in a reference to Martin Scorsese’s film The Wolf of Wall Street, had “spoofed” markets from his parents’ semi-detached home, using commercially available software to place $200m of false trades. The agency added that the supposed market manipulation contributed to the “flash crash” on 6 May 2010, when the Dow Jones index plunged 600 points in five minutes and created havoc in the world’s financial markets, before largely recovering the same day. ...
Scottish man charged in US for 'using Twitter to manipulate share prices' image
Source : Telegraph [Read Article] Friday 6th of November 2015 12:28:37 AM
....” . “This investigation dismantled a stock market manipulation scheme that operated with one goal in mind - to falsely defame a company in order to destroy its stock value for financial gain,” said Special Agent in Charge Johnson. ...
US high-frequency trader convicted in first US 'spoofing' case image
Source : Guardian [Read Article] Wednesday 4th of November 2015 08:16:05 AM
....A jury has convicted a high-frequency trader of commodities fraud and “spoofing”, in the US government’s first criminal prosecution of the banned trading practice. The verdict in the trial of Michael Coscia, owner of New Jersey-based Panther Energy Trading, may prompt prosecutors to pursue market manipulation cases and spur some high-speed traders to review their strategies, in which orders are sometimes executed or canceled within milliseconds after they are entered. ...
US seals first prosecution against stock market trader for 'spoofing' image
Source : Telegraph [Read Article] Tuesday 3rd of November 2015 11:48:40 PM
.... . In April, the US Justice Department and the US Commodity Futures Trading Commission brought criminal and civil spoofing charges against Navinder Sarao, a London-based trader accused of market manipulation that contributed to the May 2010 "flash crash". ...
Porsche market manipulation trial opens image
Source : BBC [Read Article] Thursday 22nd of October 2015 12:04:48 PM
. Two former Porsche executives have gone on trial in Germany accused of market manipulation over a failed Volkswagen takeover bid. ...
SEC's 'broken windows' policing of Wall Street 'deeply flawed' or necessary? image
.... In the 2013 fiscal year, for instance, 132 of those 686 cases involved the relatively plain vanilla issue of failing to report a change in stock ownership or a stock sale by a corporate insider, like a director or CEO, in a timely manner. These are a far cry from what we usually think of when we think of “SEC enforcement actions”: they aren’t accounting irregularities, fraud, or market manipulation. ...
SFO probes 'whether Bank of England advised lenders during auctions' image
Source : Telegraph [Read Article] Monday 28th of September 2015 09:53:17 PM
.... Mark Carney, Bank of England Governor. Mark Carney, the Bank's governor, told MPs that the central bank had uncovered 50 instances of market manipulation and that 42 of these had been handed to the City watchdog, which is investigating several of them. ...
Don’t worry about the triple-dip recession - it was just a dream sequence image
Source : Guardian [Read Article] Sunday 27th of September 2015 08:00:03 AM
....Ian Drysdale, a former FX trader at Royal Bank of Scotland, is suing the state-backed lender over his dismissal last year. He is one of a number of foreign exchange and Libor traders to file claims against former employers after banks fired dozens of staff in the wake of an investigation by US and British authorities into alleged market manipulation. ...
'Flash crash' UK trader faces extra charges as US fights for extradition image
Source : Daily Express [Read Article] Friday 25th of September 2015 05:33:00 PM
....Mr Sarao was granted bail last month while he fights extradition to America after he was arrested on April 21 at the request of the US authorities. He faces 22 charges including wire fraud, commodities fraud and market manipulation, which carry sentences totalling a maximum of 380 years. ...
'Flash Crash' trader Navinder Sarao facing new allegations image
Source : Telegraph [Read Article] Friday 25th of September 2015 03:13:32 PM
...." . Mr Sarao was arrested in April and faces 22 charges, including wire fraud, commodities fraud and market manipulation between 2009 and last year. ...
'Flash crash' trader's extradition hearing put back amid new claims image
Source : Guardian [Read Article] Friday 25th of September 2015 11:50:29 AM
....The extradition hearing of Navinder Singh Sarao, the British trader accused of contributing to a so-called flash crash in financial markets, has been put back until February. The London-based trader, who is accused by the US authorities of market manipulation, appeared in Westminster magistrates court for what was expected to be a hearing into his possible extradition. ...
'Flash crash' trader to appear in court to fight extradition to US image
Source : Guardian [Read Article] Friday 25th of September 2015 05:00:09 AM
. The London-based trader accused by US authorities of market manipulation that helped cause the 2010 Wall Street “flash crash” is due to appear in court on Friday to fight extradition to the United States to face trial. ...
UK trader accused over Wall Street 'flash crash' faces US extradition hearing image
....The US Justice Department claims Sarao and his company, Nav Sarao Futures Limited, made £26m illegally over five years. The former bank worker and Brunel University student faces 22 charges including wire fraud, commodities fraud and market manipulation, which carry sentences totalling a maximum of 380 years. ...
China brokerage shares fall on probe image
Source : BBC [Read Article] Wednesday 16th of September 2015 03:31:52 AM
.... Its Shanghai listed shares have lost over 60% of their value so far this year. Chinese regulators have been cracking down on alleged market manipulation intensely among other restrictive measures since mainland shares started their steep slide downwards in June. ...
Brazil's continuing corruption problem image
Source : BBC [Read Article] Tuesday 15th of September 2015 11:02:21 PM
....Take the case of former billionaire Eike Batista, once the richest man in the country. He fell from grace last year after his energy, mining and shipbuilding empire collapsed, and he was charged with insider trading and market manipulation, charges he denies. ...
Global code of conduct for currency traders by 2017, say central banks image
Source : Guardian [Read Article] Wednesday 9th of September 2015 01:47:38 PM
....Critics have accused regulators of failing to adopt measures that tackle the culture on trading floors that led to the scandals. Britain has already made rigging of currency and other market benchmarks a criminal offence, and the EU is also introducing tougher punishments for market manipulation. ...
‘Disappeared’ Chinese hedge fund boss says “I was not investigated” image
Source : Independent [Read Article] Monday 7th of September 2015 08:57:59 AM
....Li’s ‘disappearance’ prompted speculation she was taken into custody last week. It came after a series of confessions from journalists and members of the financial industry in a campaign against market manipulation lead by Chinese authorities. ...
'Flash crash' trader indicted by US grand jury image
Source : Guardian [Read Article] Friday 4th of September 2015 08:53:42 AM
. London day trader Navinder Sarao has been formally indicted by a US federal grand jury on charges of market manipulation that prosecutors say helped contribute to the 2010 “flash crash”, according to a court filing made public on Thursday. ...
'Flash crash' trader Navinder Singh Sarao was worried 'people will become aware of what I am doing' image
.... . The 36-year-old, who has been charged with 22 counts of fraud and market manipulation, told a computer programmer that if other participants in the market could see what he was doing, it would “render my spoofing [market manipulation] pointless”. ...
Britain's economy would be lost without immigration image
Source : Telegraph [Read Article] Saturday 29th of August 2015 12:41:50 PM
.... But if oil goes sub $40 … . Robert Shiller, the Nobel prize winning economist of Irrational Exuberance fame, is about to publish a book on market manipulation and deception, Phishing for Phools, in which he argues that bubbles are often associated with half-baked popular myths that inspire investor optimism, but can neither be proved nor disproved. ...
'Flash crash' trader hearing to proceed image
Source : BBC [Read Article] Friday 28th of August 2015 01:31:07 PM
.... . He has been accused by US authorities of market manipulation that contributed to the 2010 Wall Street "flash crash". ...
'Flash crash' trader to be released on bail image
Source : Guardian [Read Article] Friday 14th of August 2015 11:46:30 AM
.... Mark Summers QC, representing the Americans, said the US authorities would not oppose the latest application for bail, subject to conditions, including depositing the Swiss funds in an account that can be accessed only by Sarao’s lawyers. US authorities have accused Sarao of alleged market manipulation over five years and had warned him against his activities as recently as 6 April. ...
'Flash crash' trader freed on bail image
Source : BBC [Read Article] Friday 14th of August 2015 11:41:45 AM
.... . The US Justice Department (DoJ) wants him extradited on wire and commodities fraud and market manipulation charges. ...
America is on the wrong side of history image
Source : Guardian [Read Article] Thursday 6th of August 2015 01:02:59 PM
.... Back then, the G7 dominated global economic policymaking; today, China is the world’s largest economy (in purchasing-power-parity terms), with savings around 50% larger than that of the US. In 2002, western financial institutions were thought to be wizards at managing risk and allocating capital; today, we see that they are wizards at market manipulation and other deceptive practices. ...
Business must collaborate - without it the world is brutal and terrifying image
....Related: UK energy system is in thrall to giant utilities at customers' expense. While competition law may not always forbid collaboration between businesses, it does engender fear of perceived collusion or market manipulation, because the penalties for that are so high. ...
SEC 'investigating Twitter stock surge' after fake takeover story image
Source : Telegraph [Read Article] Tuesday 14th of July 2015 11:03:47 PM
. The Securities and Exchange Commission is investigating whether a sudden spike in Twitter’s share price on Tuesday was caused by market manipulation. ...
Panic and blame in China's markets image
Source : BBC [Read Article] Monday 6th of July 2015 05:04:32 AM
....But what constitutes victory? And who exactly is the enemy? This leads us to step three:. A few bad apples? At the end of last week the China Securities Regulatory Commission (CSRC) announced an investigation into market manipulation. ...
China targets market abusers as stock price collapse continues image
Source : Independent [Read Article] Saturday 4th of July 2015 12:30:26 AM
. Chinese stock markets tumbled again on Friday as the country’s financial watchdog began an inquiry into suspected illegal stock market manipulation. ...
Panic wipes £2tn off Chinese shares image
Source : Guardian [Read Article] Friday 3rd of July 2015 06:29:09 PM
....The authorities had cut fees and eased borrowing rules that make it cheaper to buy shares in the hope it would cheer investors battered by the relentless selling since 12 June. A promise by the main stock market regulator to tackle concerns of market manipulation, which has sapped investor confidence in recent days, also failed to halt the slide. ...
Volatility in China's stock markets stokes conspiracy theories image
Source : Guardian [Read Article] Friday 3rd of July 2015 01:06:56 PM
.... Towards the end of trading there were small huddles around the terminals as some investors engaged in last-minute buying and selling. According to state media, China’s securities market regulator is investigating suspected market manipulation as it attempts to prevent a crash. ...
Chinese stock market has lost £1.5 trillion in the last three weeks image
Source : Independent [Read Article] Friday 3rd of July 2015 12:12:28 PM
....25 per cent, falling below 4,000 for the first time since April. China's stocks have fallen massively this month (Bloomberg) The fall has been so precipitous that China's financial regulator has said it will investigate suspected market manipulation. ...
Chinese investors panicky as falling stocks give up most of year's gains image
. Chinese stocks slumped again on Friday, taking their three-week tumble to nearly 30% and wiping out most of this year’s gains, prompting regulators to launch investigations into suspected market manipulation. ...
The Bank of England hopes these rules will stop another Libor scandal image
Source : Telegraph [Read Article] Wednesday 10th of June 2015 07:03:55 PM
.... . Libor rigging, the indiscretion most associated with the market manipulation scandals, is now a criminal offence in its own right, and recently, the Government extended this to other financial markets, such as currency and gold. ...
Three charts that show Iceland's economy recovered after it imprisoned bankers and let banks go bust - instead of bailing them out image
....Iceland also allowed bankers to be prosecuted as criminals – in contrast to the US and Europe, where banks were fined, but chief executives escaped punishment. The chief executive, chairman, Luxembourg ceo and second largest shareholder of Kaupthing, an Icelandic bank that collapsed, were sentenced in February to between four and five years in prison for market manipulation. ...
Osborne’s Mansion House hot topics: rigging, ringfences and RBS image
Source : Guardian [Read Article] Saturday 6th of June 2015 02:59:10 PM
....The fair and efficient markets review announced in last year’s Mansion House speech is expected to completed by the time Osborne and Carney speak on Wednesday. Bankers expect a tougher set of rules to clamp down on market manipulation in the light of record fines imposed recently for rigging foreign exchange markets, and more emphasis on individual responsibility. ...
Dame Colette Bowe interview: How the economist plans to restore our trust in the banks image
....More is to come. The Bank of England’s Fair and Effective Markets Review (FEMR) is shortly expected to suggest greater powers to ban those involved in market manipulation and a new senior managers’ regime is designed to clarify lines of responsibility. ...
Source : Independent [Read Article] Wednesday 27th of May 2015 12:11:02 AM
.... . In a matter of weeks we are likely to see proposals to make a host of previously unregulated markets – metals and energy as well as the aforementioned foreign exchange – subject to the same rules that govern the trading of equities, where  there has long been an established framework for handling those who  indulge in market manipulation. ...
How China's richest man Li Hejun lost $15bn in an hour - and made a fortune image
....Now it has emerged that Mr Li had bet against his own company's fortunes - increasing his "short" in Hanergy by 796 million shares on 18 May, just two days before the company nosedived. The news comes as Hong Kong regulators were revealed to have been investigating allegations of market manipulation in Hanergy shares for several weeks. ...
Why putting bank bosses behind bars is still nigh on impossible image
Source : Guardian [Read Article] Saturday 23rd of May 2015 03:00:09 PM
....Deciding on the correct charge is another problem. Hauksson is bringing charges for market manipulation, fraud, embezzlement and fraudulent loans. ...
Source : Independent [Read Article] Thursday 21st of May 2015 12:37:01 AM
....RBS took part in November’s settlement but said it would pay another $669m to the DoJ and Federal Reserve to resolve the investigations. Banks have suspended, put on leave or fired a number of staff for their involvement in market manipulation. ...
Company loses £12bn in value after CEO skips annual meeting image
Source : Telegraph [Read Article] Wednesday 20th of May 2015 05:18:05 PM
.... . Hanergy is under investigation by Hong Kong’s market watchdog for alleged market manipulation, according to Reuters. ...
High Court rules 'flash crash' trader Sarao poses a clear flight risk image
Source : Independent [Read Article] Wednesday 20th of May 2015 04:33:52 PM
....The US Justice Department claims Mr Sarao and his company, Nav Sarao Futures Limited, made £26m illegally by manipulating the market over a five-year period. He faces 22 charges including wire fraud, commodities fraud and market manipulation and faces long jail sentences if convicted. ...
'Flash crash' trader loses bail appeal image
Source : BBC [Read Article] Wednesday 20th of May 2015 11:28:47 AM
...."There's no substantial reassurance that this applicant is not a flight risk," he said. Mr Sarao, 36, was arrested on a US extradition warrant on 21 April after being charged with wire fraud, commodities fraud and market manipulation by the US Department of Justice (DoJ). ...
British Bank fines to pass £10billion barriers image
Source : Daily Express [Read Article] Sunday 17th of May 2015 04:34:00 PM
....RBS has already paid out £474million in forex fines to the FCA and CFTC and has set aside £704million to deal with the cost of further fines and litigation. Last summer the Serious Fraud Office launched a criminal investigation into the currency market manipulation scandal, which could result in a number of individuals being prosecuted. ...
British Bank fines to pass £10billion barriers image
Source : Daily Express [Read Article] Sunday 17th of May 2015 04:34:00 PM
....RBS has already paid out £474million in forex fines to the FCA and CFTC and has set aside £704million to deal with the cost of further fines and litigation. Last summer the Serious Fraud Office launched a criminal investigation into the currency market manipulation scandal, which could result in a number of individuals being prosecuted. ...
Flash Crash trader gets legal aid to fight extradition  image
Source : Telegraph [Read Article] Wednesday 13th of May 2015 12:00:22 PM
.... . Mr Sarao has been in custody since his arrest on April 22 on US charges of market manipulation, wire fraud and commodities fraud. ...
George Osborne's flashy giveaway of Lloyds shares image
Source : Guardian [Read Article] Tuesday 12th of May 2015 11:26:22 PM
....The leaders of the Labour and Liberal Democratic parties have gone, taking responsibility for their parties’ policy shortcomings. By contrast, those who served on the boards of banks during periods of “market manipulation, failed acquisitions, rampant money-laundering and tax-related wrongdoing” tend to acknowledge responsibility but rarely offer their resignation. ...
Flash crash trader appeals his bail conditions image
Source : Telegraph [Read Article] Friday 8th of May 2015 11:05:34 AM
. Navinder Sarao, the trader accused of market manipulation ahead of the 2010 “flash crash”, is filing a High Court appeal against the £5m bail security that he has been unable to pay. ...
Flash Crash trader Navinder Singh Sarao fails to post £5m bail, says he was just 'being good at his job' image
....The so-called Hound of Hounslow was arrested last month after US authorities alleged his trading activities contributed to a sharp stock market plunge that wiped billions of dollars from the value of American shares in a matter of minutes. He has been charged with wire fraud, commodities fraud and market manipulation and US prosecutors want him to be extradited. ...
Crash trader: 'I did nothing wrong' image
Source : BBC [Read Article] Wednesday 6th of May 2015 11:28:03 AM
....A UK trader accused of contributing to the 2010 Wall Street "flash crash" has protested his innocence in court, saying he did not "do anything wrong". Navinder Singh Sarao, 36, has been charged with wire fraud, commodities fraud and market manipulation by the US Justice Department (DOJ). ...
Flash crash trader: I've done nothing wrong - apart from being good at my job image
.... Navinder Sarao's home in Hounslow . Mr Sarao, aged 36, was dubbed the Hound of Hounslow after US authorities issued 22 charges related to market manipulation before the Flash Crash, which took place exactly five years ago. ...
UK 'flash crash trader' bail application turned down image
Source : Guardian [Read Article] Wednesday 6th of May 2015 10:09:40 AM
.... The US Department of Justice (DoJ) said last month that it was seeking his extradition on allegations that he made $40m (£27m) by “spoofing” financial markets with $200m of false trades. The agency added that the supposed market manipulation contributed to the flash crash on 6 May 2010, when the Dow Jones index plunged 600 points in five minutes and created havoc in the world’s financial markets. ...
UBS in 'advanced' forex probe talks image
Source : BBC [Read Article] Tuesday 5th of May 2015 07:49:23 AM
.... . The Swiss bank is being investigated in the US and around the world for possible market manipulation. ...
UK finance watchdog looks at new market-rigging claims image
Source : Guardian [Read Article] Friday 1st of May 2015 09:23:46 AM
.... Trading videos seen by the Times show trades as large as 24,000 lots, with a notional value of £12bn, being placed and then rapidly withdrawn. One Liffe trader asked Paul Fisher, who until last year was executive director responsible for markets at the Bank of England and is now deputy head of the Prudential Regulation Authority, to look into potential market manipulation of short sterling contracts. ...
Flash crash trader Navinder Singh Sarao given another week to raise £5m bail image
Source : Independent [Read Article] Wednesday 29th of April 2015 11:47:36 AM
....05 million bail. Navinder Singh Sarao has been charged by the US Department of Justice with wire fraud, commodities fraud and market manipulation. ...
Flash Crash trader remains in custody image
Source : Telegraph [Read Article] Wednesday 29th of April 2015 10:13:24 AM
.... . The US Department of Justice intends to extradite him to be tried on 22 charges of wire fraud, commodities fraud and market manipulation. ...
Barclays sets aside a further £1bn over forex rigging and PPI mis-selling image
Source : Guardian [Read Article] Wednesday 29th of April 2015 07:18:00 AM
.... It’s bad for banks and it’s bad for Britain,” said David Hillman, spokesman for the Robin Hood tax compaign. The charges – £800m for currency market manipulation and £150m for PPI – resulted in profits falling by 26% to £1. ...
Flash crash trader in court again image
Source : BBC [Read Article] Tuesday 28th of April 2015 05:49:23 PM
.... . Mr Sarao has been charged by the US Department of Justice (DoJ) with wire fraud, commodities fraud and market manipulation. ...
UK 'flash crash' trader to appear in court after failing to make bail image
Source : Guardian [Read Article] Tuesday 28th of April 2015 03:33:42 PM
....7m is a loan. Sarao is facing 22 charges including wire fraud, commodities fraud and market manipulation, which carry sentences totalling a maximum of 380 years. ...
Flash crash trader who made $40m to appear in court after failing to raise bail funds image
.... . Mr Sarao first appeared at Westminster Magistrates’ Court on April 22 to face the charges of wire fraud, commodities fraud and market manipulation. ...
Crisis over? Not yet: 2015 will be the worst year in history for UK bank fines image
.... . UK banks - Royal Bank of Scotland, Lloyds, HSBC and Barclays - will pay more in fines for mis-selling and market manipulation in 2015 than in any year to date, according the credit ratings agency. ...

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