October 28, 2015 BY Mike Fox
Mizuho, Nordea and UniCredit join R3 distributed ledger and new banking technology consortium
Consortium to develop new technology for global financial markets now comprises 25 banks.
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September 28, 2015 BY Maria Nikolova
Swiss competition watchdog probes seven major banks over metals market manipulation
The Swiss Competition Commission alleges possible illegal competition agreements among the banks to coordinate prices of gold, silver, platinum and palladium.
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September 17, 2015 BY Mike Fox
Global banks form partnership to apply cryptocurrency technology to financial markets
Financial innovation firm R3 to spearhead crypto technology solutions for the multi-trillion dollar financial services sector
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July 07, 2015 BY Mike Fox
Global banks, service providers and market infrastructures create new hub for end-to-end margin processing
Goal is to facilitate compliance with new margin regulations for non-cleared derivatives effective in 2016.
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June 18, 2015 BY Mike Fox
South Korea joins global Forex probes for rigging by banks
Jeong Jae-chan, the chairman of South Korea’s Fair Trade Commission, told a parliamentary hearing that an investigation had begun, although he did not elaborate.
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June 12, 2015 BY Andrew Saks-McLeod
Natallia Hunik reveals Advanced Markets and Fortex new direction - Live from New York City
Natallia Hunik speaks to Andrew Saks-McLeod in New York City about Advanced Markets joint venture with Fortex, how technology will prevent any fallout from future volatility, the onboarding of UBS as a prime brokerage, the company's imminent Shanghai opening and custodial accounts from Macquarie Bank
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May 20, 2015 BY Maria Nikolova
UBS faces no criminal charges from DOJ on FX
The DOJ, however, terminated the 2012 non-prosecution agreement with the bank, which will lead to UBS paying a $203 million fine for LIBOR manipulation.
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May 13, 2015 BY Mike Fox
UBS's Justice Department prosecution protection for LIBOR ripped up - future in US in jeopardy?
"If the DoJ does tear up the UBS agreement, it would mark the first time it has brought criminal charges against a bank that breached the terms of an NPA." - Financial Times
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May 05, 2015 BY Mike Fox
UBS Forex rigging settlement talks with DoJ in final stages
"Discussions with DoJ have continued and are at an advanced stage, although no agreement has been reached ... on the form of a resolution," Zurich-based UBS said on Tuesday.
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April 10, 2015 BY Mike Fox
UBS’s sale of Forex investment products under investigation
Securities arbitration law firm Dimond Kaplan & Rothstein is investigating whether UBS misled investors in the marketing and selling of the complex V10 product and other currency and foreign-exchange transactions.
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