The sale by a private equity firm of the largest gun maker in the US, which was announced after one of the company's weapons was used in the Newtown school shooting last week, is unlikely to be an easy one, experts have said.
IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, and NYSE Euronext (NYSE: NYX), the preeminent global equity, equity options and fixed income derivatives market operator, today announced a definitive agreement for ICE to acquire NYSE Euronext in a stock-and-cash transaction.
At a time when it seemed global banks’ transgressions, from interest-rate rigging to money laundering, could hardly get worse, UBS has managed to break new ground with this week’s revelations of Libor manipulation.
Tom Hayes, one of two former UBS traders charged by U.S. prosecutors, is portrayed by American regulators as the kingpin of a three-year campaign that succeeded in manipulating global interest rates.
UBS, which will pay $1.5bn to settle charges with U.S. and U.K. regulators for manipulating interest rates, is now under scrutiny in Hong Kong for possible misconduct linked to the city’s rates.
The official British Libor manipulation report points the finger at five banks for helping UBS rig the rate. So which banks were they ?
The scale of the UBS Libor-rigging is breathtaking. According to the reports from UK, US and Swiss regulators, nearly 2,000 requests for the Japanese yen Libor to be manipulated were documented, in instant messages, emails and by telephone. Almost every one of them was suspicious.
Goldman Sachs Top Worldwide M&A Advisor – Maintains Top Spot in the US, Europe & Asia Pacific
This could end up being the most expensive cab ride in history.
Two former UBS traders face felony charges for their alleged roles in the rigging of a key global interest rate, the U.S. Justice Department said.
How would you spend an extra million? In Singapore, there's a new option.
John McFarlane has a fearsome reputation for shaking up companies soon after he joins them.
Jon Corzine and other former MF Global Holdings officials have reached a $64.5m settlement of litigation brought by investors seeking to hold them liable for the now-defunct futures brokerage's 2011 bankruptcy.