BNY Mellon (BK) Fires Senior Currency Trader After Internal Review - WSJ Nov 26, 2014 12:39PM

(Updated - November 26, 2014 12:39 PM EST)

BNY Mellon (NYSE: BK) fired senior London-based currency trader Jon Smaile after an internal review found that his electronic communications breached compliance rules, the Wall Street Journal reported Wednesday citing a person familiar with the matter.

The Journal said the dismissal, which happened in recent months, was a first for BNY Mellon or from any custodial-bank following the regulatory probe into currency-trading... (continue reading...)


BNY Mellon (BK) Fires Senior Currency Trader After Internal Review - WSJ Nov 26, 2014 12:39PM

(Updated - November 26, 2014 12:39 PM EST)

BNY Mellon (NYSE: BK) fired senior London-based currency trader Jon Smaile after an internal review found that his electronic communications breached compliance rules, the Wall Street Journal reported Wednesday citing a person familiar with the matter.

The Journal said the dismissal, which happened in recent months, was a first for BNY Mellon or from any custodial-bank following the regulatory probe into currency-trading... (continue reading...)


U.S. Durable Goods Orders Show Surprise 0.4% Gain in Oct.; Inventories Rise to Highest-Ever Level Nov 26, 2014 08:35AM

(Updated - November 26, 2014 8:35 AM EST)

Oct. Durable Goods Orders 0.4% vs -0.6% Expected, Ex-Trans -0.9% vs 0.5%

UPDATE - More from the U.S. Census Bureau:

New orders for manufactured durable goods in October increased $1.0 billion or 0.4 percent to $243.8 billion, the U.S. Census Bureau announced today. This increase, up following two consecutive monthly decreases, followed a 0.9 percent September decrease. Excluding transportation, new orders decreased 0.9 percent.... (continue reading...)


German Business Confidence Outpaces in Nov. - Ifo Institute Nov 24, 2014 08:17AM

The Ifo Business Climate Index for industry and trade in Germany rose in November to 104.7 points from 103.2 points in October. (Consensus estimates were looking for a reading of 103.) The business climate previously deteriorated six times in a row. Assessments of the current business situation are slightly more favourable than last month. Expectations with regard to the months ahead are also brighter. The downturn in the German economy has ground to a halt for the... (continue reading...)


China Cuts Benchmark Rate Amid Weaknening Growth Prospects; Markets React (FXI) Nov 21, 2014 06:48AM

Markets are active early Friday following news that China has cut its lending rate for the first time in two years, signalling that recent efforts to bolster its ebbing growth trajectory have failed to take hold.

The People's Bank of China (PBOC) said it cut its benchmark one-year loan rate by 0.4 points to 5.6 percent. The last cut was n July 2012.

The PBOC also trimmed its one-year deposit rate by 0.25 points to 2.75 percent. Banks were also given more flexibility in... (continue reading...)


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