Michael Cavanagh Becomes Chief Financial Officer for Comcast
Michael J. Cavanagh, who joined a private equity company after leaving J. P. Morgan Chase & Co, has now become the chief financial officer of Comcast Corp. He was hardly a year at Carlyle Group LP, the previously mentioned private
Read MoreForex Rigging Fines Slapped on Several Banks
Barclays has been fined millions of pounds for rigging the forex market, and the Financial Conduct Authority (FCA) may make an official announcement soon. Simultaneously, regulatory bodies in the US are gearing up to slap a series of fines and
Read MoreAlibaba Announces New CEO And Sees Share Price Increase
The biggest online retailer in the world Alibaba created history in September 2014 when the company went public and raised a record $25 billion. The online retail giant had priced its shares at $68 and without a two month period
Read MoreBank of England Confirms Human Error mis-states gilt purchases by £13bn
Four of the biggest banks in the United Kingdom were charged with misconduct and fraudulent practices based on their past history and together have to pay an estimated £19 billion before the end of 2016. Lloyds Banking Group, the Royal
Read MoreT. Rowe Price Group Experiments with High Frequency Trading
T. Rowe Price Group is testing things out by daily sending some of its orders to Virtu Financial Inc., a high-frequency company. T. Rowe Price Group, which has its offices in Baltimore, hasn’t hidden the fact that it is dead
Read MoreGreece Makes Changes to Team Handling Debt Talks
Yanis Varoufakis, the finance minister of Greece, the most indebted of European states, has rubbished reports that creditors have been sidelining him. He also stressed that he will continue to be part of negotiations to prevent his country’s bankruptcy. Greece
Read MoreFirm Launches New Social Binary Options Trading and Strategy Tools
2options.com, one of the leading investment firms in the world that specialize in binary options and financial derivatives, has recently released a strategy advisor and a comprehensive social trading environment in a bid to expand its product portfolio. The firm
Read MoreForex Traders Who Started Young and Became Successful
Foreign exchange trading, known as forex trading for short, is all about the purchase and sale of currencies from different parts of the world for a profit. Forex traders make profits in two ways. First, they purchase a currency and
Read MoreUK Trader Arrested for Causing 2010 Flash Crash
Acting under the surmise that the flash crash of May 2010 was manipulated, UK authorities have arrested a high-speed trader for alleged involvement. Navinder Singh Sarao, a 36-year-old trader of London, has been charged with manipulation, commodities fraud, and wire
Read MoreShare Prices Jump As Chinese Economy Gets Better
While worries regarding Greece weakened the Euro further, equity markets improved owing to the steps China had to taken to better its economy. On Sunday, the central bank in China reduced the amount of money banks are required to reserve
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