Securities News

Washington - US securities regulators on Monday charged Japanese automaker Nissan and its former CEO Carlos Ghosn with hiding more than $140 million in Ghosn's expected retirement income from investors.

New York - US authorities on Tuesday charged eight people in a scheme to trade on and profit from stolen corporate information hacked from a government database, court papers showed.

Frankfurt Am Main - The former head of German exchange operator Deutsche Boerse has agreed to pay 4.75 million euros ($5.4 million) to end a probe into suspected insider trading, prosecutors said Wednesday.

San Francisco - US securities regulators on Wednesday charged the chief executive of the blood-testing company Theranos, Elizabeth Holmes, and a former president at the onetime soaring Silicon Valley startup with an "elaborate, years-long fraud.

Paris - A surge in support for Brexit has sent investors racing for financial shelter a week ahead of a referendum that could redraw the political map of Europe.

New York - The FBI said on Monday it was probing high-speed trading on Wall Street, a controversial practice in which computers carry out transactions in seconds or faster.

The U.S. Supreme Court on Monday agreed to consider whether class action claims against underwriters of securities issued by a unit of the now-defunct IndyMac Bancorp Inc should be able to proceed.

Luxemburg - The European Court of Justice on Wednesday rejected a British suit that the EU securities authority does not have the right to ban short-selling, a practice widely blamed for stoking financial market volatility.

In the short term, both the US dollar and US Treasury bonds may actually benefit from the downgrade of the US debt and react to panic buying.

New York - Data from a new report by the New York state comptroller shows that bonuses in 2009 jumped by 17 per cent to $20.3 billion, which is an average of $123,850 per employee.

20 people, including attorneys and Wall Street professionals, are reportedly facing criminal charges in a widening $53 million insider trading case.

You may not be surprised to hear that the working method of handling the toxic assets which are poisoning the credit markets is as tricky as the problem. The method involves defusing the toxic assets and creating a “bad bank” to buy them.

Citigroup and Merrill Lynch are buying back $17 billion worth of auction rate securities. That’s either great news, or it means someone’s broken out the superglue. As cans of worms go, this would be the one nobody’s in any hurry to open.

Yep, believe it or not, the banks, of all people are asking for more transparency from the credit rating agencies. That’s a bit like asking the local axe murderers to be less ambiguous. But it’s nice the banks thought to mention it, however belatedly.

In the last few years Algoma Steel has been through banruptcy and restructuring, their stock prices were almost worthless. Now the stock is soaring at over fifty dollars a share amid rumours of a takeover by Salzgitter AG.