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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Pre-Marketing: British bank’s Iran problem

Category : Stocks

Standard Chartered hammered by Iran accusations. Also: Gary Gensler: Time to replace Libor. How Google could help prevent the next financial crisis

See original here: Pre-Marketing: British bank’s Iran problem

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CFTC chairman: Congress ‘sides with Wall Street’

Category : Stocks

CFTC Chairman Gary Gensler, tasked with the job of monitoring the $700 trillion derivatives market, decried the House’s proposed budget for his agency at a conference Thursday.

Excerpt from: CFTC chairman: Congress ‘sides with Wall Street’

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$648 Trillion Market Drags Feet As Deadline Nears

Category : Business

NEW YORK (TheStreet) — The $648 trillion over the counter derivatives market will be required to conduct a portion of its trades through a standardized channel–a process known as “central clearing”–by December, but many large players in the industry are in no hurry to comply with the new rules, according to a panel of industry representatives that spoke at a Futures Industry Association conference held in New York Thursday.

While Wall Street has become expert at convincing regulators to delay implementation of rules stemming from the landmark 2010 Dodd Frank Act, Jeffrey Jennings, global head of listed derivatives at Credit Suisse believes regulators at the Commodity Futures Trading Commission (CFTC) are aiming a “Decemberish-type start date,” though they haven’t given specifics. CFTC Chairman Gary Gensler is charged with implementing the new rules.

“Every conversation I have with every CFTC commissioner and every staff member still leads me to believe despite the challenges that will pose, for some subset of market participants–and it’s probably going to be a pretty big subset of market participants–and for some subset of products–it’s probably going to be wider than what we had expected previously–its going to start about the end of this year,” Jennings said. …

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Excerpt from: $648 Trillion Market Drags Feet As Deadline Nears

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