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Tag Archives: Deutsche Bank

UK regulators to fine Barclays chief; Deutsche Bank’s flub; Wells Fargo $1b fine John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The story of my being awarded the Silver Beaver Award by the Boy Scouts was reported in the Elmhurst Patch, posted by my friend and fellow scouter John Fabry.~JJL The Magnetar Youth Investment Academy held The Night Out for Financial Literacy fundraiser last evening in Chicago. The academy has served more than 14,000 students at 70 schools in the Chicago area. Chance The Rapper spoke with Magnetar Capital’s founder and CEO Alec Litowitz. When asked what he would have invested in when he was 17 years old, Chance replied that he didn’t have…

Deutsche Bank ousts John Cryan and names Christian Sewing as chief John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff JLN Contributing Global Markets Editor Jim Kharouf will be in Washington, DC representing us at the IFM “Smart Financial Regulation Roundtable: Implications of Cryptocurrencies” event on April 11. Later in the week, Kharouf and other members of the JLN team will be at the “IOMA – The WFE’s Clearing & Derivatives Conference” in Chicago.~JJL The CME Group’s market cap on Friday was $53.8 billion. NEX Group’s was $3.7 billion. ICE came in at $41 billion.~JK Don’t forget you have a week (well, eight days) to get in your taxes, which are due April…

What the World’s Governments Are Saying About Cryptocurrencies John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff A young man from my church is going to graduate from college in May and is looking to embark on the beginning of his career in finance. He eventually wants to work in the hedge fund area. I told him there are many paths to get there. He is an outstanding young man, an Eagle Scout from a good family and already dresses like he could be a London banker. He is the founder and president of his college’s investment club and finance director for a consulting company and his college fraternity. If…

The Spread – Week of 1/29 – 2/2 Video,video

We’re baaaack! The flu season stinks but this episode of The Spread doesn’t. The Spread is a brief recap of some of the notable activity in the options world.  The following are stories referenced in this week’s episode of The Spread: MarketWatch – Volatile enough? Wall Street’s fear gauge on track for largest weekly rise in 5 months Cboe – Cboe Global Markets Sets Several Daily Volume Records on Friday, February 2 Bloomberg – VIX Securities Get Traded Like Crazy After Volatility Picks Up Traders – Fragmentation and Liquidity Issues Must Be Addressed to Maintain a Resilient Listed Options Market…

Turn Yourself In, It’ll Be Easier: Bank Cooperation On Spoofing Charges Saves Millions Commentary,Feature

Over the past several months, there has been a fair amount of talk about the Commodity Futures Trading Commission’s push on the so-called “self-reporting” initiative launched last September and aimed at taking it easier on firms that come forward with wrongdoing. Yesterday’s announced spoofing charges and fines include one of the first such self-reporting cases, with HSBC Securities settling for $1.6 million, Deutsche Bank for $30 million and UBS for $15 million. Each was noted for their self reporting by James McDonald, the CFTC’s director of enforcement, who said in a statement: “Today’s enforcement action demonstrates that the commission will…

Push for MiFID II Delay; Libor settlement; Bond volatility Newsletter,Options

Observations & Insight The Kooky News for Friday the 13th Spencer Doar – JLN Befitting the day, there are indeed some weird happenings in our markets. First, recall the release in Observations yesterday – TradingScreen Majority Shareholders Initiate Criminal Legal Action Against Giampiero Grandi, Board Chairman, For Misappropriation Of Corporate Assets. TradingScreen responded to that release with a statement, saying the allegations made were: “false, baseless, and meritless, and has been propagated by the company’s disgruntled former CEO [Philippe Buhannic], who was fired by the Board for cause last year after intentionally hitting an employee in front of numerous witnesses…

Are Chicago trading firms losing out in consolidation?; Hackers target weakest links for insider trading gain John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff As part of the sponsorship of the MarketsWiki Education Recruiting event, some sponsors get a one-minute video produced to tell the story of their internship program. Here is the one from HC Technologies titled, “HC Technologies Talks About Shaping the Next Generation of Derivatives Traders.”~JJL Congrats to Adrienne and Stuart Muir, Alison Hood, Cathy Lyall, Wendy Deguara, Clive Furness, Clare Black, Katy Birch, Jo Sullivan, Rob Alexander, Jo Shannon and Julie Carruthers, who raised £9,748.75 for NICU at Evelina on September 30th. Ibuprofen and heat/ice help.~JK From MarketsWiki: The Indian Energy Exchange…

Sun Trading up for sale; Plight of Deutsche Boerse’s Kengeter; MiFID negotiations John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Resumes from students interested in the MarketsWiki Education Recruiting event on October 16 are starting to flow to us. If you know of a student who may be interested in an internship opportunity in the industry, please direct them to www.marketswikieducation.com. Look for the “Send Us Your Resume” link in the upper right. Our sponsors for the event so far include CBOE, Geneva Trading, OCC, ED&F Man Capital Markets, Fidessa and NFA.~JJL Students attending our MarketsWiki Education Recruiting event can get a FREE studio quality photo taken at the event, courtesy of…

U.S. pension funds sue big banks over stock lending; Henry Hub Emerges as Natural Gas Benchmark; SEC officials’ potential conflicts John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff The CBOE has informed us the speaker for the MarketsWiki Education Recruiting event for the CBOE will be Ed Tilly and/or Chris Concannon. So there you go.~JJL Our post yesterday on Asia Pacific Financial News is available HERE.~JJL It was a action packed week for the Trading Tech 300 program with NEX Group, Nuveen and Enova International offering merit badges to Chicago area Boy Scouts. The feedback from Scouts, parents and Scouting professionals has been terrific. One Scout said the NEX Group session was the “best of the best” of Trading Tech…