Italian tax police have confiscated 17 million euros ($24 million) from French bank BNP Paribas. The seizure is part of an inquiry into derivatives that a BNP Paribas-owned bank sold to local governments in Sicily, Messina and Taormina.
The investigation has been ongoing since 2009.
Italy police seize 17 mln euros in derivatives case
BNP Paribas Assets Seized in Italy Derivatives Probe
ISE loses appeal; index exclusivity holds
The Illinois Appellate Court has ruled in favor of CBOE, McGraw-Hill and CME Group Index Services, in index options litigation against the ISE.
ProShares launches ETF that targets highly rated corporate bonds
The ETF invests in covered bonds, a type of collateralized corporate debt typically issued by non-U.S. financial institutions.
Euro falls to 22-month low as German business confidence slides
The euro traded close to the weakest level since July 2010 versus the dollar as German business confidence slid and manufacturing shrank, stoking concern fallout from the debt crisis is spreading.
Crude options volatility rises as futures near $90 a barrel
Crude-oil options volatility rose for the first time in three days as underlying futures slipped below $90 a barrel.
