EU is shocked that banks colluded on interbank rate
A long time ago some big banks decided that it would be good to sell interest-rate derivatives. To do that they needed an interest rate on which to sell derivatives. Various possibilities presented themselves -- Treasury rates or whatever -- but the interest rates that the banks themselves paid on...
Stocks risk a bubble by pushing too high, too fast
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
Capitalizing on ECB policy easing with options spreads
With the ECB signaling there could be more policy easing in the future, the market reacted by breaking the Euro currency future’s win streak and sending prices lower by 0.70%. Use an options spread to set up a trade with a great risk vs. reward ratio.
SocGen blames single trader after $607 million rate-rigging fine
Societe Generale SA, France’s second-biggest bank, placed sole blame on an ex-trader it didn’t identify for interest-rate rigging that cost it 446 million euros ($607 million) in European antitrust fines.
