The world of cyber security has grown as high visibility attacks captivate media attention whether they surround companies in the private sector (like Sony, Target and JP Morgan) or in the public sector where governments are on the verge of “virtual wars.”
It has been a long week with some sharp moves followed by sideways trade action. There has been little in the way of fundamental developments as the markets seems to be trading more on technical levels with just a smattering of data and news to either continue momentum or slow it considerably.
UBS will pay $545 million to U.S. authorities to end an investigation into alleged manipulation of currency rates, a settlement that will help the Swiss bank to move on after a series of trading scandals.
JPMorgan Chase, the largest U.S. bank, one the largest providers of financial services in the world and one of the most powerful banks in the world has accumulated one of the largest stockpiles of silver the world has ever seen.