By Emily Flitter, New York Times Published 5:00 am CDT, Monday, July 30, 2018 Photo: Richard Drew /Associated Press Image 1of/1 CaptionClose Image 1 of 1 This Feb. 7, 2018 file photo shows The Charging Bull sculpture in New York's Financial District. A decade after a financial crisis fueled in part by a tangled web of derivatives, regulators still have an incomplete picture of who holds what in this $600 trillion market. less This Feb. 7, 2018 file photo shows The Charging Bull sculpture in New York's Financial District. A decade after a financial crisis fueled in part by a tangled web of derivatives, regulators still have an ... more Photo: Richard Drew /Associated Press Decade after crisis, a $600 trillion market remains murky to regulators 1 / 1 Back to Gallery In the maze of subsidiaries that make up … [Read more...] about Decade after crisis, a $600 trillion market remains murky to regulators
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A decade after crisis, derivatives market is still a murky world
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Emily Flitter New York Times July 22, 2018 NEW YORK — In the maze of subsidiaries that make up Goldman Sachs Group, two in London have nearly identical names: Goldman Sachs International and Goldman Sachs International Bank.Both trade financial instruments known as derivatives with hedge funds, insurers, governments, and other clients.US regulators, however, get detailed information only about the derivatives traded by Goldman Sachs International. Thanks to a loophole in laws enacted in response to the financial crisis, trades by Goldman Sachs International Bank don’t have to be reported. Advertisement A decade after a financial crisis fueled in part by a tangled web of derivatives, regulators still have an incomplete picture of who holds what in this $600 trillion market. Get Talking Points in your inbox: An afternoon recap of the … [Read more...] about A decade after crisis, derivatives market is still a murky world
US bank Citigroup renames Frankfurt office as post-Brexit plans take hold
0 Comments US bank Citigroup renames Frankfurt office as post-Brexit plans take hold BelfastTelegraph.co.uk Citigroup is renaming its Frankfurt office as the Wall Street giant prepares to turn its German operations into its post-Brexit EU headquarters. https://www.belfasttelegraph.co.uk/news/uk/us-bank-citigroup-renames-frankfurt-office-as-postbrexit-plans-take-hold-37026916.html https://www.belfasttelegraph.co.uk/news/uk/article37026917.ece/1da74/AUTOCROP/h342/bpanews_fb56fe78-b36f-4d96-b4bc-871cf5af3c5a_1 Email Citigroup is renaming its Frankfurt office as the Wall Street giant prepares to turn its German operations into its post-Brexit EU headquarters. The Press Association understands that the bank is changing the name of the legal entity to “Citigroup Global Markets Europe” this week, replacing its previous “Deutschland” designation. The move helps prepare the site for a new licence – yet to be approved by the German regulator – that … [Read more...] about US bank Citigroup renames Frankfurt office as post-Brexit plans take hold
Citigroup: Apple to order 90 million units of the Apple iPhone 6 from Foxconn this year
Citigroup Capital Markets has issued a report to its customers claiming that Apple plans on ordering 90 million units of the Apple iPhone 6 from contract manufacturer Foxconn during 2014. An analyst at the firm, Wei Chen, says that Apple will increase orders for its iconic smartphone by 24% over the number it ordered in 2013. Last year, Apple ordered 13% more iPhone units than it did during the previous year.While Apple is continuing to show growth in the number of iPhone units it will take delivery of this year, growth of smartphones globally are forecast to slip to 28% in 2014 from 40% last year. Such shipments in markets considered "mature" are predicted to grow 4% this year, down from 5% last year.The latest speculation has the Apple iPhone 6 launching as soon as July, although that is based on an analysis of the supply chain by Mizuho Securities analyst Abhey Lamba. The analyst expects the Apple iPhone 6 to be released in July with a 4.7 inch screen, followed by a fall release of … [Read more...] about Citigroup: Apple to order 90 million units of the Apple iPhone 6 from Foxconn this year
10 big, huge things that are somehow smaller than Apple’s market cap and cash chest
Apple's riches is a favorite topic of tech media; a bottomless well of inspiration for works of hyperbole, awe, blind devotion, huge numbers, and arbitrary financial comparisons that make varying amounts of sense, but contain mandatory "wowza!" of epic proportions.If you are out of Apple's infinite financial loop, let us present you with a quick refresher - as of today, August 18, Apple's market cap is valued at $664.37 billion, and in the beginning of 2015, following an extremely successful last quarter of 2014, the value stood at a whopping $750 billion. Moreover, over the summer, the company's cash pile broke over $200 billion for the first time, reaching up to $203B in cold, hard cash.Apple literally has more money than it knows what to do with, but that's its own, erm, problem to take care of. What we wanted to do is to give you a different, and hopefully entertaining perspective on how much of a big deal Apple really is from a business point of view. This is a list of 10 things … [Read more...] about 10 big, huge things that are somehow smaller than Apple’s market cap and cash chest