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Dec 4, 2013
European Commission fines eight banks for fixing rates
Following an investigation led since October 2011, the European Commission finally announced its decision on Wednesday to fine eight European and American financial institutions a total of €1.71B for “participating in cartels in the interest rate derivatives industry.”
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Dec 4, 2013
Session Recap: USD firmer ahead of key data this week
The USD traded a touch firmer versus major competitors Wednesday ahead of key economic data later this week, including the US GDP and the Government employment report, which investors will be closely watching for clues about when the Fed will start scaling back its monetary stimulus.
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