Wednesday, May 25, 2016

Jim Rickards*: The Federal Reserve 
Isn’t Hiking Because 
The U.S. Economy Is Too Weak
Boom Bust .. Discussion with Jim Rickards – author of The New Case for Gold – to talk about the Federal Reserve & the U.S. economy .. 1/2 hour total program

1 comment:

Anonymous said...

Citigroup to Pay $425 Million to Resolve CFTC’s Benchmark Claims

Bank accused of attempting to manipulate ISDAfix swap rates
Accord also resolves allegations over rigging of Libor

Citigroup Inc. will pay $425 million to resolve U.S. Commodity Futures Trading Commission claims that the bank attempted to manipulate global benchmarks for interest-rate products multiple times from 2007 to 2012.

The CFTC announced two settlements Wednesday with New York-based Citigroup over allegations involving the ISDAfix, as well as London and Tokyo benchmarks.

Citigroup will pay $250 million over allegations tied to ISDAfix, a global interest-rate benchmark used by banks, and $175 million for alleged abuses linked to the London Interbank offered rate, the regulator said in two separate statements.

lunch money