Topic: Commodity Futures Trading Commission
All Content
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Stocks stumble after a fake tweet announced White House attack
Stocks lost and then recovered on Tuesday after a false tweet announced an attack on the White House. In a matter of minutes, the stock market declined by one percent.
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Worst lapse in years: Fed probes early release of minutes
More than 100 people received Federal Reserve policy minutes some 24 hours before their scheduled release. Federal Reserve and federal regulators are looking to see if any stocks or other securities were traded based on the information.
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Gas prices hit a historic high: What's driving them up?
Gas prices hit a national average of $3.59 Monday – the highest ever for a Feb. 11. Several factors will continue to drive up costs, but not to last year's highs, analysts say.
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UBS to pay $1.5 billion in fines over LIBOR rate scandal
The Swiss bank agreed to the fine Wednesday, settling with US, British, and Swiss regulators. In the case, UBS employees tried to rig the London Interback Offered Rate, or LIBOR, using different currencies.
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Energy Voices The real reason behind oil price rises
In an interview, energy economist James Hamilton reveals how demand for oil keeps outstripping production, even with new shale oil supply coming from the United States.
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Briefing Libor scandal: What is it and why you should care
One bank caught trying to rig an interest rate may be tip of an iceberg. With an estimated $300 trillion in loans or derivative contracts around the world pegged to the interest rate, the scandal is again shaking faith in major international banking centers like Wall Street and London City.
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Senators push Bernanke: Was Fed asleep in the LIBOR rate scandal?
Fed Chairman Ben Bernanke was questioned by senators Tuesday about the central bank's role in the LIBOR rate-setting scandal. He said the Fed had pushed for reform of the rate setting process in 2008 when it became concerned about manipulation of the influential benchmark.
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Barclays scandal prompts furious public backlash in Britain
Barclays CEO Robert Diamond resigned today. As investigations of lending rate manipulation continue a government official says a 'culture that had flourished in the age of irresponsibility' must end.
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Robert Reich Dimon in the rough: Keeping regulators off of Wall Street
The main regulator of derivatives (bets on bets), wants to extend Dodd-Frank regulations to the foreign branches and subsidiaries of Wall Street banks. But JPMorgan CEO Jamie Dimon would greatly prefer this not happen.
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JPMorgan reveals huge $2 billion trading loss
JPMorgan stock drops nearly 7 percent in after-hours trading. JPMorgan CEO Dimon blames 'errors, sloppiness, and bad judgment.'
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Obama calls for tougher penalties for oil market manipulators (+video)
With gas prices a big election issue, Obama says Congress should enact new curbs on speculation and illegal manipulation in a market now dominated by investors.
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Analysts react to Obama plan for curbing oil speculation
Several industry analysts are reacting to President Obama's announced plan Tuesday to curb oil speculation, which some say has to led to rising fuel prices.
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Robert Reich Gas prices rising: Why GOP won't address real cause
Gas prices are rising not because of increased demand but because Wall Street is betting on higher gas prices.
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MF Global bankruptcy: Exec says Corzine knew about missing money
At bankruptcy hearing, an MF Global executive said 'Mr. Corzine was aware' of misused customer funds. About $1.2 billion is still unaccounted for after the bankruptcy.
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Wall Street is its own worst enemy
Capitalism depends on trust, but Wall Street has blanketed America in a miasma of cynicism
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Jon Corzine downfall: Even after 2008, banking sector has untamed risks. (VIDEO)
Former CEO Jon Corzine testified before Congress on the bankruptcy of investment firm MF Global. Its swift collapse in late October recalled events leading to the financial crisis of 2008.
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Bankruptcy of MF Global hits farmers hard
Bankruptcy of the commodities trading firm may include some $1.2 million missing from customers accounts. Farmers, ranchers, and agricultural businesses were cut off from the cash in their accounts when MF Global sought bankruptcy protection in October.
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House committee subpoenas former MF Global CEO Jon Corzine
The former CEO of the bankrupt investment firm has been called before a congressional committee next week.
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No deal yet on debt crisis. How will Asian markets and Wall Street react?
Washington’s self-imposed deadline to do something credible on the debt crisis before the Asian financial markets opened on Sunday passed in silence. "There could be extreme turmoil in markets," says one expert.
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Opinion: Who's to blame for rising oil prices? Speculators
Many blame Middle East turmoil or a weak dollar for rising oil prices, but they provide only a partial explanation. The chief culprit is speculation in oil markets. Fortunately, it can be stemmed with several regulatory steps.
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Obama faces trouble with $4 gasoline
Polls show Americans blame Democrats more than Republicans for $4 gasoline prices, and President Obama's poll numbers show it. But people blame big oil companies even more, which may be a political opening for Obama.
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Fraud in gas and oil prices? Obama's new task force will investigate.
A new working group with officials from nine federal agencies will monitor oil and gas markets for fraud, Obama announced Thursday at a town hall meeting in Reno, Nev.
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Bernanke: Fed to strengthen oversight
Bernanke also says rising commodity prices will have only brief, modest effect on consumer prices. Inflation hawks at the Fed disagree with Bernanke.
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'Flash crash' report: A tale of how not to make a big trade
The May 6 'flash crash' of the stock market was set off by a single $4.1 billion 'sell' order, the SEC reported Friday.
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Wheat prices soar: How will that affect the grocery bill?
Wheat prices have jumped about 75 percent since early July. Drought in Russia and, perhaps, speculators in the commodity markets are behind the increase.
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