Business Investment bank Goldman Sachs , the world's top cablemaker Prysmian , Nexans and eight other cable companies on Thursday lost their challenge against a 302 million euros (US$352.6 million) EU cartel fine. 12 Jul 2018 06:50PM (Updated: 12 Jul 2018 07:05PM) Bookmark LUXEMBOURG: Investment bank Goldman Sachs , the world's top cablemaker Prysmian , Nexans and eight other cable companies on Thursday lost their challenge against a 302 million euros (US$352.6 million) EU cartel fine.The companies had appealed to the General Court, Europe's second-highest court, asking for the European Commission's 2014 decision to be thrown out and their fines reduced.The EU antitrust enforcer said the group ran a power cable cartel for almost 10 years from 1999, sharing markets and allocating customers between themselves. ABB escaped a 33 million euro sanction by alerting the authorities.The court rejected their appeals."The General Court confirms the fines of over 300 million euros … [Read more...] about Goldman Sachs, Prysmian, others lose challenge against 302 million euro EU cartel fine
Investment bank goldman sachs
Goldman Sachs, Prysmian, others lose challenge against 302 million euros EU cartel fine
Business Investment bank Goldman Sachs , the world's top cablemaker Prysmian , Nexans and eight other cable companies on Thursday lost their challenge against a 302 million euros (US$352.6 million) EU cartel fine. 12 Jul 2018 06:50PM (Updated: 12 Jul 2018 06:56PM) Bookmark LUXEMBOURG: Investment bank Goldman Sachs , the world's top cablemaker Prysmian , Nexans and eight other cable companies on Thursday lost their challenge against a 302 million euros (US$352.6 million) EU cartel fine.The companies had appealed to the General Court, Europe's second-highest court, asking for the European Commission's 2014 decision to be thrown out and their fines reduced.The EU antitrust enforcer said the group ran a power cable cartel for almost 10 years from 1999, sharing markets and allocating customers between themselves. ABB escaped a 33 million euro sanction by alerting the authorities.The court rejected their appeals."The General Court confirms the fines of over 300 million euros … [Read more...] about Goldman Sachs, Prysmian, others lose challenge against 302 million euros EU cartel fine
Goldman Sachs, Prysmian, others lose challenge against 302 million EU cartel fine
Business Investment bank Goldman Sachs , the world's top cablemaker Prysmian , Nexans and eight other cable companies on Thursday lost their challenge against a 302 million euros (US$352.6 million) EU cartel fine. 12 Jul 2018 06:50PM Bookmark LUXEMBOURG: Investment bank Goldman Sachs , the world's top cablemaker Prysmian , Nexans and eight other cable companies on Thursday lost their challenge against a 302 million euros (US$352.6 million) EU cartel fine.The companies had appealed to the General Court, Europe's second-highest court, asking for the European Commission's 2014 decision to be thrown out and their fines reduced.The EU antitrust enforcer said the group ran a power cable cartel for almost 10 years from 1999, sharing markets and allocating customers between themselves. ABB escaped a 33 million euro sanction by alerting the authorities.The court rejected their appeals."The General Court confirms the fines of over 300 million euros that the Commission imposed on … [Read more...] about Goldman Sachs, Prysmian, others lose challenge against 302 million EU cartel fine
‘The market is robust:’ Goldman Sachs-backed Circle doubles minimum bitcoin trade size to $500,000
Circle Trade, the trading operation of Circle, has increased its minimum ticket size on bitcoin trades to $500,000. The move comes during a trading lull in the market for digital currencies across crypto exchange venues. Chief executive Jeremy Allaire told Business Insider the size of block trades has grown significantly since the beginning of the year. Trading activity at one of the largest cryptocurrency trading shops is picking up despite a lull across exchanges that trade crypto. In an interview with Business Insider, Circle chief executive Jeremy Allaire said the size of block trades made by Circle Trade, the firm’s over-the-counter trading desk, has grown since the beginning of the year. That’s despite a sharp decline in cryptocurrency trading volumes across retail exchanges. Per data from CoinMarketCap, 24-hour trading volumes are down to about $20 billion a day from all-time highs near $70 … [Read more...] about ‘The market is robust:’ Goldman Sachs-backed Circle doubles minimum bitcoin trade size to $500,000
A Goldman Sachs-backed tech company just bought a major crypto exchange for a reported $400 million
source Ints Kalnins/Reuters Fintech company Circle announced it bought cryptocurrency exchange Poloniex. The company plans to scale the exchange and host a platform for all sorts of tokenized assets. Boston-based financial-technology company Circle just dove deeper into the nascent digital-coin market by scooping up cryptocurrency exchange Poloniex, the company announced Monday. The acquisition, which is reportedly worth $400 million according to Fortune’s Robert Hackett, appears to be a natural move for the five-year-old company, which already facilitates cryptocurrency trades worth upwards of a couple hundred million dollars via its market-making arm Circle Trade. The deal likely makes Circle a unicorn (if it wasn’t already). In July 2016 – before the bitcoin boom of 2017 – Circle was valued at $480 million. A unicorn is a private company worth more than a $1 billion. Notably, Circle counts … [Read more...] about A Goldman Sachs-backed tech company just bought a major crypto exchange for a reported $400 million