First Read George J. Kharouf, 1933-2014 George Kharouf, father of our friend and colleague Jim Kharouf, died this past weekend in Milwaukee at the age of 81. A visitation will be held Friday, December 16, from 5-7 pm at Krause Funeral Home, 12401 W. National Ave., New...
Peregrine
John Lothian Newsletter: Low volumes at U.S. exchanges keep earnings under pressure; PFG Has Regulators on Defense in Congress; Nomura CEO Watanabe to Resign Amid Scandal
As financial exchanges prepare to release earnings, concern is voiced about poor results stemming from ongoing low volumes. The PFG fraud scandal brings regulatory leaders before Congress to testify about what went wrong. In Japan, where systemic wrongdoing is also...
John Lothian Newsletter: CFTC Chief Admits Failure In Oversight Of Peregrine; U.S. To Launch Broad Review Of Futures Firms; Tradition Brokers First Trade On LNG East Asia Index
Gary Gensler, head of the CFTC, agrees that the agency fell short when it failed to detect fraud at Peregrine over a 20-year time frame. With a second, fresh failure in the “customer fund safety” department, a number of companies and regulatory groups in the futures...
John Lothian Newsletter: Peregrine Details Plans For Liquidation; Banks’ Libor Costs May Hit $22Bn; Let Sellers Of The LME Beware
The trustee for exploded brokerage Peregrine Financial announces the liquidation plan for the company; along with that news, there are plenty more updates, developments and commentary on PFG in the newsletter. Continuing liability analysis of the LIBOR scandal...
John Lothian Newsletter
Today’s Newsletter
Dead Chickens, Frozen Oranges Confront Farmers in South After Severe Cold
First Read $29,826/$300,000 (9.9%) Charles Bohm ++++ Hits & Takes John Lothian & JLN Staff The CME set new record volumes in the Ultra 10-Year Note and 30-Year Bond futures on February 23. Ultra 10-Year Note futures reached a record volume of 1.7 million...
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JLN Options Newsletter
Today’s Newsletter
GameStop shares on track to triple for week as options trading spikes; GameStop short-sellers have lost $1.9 billion in just 2 days amid the stock’s latest spike
GameStop shares on track to triple for week as options trading spikes; GameStop short-sellers have lost $1.9 billion in just 2 days amid the stock’s latest spike
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