Daily Dispatches

Venezuela's gold holdings drop 19% from Jan.-May

Submitted by cpowell on Thu, 2015-10-29 19:54 Section: Daily Dispatches

By Brian Ellsworth
Reuters
Thursday, October 29, 2015

Venezuelan central bank gold holdings declined in value by 19 percent between January and May, according to its financial statements, likely reflecting gold swap operations and lower bullion prices.

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China's gold imports from Hong Kong jump to 10-month high

Submitted by cpowell on Tue, 2015-10-27 18:40 Section: Daily Dispatches

By A. Ananthalakshmi
Reuters
Tuesday, October 27, 2015

China's net gold imports from main conduit Hong Kong jumped to a 10-month high in September, data showed today, in a strong sign of recovering demand in the second half of the year.

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Banks that run credit-default swaps market suspect their own corruption

Submitted by cpowell on Tue, 2015-10-27 09:29 Section: Daily Dispatches

Inside the Secretive Circle That Rules a $14 Trillion Market

By Nabila Ahmed
Bloomberg News
Monday, October 26, 2015

Fifteen of the biggest players in the $14 trillion market for credit insurance are also the referees.

Firms such as JPMorgan Chase & Co. and Goldman Sachs Group Inc. wrote the rules, are the dominant buyers and sellers, and, ultimately, help decide winners and losers.

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Ex-Goldman banker and Fed employee will plead guilty in document leak

Submitted by cpowell on Tue, 2015-10-27 09:11 Section: Daily Dispatches

By Ben Protess and Peter Eavis
The New York Times
Tuesday, October 27, 2015

A former Goldman Sachs banker suspected of taking confidential documents from a source inside the government has agreed to plead guilty, a rare criminal action on Wall Street, where Goldman itself is facing an array of regulatory penalties over the leak.