Markets

Here’s How Deutsche Bank and Others Rigged the Silver Market

German behemoth Deutsche Bank agreed last spring to assist plaintiffs and regulators by ratting out their co-conspirator banks in a wide ranging scheme to rig prices and cheat clients. They cut a deal to avoid even larger monetary damages and criminal prosecution. Executives there agreed to pay nearly $100 million to settle their legal troubles and share information.


Months Later, Cigna Responds to DOJ Antitrust Lawsuit

Health insurer Cigna answered the U.S. Department of Justice’s lawsuit against the insurer and its proposed acquirer Anthem Monday, two months after the department sued the payer over antitrust concerns. In the DOJ’s lawsuit, the department claimed Indianapolis-based Anthem and …



This Man Wants to Upend the World of High-Frequency Trading

When developers at a top U.S. stock exchange needed help debugging a program that puts time stamps on quotes and trades in July, they could have hired a high-profile consulting firm. Instead, they called a customer who runs a company out of a small office in a Chicago suburb who had weeks earlier called the exchange’s dealings with high-frequency trading firms “completely illegal” on Twitter. …