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UBS, JP Morgan Headline Digital FX Awards Winners, Citi Nab Six UBS and JP Morgan walked off with the two top awards unveiled at Thursday’s Profit & Loss Digital FX Awards ceremony in London, the US bank becoming the latest, and only the fifth bank in the 13 year history of the ...
Closure for Carlier as Lloyds Pull Plug on Action Sources familiar with the issue tell Profit & Loss that Lloyds has asked the judge in the tribunal hearing an appeal by Paul Carlier to end the action with the bank paying the full settlement amount owed with no costs deducted. ...
Standard Bank South Africa Selects Tradair Standard Bank South Africa (SBSA) has announced it has selected Tradair’s e-FX platform to assist with the evolution of its FX market-making business. In a press release, Tradair states that the bank’s long-term strategic vision is to “dominate ...
Gill Appointed to Head BNY Mellon Markets in EMEA BNY Mellon has appointed Richard Gill as head of its Markets business for EMEA. Gill will lead the regional business strategy and have overall responsibility for managing Markets within EMEA. He will report to Michelle Neal, president of BNY Mellon ...
Second Australian Bank Targeted by Regulator Over Benchmark Fixes Westpac today became the second local bank to be accused of “unconscionable conduct and market manipulation” by the Australian Securities and Investments Commission (ASIC) relating to the setting of the Bank Bill Swap Rate (BBSW) interest rate benchmark fix. Last ...
BIS 2016 Triennial Central Bank Survey Begins The Bank for International Settlements (BIS) launched its Triennial Central Bank Survey of Foreign Exchange and Over-The-Counter Derivatives Market Activity today. The survey has been running since 1986, and is regarded as one of the most comprehensive sources of information on ...
SNB Foreign Currency Purchases Jumped 234% in 2015 The Swiss National Bank (SNB) announced today via its annual report that it spent a total of CHF 86.1 billion buying foreign currency during 2015. “The vast majority of foreign currency purchases… [were] made in January,” says the report, also noting that “...
Citi, Hoodless Lock Horns at Unfair Dismissal Tribunal The latest in a series of unfair dismissal claims involving ex-Citi FX traders has been taking place in London, the third of four scheduled hearings. Former Citi trader Robert Hoodless brought an unfair dismissal claim against the bank after he ...
Survey Finds Increased Bank Bonuses for Junior Staff A new survey of front office bankers finds that junior staff have benefited from increased bonuses at the expense of more senior management. The survey, from Emolument.com, says that analysts and associates in front office roles have seen bonuses ...
SNB Confirms 2015 Loss

16:33 March 9th 2016 in News, Banks

SNB Confirms 2015 Loss

Figures released by the Swiss National Bank (SNB) this week show that the central bank lost a total of CHF 23.3 billion during 2015. The SNB’s official annual results confirm the validity of provisional calculations released in January that indicated a ...