Barclay’s FX business’ woes have continued
with a US-based fund bringing a class action lawsuit against the bank over its
use of last look.
The bank was fined
$150 million earlier this month over its use of the controversial practice.
A group of banks and two trading
platforms have been named in a class action lawsuit claiming unfair practices
in the interest rate swaps market.
The class action lawsuit was filed
Wednesday by The Public School Teachers' Pension and Retirement ...
JP Morgan (JPM) has released its 2016 currency forecasts and
among the majors, the bank’s analysts pick the Japanese yen (JPY) as the
star-turn for next year, with fundamentals and politics providing supportive
pillars for the Japanese currency.
The bank ...
last week by Profit & Loss,
Eddie Listorti has been appointed acting
managing director global markets following the resignation of Steve Bellotti.
ANZ says Listorti,
whose appointment is effective immediately, reports to CEO international and
institutional banking Andrew Gé...
A New York court has
ruled in favour of Citi in its dispute with joint family office and global
macro-oriented trading firm, Tormar Associates over the events of January 15 in
the Swiss franc.
J. Paul Oetken, district
judge in the ...
The written judgement in the case of Perry
Stimpson and Citi finds that the claimant was dismissed but generally speaking
on a technicality, with the judge finding that the bank’s own investigation
into the matter were not thorough enough ...
Committee on Banking Supervision has published the results
of its interim impact analysis of its fundamental review of the trading book, assessing the impact of proposed revisions
to the market risk framework set out in two consultative documents ...
The most vulnerable tactical trade heading into the
December Fed hike is ‘long dollar’, and associated positioning, according to
Bank of America Merrill Lynch’s (BAML) November Fund Manager Survey (FMS). The
survey shows that long USD is the most ...
Barclays and Deutsche are facing fresh
misconduct claims in FX markets.
Barclays is set to pay $150
million to settle claims from the New York Department of Financial Services
(DFS) that it acted improperly on its BARX electronic trading platform.
The UK's Serious Fraud Office (SFO) has issued the first
criminal proceedings against 10 individuals accused of manipulating the Euro
Interbank Offered Rate (Euribor).
The individuals, six from Deutsche Bank and four from
Barclays Bank, will be charged with conspiracy to ...