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Articles tagged by Deutsche Bank

Is it Time to Re-Write How FX Infrastructure Works? After a number of years having to take reactionary measures in response to new regulatory requirements, panellists at Profit & Loss’ Forex Network New York conference expressed enthusiasm for a new wave of innovation that has the potential to re-shape FX ...
Ex-Citi FX Chief Seeking Investors for Fund? Citi’s former global head of FX trading, Jeff Feig, is reportedly seeking to establish a macro hedge fund and is talking to investors. According to a report by Bloomberg, Feig has teamed up with Chris Fahy, with whom he ...
Banks Facing Challenging Conditions, Rising Uncertainty in Q2 The second quarter of 2016 saw mixed performances amongst some of the major banks, against a background of increasing uncertainty and challenging trading conditions in currency markets. Goldman Sachs posted a 20% year-on-year increase in net revenues in what it calls Fixed ...
FINRA Hits Deutsche Over Squawk Boxes The US Financial Industry Regulatory Authority (FINRA) has fined Deutsche Bank  $12.5 million for “significant supervisory failures related to research and trading-related information it disseminated to its employees…over internal speakers commonly known as squawk boxes”. FINRA says that despite “multiple ...
CFTC Charges Deutsche Over Swaps Reporting Outage The US Commodity Futures Trading Commission (CFTC) has formally charged Deutsche Bank over a breakdown in th ebank’s systems that led to it not reporting swaps data for five days. The CFTC filed the civil Complaint in the US ...
Francisco Handed New Role at Deutsche Deutsche Bank has named Sandra Francisco as its new head of platform sales, North America – listed derivatives and markets clearing, based in New York. Francisco took up the new role on October 7, and is responsible for developing account plans for North American clients transacting in global listed derivatives and markets clearing products. Francisco will also be expected to develop appropriate coverage models and grow profitable market share on a global basis for One Debt, One Equity and One Markets clients in global listed derivatives and markets clearing products.
CFTC Drops Deutsche Bank FX Investigation The US Commodity Futures Trading Commission (CFTC) has closed its investigation into Deutsche Bank’s FX business, the bank revealed in its Q3 results today. In May 2015, a number of major banks were fined more than $5.8 billion for practices relating to alleged collusion and manipulation of the spot FX market around the 4pm London Fix, by a number of regulatory authorities, including the CFTC. Deutsche was not one of the firms named in those settlements, but remained under investigation by the CFTC for its FX market practices.
FXPB Head Leaves Deutsche Bank Jason Vitale has resigned from Deutsche Bank in London, ending a 12-year career at the institution. Vitale, who was global head of FX prime brokerage and co-head of listed derivatives and markets clearing EMEA, is believed to be leaving for a new position in the industry. He joined Deutsche Bank from State Street in June 2004 as client service and product development manager in its FX prime brokerage business, before being appointed to the European PB sales team. His role was expended in 2008 to include fixed income prime brokerage and in 2010 he was appointed global head of FXPB. He took on his current role in June 2012.