Democrat Clinton Makes History With U.S. Presidential Nomination

Top Headlines

Democrat Clinton Makes History With U.S. Presidential Nomination – Reuters

Hillary Clinton secured the Democratic Party’s White House nomination, coming back from a stinging defeat in her first presidential run in 2008 and surviving a bitter primary fight to become the first woman to head the ticket of a major party in U.S. history.

Read More

FX Committee Surveys Show Trading Was Up During April

Top Headlines

FX Committee Surveys Show Trading Was Up During April – Profit & Loss

FX trading volumes were up in the UK, US, Japan, Canada, Singapore and Australia in April compared to October 2015, according to the FX Committees’ semi-annual results.

Read More

US Justice Department Brings Charges Against Two FX Traders

Top Headlines

US Justice Department Brings Charges Against Two FX Traders – Profit & Loss

Mark Johnson, the head of global FX cash trading at HSBC and Stuart Scott, former head of FX cash trading for EMEA at HSBC, have been officially charged by the US Justice Department with conspiring to defraud HSBC clients by front running orders.

Read More

HSBC’s Johnson Out on Bond After Airport Arrest in Currency Case

Top Headlines

HSBC’s Johnson Out on Bond After Airport Arrest in Currency Case – Bloomberg

Federal agents surprised an HSBC Holdings Plc executive as he prepared to fly out of New York’s Kennedy airport, arresting him for an alleged front-running scheme involving a $3.5 billion currency transaction in 2011.

Read More

Sterling Bounces After BoE Survey; UK Unemployment Rate Falls to 2005 Low

Top Headlines

Sterling Bounces After BoE Survey; UK Unemployment Rate Falls to 2005 Low – CNBC

The U.K. pound surged to a session high on Wednesday morning following better-than-expected jobs data and a business survey from the Bank of England that showed a muted impact from the country’s decision to leave the EU.

Read More

EU State-Aid Rules for Banks in Crisis Backed by Top Court

Top Headlines

EU State-Aid Rules for Banks in Crisis Backed by Top Court – Bloomberg
The European Union’s top court backed EU guidelines designed to prevent taxpayers from footing the bill for bailing out stricken lenders, strengthening the hand of Brussels regulators as Italy fights to shield some bondholders caught up in the nation’s banking crisis.

Read More

European Stocks Rise as Turkish Lira Rebounds After Failed Coup

Top Headlines

European Stocks Rise as Turkish Lira Rebounds After Failed Coup – Bloomberg

Financial markets showed signs of resilience following a failed coup attempt in Turkey, with the lira leading a rebound in emerging-market currencies and stocks gaining ground in Europe and Asia. Haven assets including the yen, gold and U.S. Treasuries fell.

Read More