What ‘Highly Unusual’ Markets Are Watching Into the Fed Decision

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What ‘Highly Unusual’ Markets Are Watching Into the Fed Decision – Bloomberg (subscription)

Wednesday’s Federal Reserve rate decision, set to be announced at 2pm New York time, carries more wild cards than most. While market participants don’t expect a rate cut this time around, they do see lower rates this year.

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Citi to Combine Rates, FX in Paco Ybarra’s First Major Reshuffle

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Citi to Combine Rates, FX in Paco Ybarra’s First Major Reshuffle – Bloomberg (subscription)

Citigroup is combining its foreign exchange and rates businesses into a single unit, two months after Paco Ybarra took over as head of the institutional-clients group. Itay Tuchman will continue to lead the currencies business, while Deirdre Dunn and Pedro Goldbaum will co-lead the rates businesses.

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FX Survey 2019: JP Morgan Retains its Lead; Deutsche Bank is Back in Business

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FX Survey 2019: JP Morgan Retains its Lead; Deutsche Bank is Back in Business – Euromoney
This year, Deutsche Bank’s FX business is back at number two, confirming the faith the bank’s beleaguered senior management has expressed in it as an area of core strength.  Admittedly, its share was not enough to unseat JP Morgan, which, for the second year running has won the survey, but the gap from JPM to runner up is now only 1.4%. 

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FSB Report Sounds Warning on Fragmentation

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FSB Report Sounds Warning on Fragmentation – Profit & Loss

A report issued this week by the Financial Stability Board warns that differences between regional and national regulation is heightening the risk of market fragmentation, thus making it harder for global regulators to monitor markets and for global market participants to operate efficiently across borders. The report states, “Differences in rule-making could lead to cross-border regulatory arbitrage.”

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