All posts by Julie Ros

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Monetary Policy Risks Becoming Ineffective in Low Growth World: ECB Coeure – Reuters Monetary policy risks becoming ineffective in a world where growth is sluggish, economies are deeply interconnected and interest rates are already near zero, a top European Central Bank policy maker said on Saturday. Read More

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Draghi Says ECB Will Do What It Must to Spur Price Gains – Bloomberg European Central Bank President Mario Draghi set the scene for further stimulus in two weeks’ time, saying the institution will do what’s necessary to reach its inflation goal rapidly. Read More

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Barclays Took a Last Look at Its FX Trades – Bloomberg This is bad customer service: On June 6, 2011, in an email discussion about Last Look, a Barclays Managing Director and Head of Automated Electronic FX Trading wrote: “Do not involve Sales in anyway [sic] whatsoever…”

•  Barclays to Pay $150 Million Over ‘Last Look’ Trading System – Wall Street Journal (subscription)

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UK Court Rules Against Citigroup in Dispute with Former FX Trader – Reuters A London employment tribunal has ruled against US bank Citigroup on Tuesday in a dispute over the dismissal of a foreign exchange trader.

• Stimpson Wins Unfair Dismissal Case Against Citi – Profit & Loss

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Investment Banks’ Revenue Set to Decline Again in 2015: Survey – Reuters Revenue at the world’s 10 largest investment banks is on course to decline again in 2015 by two percent to $148 billion compared to a year ago, although a strong showing in equities will limit the fall, a survey on Tuesday showed. Read More

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Economists Overwhelmingly Expect Fed to Raise Interest Rates in December – Wall Street Journal (subscription) WSJ survey finds about 92% of economists surveyed see December liftoff. Read More

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China Changes Its Currency-Market Ways – Wall Street Journal (subscription) Beijing’s typically ham-handed approach to yuan interventions may be giving way to subtler techniques. Read More

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Euro Weakens as Draghi Boosts Speculation of Deposit-Rate Cut – Bloomberg The euro fell toward a six-month low after European Central Bank President Mario Draghi said economic risks to the region were “clearly visible,” boosting speculation policy makers will increase currency weakening stimulus. Read More

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Prosecutors Announce More Charges in JPMorgan Cyberattack – NY Times Federal prosecutors in Manhattan on Tuesday announced additional criminal charges against three men accused of being part of a huge cyberattack against JPMorgan Chase, as well as other banks, brokers and financial information publishing companies. Read More

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China’s Deflation Pressures Signal More Monetary, Fiscal Easing – Bloomberg China’s consumer inflation waned in October while factory-gate deflation extended a record streak of negative readings, signaling policy makers may need to hit the gas again to ease deflationary pressures. Read More