globalFXsource0

Future is Fixed Income for JP Morgan, Citi – Wall Street Journal

Top Headlines

Future is Fixed Income for JP Morgan, Citi – Wall Street Journal (subscription)
The three US universal banking giants have largely stuck with their fixed income trading desks, despite poor returns and a constant flow of litigation. But according to research from Alliance Bernstein, the price of commitment will vary. Bernstein has taken a look at how fixed income, currency and commodities trading affects the revenue streams of Bank of America, Citi and JP Morgan.
Read More
globalFXsource, Uncategorized0

No Suspicious Activity Ahead of RBA Decisions, Investigation Continues

Top Headlines

ASIC: No Suspicious Activity Ahead of RBA Decisions, Investigation Continues – Profit & Loss (free story)

The Australian Securities and Investment Commission (ASIC) says it believes that fluctuations in the Australian dollar ahead of the Reserve Bank of Australia’s monetary policy announcements in February, March and April are the result of “normal market operations in an environment of lower liquidity”.


Read More
globalFXsource0

Barclays Boosts Expected Bill for Foreign Exchange Fines to More Than $3 Billion

Top Headlines

Barclays Boosts Expected Bill for Foreign Exchange Fines to More Than $3 Billion – Wall Street Journal (subscription)
Barclays boosted its expected bill for foreign exchange fines to more than £2 billion on Wednesday and said it is working hard to settle investigations with global regulators.

Read More
globalFXsource0

Deutsche Bank Faces Rate Rigging Fine From US, UK Watchdogs

Top Headlines

Deutsche Bank Faces Rate Rigging Fine From US, UK Watchdogs – Reuters
Deutsche Bank faced a multi-billion-dollar fine on Thursday, as British and US officials prepared to announce a legal settlement over alleged attempts at its London-based subsidiary to manipulate interest rate benchmarks.

Read More
globalFXsource0

SNB Move on Negative Rates Sends Swiss Franc Sharply Lower

Top Headlines

SNB Move on Negative Rates Sends Swiss Franc Sharply Lower – Reuters
The Swiss franc fell 1% against the dollar and dropped against the euro on Wednesday after the Swiss National Bank said it was reducing considerably the number of institutions exempt from negative rates on cash deposits held at the central bank.

Read More
globalFXsource0

NY Bank Regulator Says Currency Probe Could Last Months

Top Headlines

NY Bank Regulator Says Currency Probe Could Last Months – Bloomberg
New York bank regulator Benjamin Lawsky indicated he won’t block Barclays from settling a probe into its foreign currency trading operations by the US Justice Department provided the bank agrees to cooperate with a probe of his own that could stretch for months afterward.

Read More