FCA Bans Former Deutsche Bank Trader for Manipulating U.S. Dollar Libor Submissions
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The Financial Conduct Authority said on Wednesday that it has banned former Deutsche Bank AG trader Michael Ross Curtler for his part in a conspiracy to manipulate the bank’s U.S. dollar Libor submissions.
U.S. Treasury Secretary Sees Reduced Risk of Currency Devaluations
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Commitments by China and other major economies over the weekend have lowered the threat of currency depreciations that could fuel global market turmoil, U.S. Treasury Secretary Jacob Lew said Tuesday.
ICE Confirms It May Bid for LSE Group, Sending Shares to Record
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ICE Confirms It May Bid for LSE Group, Sending Shares to Record – Bloomberg
Intercontinental Exchange Inc. said it is considering making an offer for London Stock Exchange Group Plc, a week after Deutsche Boerse AG said it was in merger talks with the U.K. company.
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G-20 Affirms No-Devaluation Pledge, to Consult on Currencies
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G-20 Affirms No-Devaluation Pledge, to Consult on Currencies – Bloomberg
Finance chiefs from the Group of 20 agreed to consult closely on foreign exchange markets and reiterated past pledges to refrain from competitive devaluations.
Deutsche Bank Gets All Clear from German Watchdog Over Triple Probes
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China Seeks to Reassure Trading Partners on FX, Markets Ahead of G20
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Sterling Hits 7-Year Low as Brexit Concerns Intensify
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Sterling Hits 7-Year Low as Brexit Concerns Intensify – Reuters
The British pound traded near $1.39 for the first time in seven years on Wednesday, while the cost of hedging against sharp swings jumped to their highest in more than four years as concerns that Britons could leave the European Union deepened.
G-20 Likely to Reiterate Currency Commitments, Treasury Official Says
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Global financial leaders likely will reiterate previous currency policy commitments, a senior U.S. Treasury official signaled Monday, despite concerns that lackluster growth around the world may tempt some countries to use devalued currencies to juice exports.
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Chinese Securities Regulator Is Out, but Little May Change
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Barclays Pays $50M To Settle NY Forex Markets Rigging Claims
Barclays Pays $50M To Settle NY Forex Markets Rigging Claims – Law360
Barclays PLC has agreed to pay $50 million to settle claims that it misused a system intended to block unprofitable foreign exchange trades as a way to boost the bank’s profits while hurting clients, according to court documents filed Wednesday in New York federal court.
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