Profit & Loss understands that John Bannerjee, who claimed unfair dismissal against former employer Royal Bank of Canada, has won his case.
Sterling fell to a new 2018 low after weaker-than-expected UK inflation cast doubt on whether the Bank of England will raise interest rates this year.
The US dollar’s unexpected surge over the past month is encouraging currency traders to pray for a return of lucrative but long-dormant price volatility on the main foreign exchanges, although early signs on that are strangely subdued.
The Swiss franc and the Japanese yen rose against the dollar as a wave of caution swept currency markets a day after US President Donald Trump tempered optimism over progress made in trade talks with China.
- Swiss Franc Strength Returns as Eurozone Political Risk Heats Up – Financial Times (subscription)
- ‘Eurogloom?’ Eurozone Bounceback Falters as Sentiment Weakens – Financial Times (subscription)
The Japanese yen and the Swiss franc moved higher amid a ratcheting up in tensions between Donald Trump and China over trade and North Korea.
The effectiveness of clearing house stress tests conducted by US and European regulators could be dramatically improved by applying better analytical techniques to existing data, says a recently published paper proposing the creation of a system-wide stress test.
Blockchain technology has been making waves in the financial technology (fintech) sector with all kinds of applications.
Compromise measure doesn’t go as far as some Republicans want.
- The Fine Print: What’s in the Bank Deregulation Bill – Wall Street Journal (subscription)
- ‘Big Number’ on Dodd-Frank Isn’t as Big as Republicans Wanted – Bloomberg
Sen. Mike Crapo and former Trump adviser Gary Cohn settled on less ambitious changes to Dodd-Frank than some Republicans sought.
Barclays is not exploring a potential merger with other banks, two sources close to the bank told Reuters, dismissing a media report that said Barclays was considering a possible deal with rivals including Standard Chartered.
Capitolis, the technology company founded by ex-Icap (now NEX Group) executive Gil Mandelzis, ex-Thomson Reuters CEO Tom Glocer and Igor Teleshevksy, formerly of Traiana, has launched a novation service in FX.
Record Currency Management has been awarded an AUD350 million mandate by Sunsuper, an Australian superannuation fund.
Mosaic Smart Data, the FICC data analytics company, has added two finance and technology experts to its executive team as it continues to scale to service its growing customer base.
The Bank of England has published a staff working paper examining the risks associated with the creation of central bank digital currencies, which the paper refers to as CBDCs.
Pentagon must decide whether to flag cryptocurrencies as risky.
The move to regulate cryptocurrency exchanges is gathering steam as the EU will require the operators of such venues to perform the same level of client due diligence as banks do.
Ethereum ranked number one in public blockchains while bitcoin is ranked only 13th.
The Turkish lira tumbled more than five percent before recovering some ground, the latest drop in a sell-off that reflects growing investor alarm over the direction of monetary policy under President Tayyip Erdogan.
Pakistan has again turned to China for help in avoiding a foreign currency crisis, deepening the two countries’ economic ties by borrowing $1bn from Chinese banks in April, Pakistan’s central bank governor has revealed.