A “superstar” Barclays trader fired amid the foreign-exchange market manipulation scandal lost his unfair dismissal case in London, three weeks after regulators banned him from the US banking industry.
Theresa May said she will launch formal Brexit talks with EU leaders before the end of March 2017.
- Sterling Hits Three-Year Low vs Euro as Brexit Deadline Set – Reuters
- Brexit Trigger News Sends British Pound Lower – Wall Street Journal (subscription)
Christine Lagarde, the managing director of the International Monetary Fund, is calling the inclusion of China’s renminbi as the fifth currency in an elite group of the world’s reserve currencies an “important and historic milestone” for the international financial system.
FXCM has agreed to sell DailyFX, its news and research website, to IG Group for $40 million.
The FCA-regulated brokerage launches today with a double digit number of bank and non-bank liquidity providers, the CEO of the company explained.
Germany’s government may well be duty bound not to offer state assistance to Deutsche Bank, one of the world’s largest FX dealers, therefore if it goes to the wall, a liquidity contraction could occur.
Attention is being drawn to the size of a currency swap deal to be resumed between South Korea and Japan.
Almost six weeks after Kenya capped banks’ lending rates at four percentage points above the central bank benchmark, its currency is little changed against the dollar.
Beijing’s obsession with the yuan’s ranking among global trade currencies is meaningless trivia.
Bid to forge new identity in investment banking has turned spectacularly sour.
Once an aggressive acquirer, CME Group is getting more attention lately for the deals it isn’t doing.
When Forbes, Fortune, and the Financial Times are covering every development, you know a new “revolutionary” technology is being ushered into the mainstream.
Mexico’s peso is undervalued by “all measures,” and has quite some room to appreciate under normal circumstances, central bank Governor Agustin Carstens said.
The European Securities and Markets Authority has appointed new chairs to three of its fourteen standing committees as it gears up for the implementation of its MiFID II reforms.
UK and French regulators have always held divergent views on new EU rules designed to split payments for research and execution.
LCH has announced that Commonwealth Bank of Australia has become its first Australian Protected Payments System bank.
Samsung is launching a product that will allow banks to record all the calls and texts made on its smartphones by trading employees – and track their movements.
Having acquired Interactive Data last year, ICE plans to sell off the part of the business that it has no use for.
The British Pound remains a core ‘short’ with Credit Suisse who say any strength in the currency is only likely to be corrective in nature.
The yuan began its first trading day as a global reserve currency with little fanfare, barely moving in overseas markets as Chinese investors stayed away on a week-long holiday.
Most emerging Asian currencies rose as risk sentiment improved after reports of Deutsche Bank’s was negotiating a smaller fine with the US Department of Justice and a survey showing China’s manufacturing stabilising.
Speculators boosted net longs on the US dollar to their highest in six weeks, Reuters calculations and data from the Commodity Futures Trading Commission showed.