Robert Bogucki, who was facing six counts of wire fraud and one count of conspiracy, was acquitted by a federal judge in Northern California today. Bogucki, the former head of Barclays’ New York FX operation was charged last year in an indictment for his alleged role in a scheme to front run client orders.
China will cut billions of dollars in taxes and fees, increase infrastructure investment, and step up lending to small firms as the government boosts stimulus to shore up an economy growing at its slowest pace in almost 30 years.
Italy’s relationship with the EU has deteriorated since an anti-establishment government took the reins in Rome last year. And for Deputy Prime Minister Matteo Salvini, that breakdown has coincided with a surge in popularity.
A spate of protectionist policies with trading partners reduced real US income by $1.4 billion a month at the end of 2018, according to a new study by economists at the New York Federal Reserve, Princeton, and Columbia.
Tory Brexiteers told Theresa May last night not to ambush them with a last-minute legal deal with Brussels on the Irish backstop and expect them to vote in favour of it next week.
- May Warned She Must Whip MPs to Stop Them Taking No-Deal Brexit Off the Table – Daily Telegraph (subscription)
US President Donald Trump looked set to open a new front in his trade wars on Monday with a plan to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.
Economists cut their growth forecasts following weaker than expected net exports numbers, as the Reserve Bank’s held the official interest rate a record low of 1.5 per cent for the 28th time in a row.
“The biggest driver for the industry last year was regulation. It created a sea of change in the way that markets actually behave,” says Tod Van Name, global head of FX electronic trading at Bloomberg.
The Financial Conduct Authority has ordered London’s hedge funds to prepare for stringent tests of their financial-crime controls later this month, as part of a wider clampdown on fraudulent activity in the City.
There are many famous examples of industries and companies voluntarily going above and beyond government regulations.
While regulation may not be at the top of everyone’s wish list this year, embattled data departments may have actually found a friend in post-crisis reform, experts say, as the industry continues to refine its focus on cost-cutting measures.
At the moment, the cryptocurrency market is primarily concerned about when Bitcoin might bottom, and not when Bitcoin price will return to its previous all-time high of $20,000.
Tens of millions of dollars worth of Ethereum frozen in 2017 may finally be recovered, thanks to a new upgrade in the cryptocurrency technology.
Bitcoin and cryptocurrencies are often derided for their inadequacies compared to the giant traditional payment systems Visa, Mastercard, and PayPal, but an eventual challenge from bitcoin and crypto to the incumbents is not impossible, according to one tech analyst.
BNP Paribas today announces the launch of the BNP Paribas MGI Systematic Currency Alpha Index using artificial intelligence through machine learning. The index, created by BNP Paribas in partnership with Millennium Global Investments (MGI), went live in Q1 2019.
Following recent news of planned staff cuts at Societe Generale Corporate & Investment Banking (SG CIB), Profit & Lossunderstands that at least three senior FX staff have left the French bank.
Police have launched a fraud investigation over a complaint on a money transfer by British digital bank Revolut, adding further pressure to a fintech company that is already facing probes on other issues from regulators.
Capitolis, a technology provider for the capital markets, announces today that the number of participants on Capitolis Novation has grown to more than 20 bank and non-bank customers.
US operator seeks to break deadlock over Norway’s exchange, which is valued at €700 million.
Nomura Asset Management decided Monday to appoint Executive Managing Director Junko Nakagawa as its next CEO, making her the first woman to lead the core Nomura Holdings unit.
The European economy is cooling more than many investors believe, Mohamed El-Erian, chief economic adviser for Allianz SE, said on Monday, warning that the slowdown poses the biggest risk to the market.
The unsettling thing about the yen, say traders in Tokyo pretending not to be unsettled, is that for the past eight weeks it has been doing exactly what you would expect it to do. That sort of sanity, they add nervously, rarely lasts.
Beijing may well accept a trade deal that specifically calls for a stronger yuan, while investors will look to buy more of the currency to fund increased holdings of A-shares.