Deutsche Bank and JP Morgan have filed court documents seeking to settle a class action claim brought against them and other market participants over alleged Yen interest rate benchmark manipulation.
The dollar struggled near a 13-month low against a basket of major currencies as US political woes dampened hopes for quick passage of President Donald Trump’s stimulus and tax reform agendas.
- Dollar Still Floundering as US Political Tension Persists – Financial Times (subscription)
- Dollar Slumps as Leveraged Funds Brace for Kushner-Event Risk – Bloomberg
The president struggles to legislate, but might manage to hurt trade.
The euro is holding on to its recent gains, but not making any further headway just yet.
Sterling edged up against the euro, recovering from its worst week against the single currency in nine months and its lowest levels this year, as the euro dipped on weak German manufacturing data.
Closer scrutiny of the data associated with the sterling flash crash reveals some surprising results, argues Paul Aston, CEO of Tixall Global Advisors.
Sue Attwood’s appointment can only be good news for the UK association.
Digital currency bitcoin averted a split into two currencies after its network supported an upgrade to its software that would enhance its ability to process an increasing number of transactions.
US regulators told foreign-owned banks they won’t take action against them for holding certain types of investments for the next year during a review of the regulation dubbed the “Volcker rule.”
While seventh anniversaries are not often significant events, it is for the Dodd-Frank law, which is under unrelenting assault and a misinformation campaign.
Trump administration regulators have signaled they want to abandon long-simmering plans to further regulate pay on Wall Street.
Anthony Scaramucci, who has been appointed to head the White House’s communications operations, has a long history on Wall Street – and has been a big Trump backer and public advocate.
Nick Downes has formally left Commerzbank in London where he was global head of electronic distribution.
Investors have to choose which bank has bet best on future of FICC trading.
The Republic’s embrace of fintech and its growing status as a hub for the trade of South-east Asian currencies are giving it an edge in the arms race to attract internet platforms for trading and wealth management, according to one industry expert.
Most Asian currencies edged higher, supported by the dollar’s struggles near a 13- month low against a basket of major rivals as continuing disarray at the White House dampened hopes for quick passage of President Donald Trump’s stimulus and tax reform agendas.
The Canadian dollar strengthened after a rise in core inflation and solid May retail sales figures further strengthened the case for the Bank of Canada to hike rates again this year.
Political upheaval in Poland finally started to weigh on the country’s financial markets at the end of last week, and there was no sign of a rebound on Monday after nationwide protests extended over the weekend.