HSBC’s former head of currency trading in London made at least $500,000 in commissions by front-running a multi-billion-dollar deal that betrayed the bank’s duty to its client, according to US prosecutors.
The dollar strengthened to a one-week high against a basket of major currencies, supported by a rise in Treasury yields following a report US President Donald Trump was edging towards choosing a hawk as the next head of the Federal Reserve.
Sterling drifted higher as investors awaited inflation data expected to play a defining role in setting the Bank of England’s policy outlook in the coming weeks.
The pound seems to be caught up in one storm or another every other week.
The slow pace of the negotiations is creating uncertainty for corporate treasuries.
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Bank rolls out a pilot program to use the record-keeping technology to speed global payments.
Some Qatari banks are becoming less willing to sell dollars to foreign lenders amid a lingering regional standoff with a Saudi-led alliance, according to people familiar with the matter.
Six Democratic senators want the Treasury Department’s independent watchdog to investigate whether the acting head of one of Wall Street’s key regulators is illegally hanging on to his job.
A report that President Donald Trump was impressed by Stanford University economist John Taylor helped boost Taylor’s odds in the PredictIt market and drove a slight sell-off in Treasurys.
The Senate Banking Committee is set to hold a confirmation hearing next week for the Trump administration’s two nominees to fill vacancies at the Securities and Exchange Commission, according to person familiar with the matter.
The Bank of England has formally announced that its reforms to the Sonia interest rate benchmark will take effect on Monday 23 April 2018.
The International Swaps and Derivatives Association (ISDA) has published a conceptual version of its ISDA Common Domain Model (CDM), which sets out the required elements to achieve a single digital representation of trade events and actions.
NEX Optimisation, NEX Group’s post-trade services unit, has announced that Baton Systems, a high-speed payments infrastructure provider, has joined NEX Infinity as the first third party to provide its services through the platform.
Bats Europe will become Cboe Europe Equities, with its block trading platform, formerly known as Bats LIS, renamed Cboe LIS, and its FX business Hotspot rebranded to become Cboe FX.
Bank of America Merrill Lynch (BAML) has announced that it has expanded its payments capabilities with the launch of multicurrency netting.
The addition of Fidessa’s EMS means ABN Amro’s clients will have access to more than 110 futures, options, equities and FX markets delivered out of 11 key locations globally.
The rouble was little changed, with the positive impact of higher oil prices and local tax payments offsetting downward pressure from a globally firmer dollar.
The peso shed another 1.2 per cent to hit a five month low of MXN19.13 against the dollar amid mounting fears the free-trade pact with the US and Canada will soon need an undertaker, rather than negotiators.
Caution is spreading through China’s financial markets before the start of a crucial Communist Party gathering.