David Fotheringhame, who is suing for unfair dismissal, was sacked after a $150 million settlement between Barclays and the Department of Financial Services, New York’s banking regulator.
The US dollar skidded further to a six-week low against the Japanese yen after the Bank of Japan’s move to trim its government bond (JGB) purchases in the previous session stoked speculation it would ease its massive monetary stimulus.
Dollar bears take heed: Asian central banks may be putting the brakes on the greenback’s slide.
Sterling fell below the $1.35 line for the first time in a week as investors locked in profits after a rally, though some decent economic data stopped it dropping further.
Unusually, the single currency surged against the US dollar as German bond yields collapsed.
The Chinese currency steadied after dipping after the People’s Bank of China signalled greater flexibility for foreign currency trading.
China’s move to tweak its management of the yuan fixing mechanism shows authorities’ desire to further liberalize the exchange rate, according to an adviser to the People’s Bank of China.
The European Union risks opening the door to another global financial crisis if it refuses to give London’s bankers a good trade deal, two senior UK ministers said, as the finance industry emerged as a key battleground for Brexit talks.
It’s the kind of market anomaly that savvy traders usually devour in fractions of a second: bitcoin prices in South Korea are 43 percent higher than those in the US.
The Trump administration has waived part of the punishment for five megabanks whose affiliates were convicted and fined for manipulating global interest rates.
‘We must continue to hone our methods of assessing financial system vulnerabilities’.
Despite the competition heating up within the burgeoning digital currency world, none of the products represent a viable threat to the US dollar, Minneapolis Fed President Neel Kashkari said.
The US Securities and Exchange Commission may have hit on a foolproof way to boost its popularity: piggyback the passion for blockchain.
Regulators probe banks’ compliance with anti-money laundering rules.
Eva Connors has joined Nex Markets as director of buy side sales for the East Coast of the US.
Redline Trading Solutions is now supporting bitcoin futures trading on the CME and CBOE platforms.
Non-bank derivatives broker Wedbush Futures joins Barclays and Credit Suisse on utility as vendor drives componentised services model.
The South African rand endured a rollercoaster trading session, including a spike of more than one per cent in five minutes that was quickly reversed, with investors suggesting “dubious” news reports may have influenced algorithmic traders to cause the sharp moves.
South Korea’s won was the best performing emerging market currency last year, rising nearly 13 per cent, and further gains seem set to follow on the back of thawing tensions with North Korea.