Fired Lloyds Trader Says Bank Targeted Him After Tesco Deal – Bloomberg
Paul Carlier, a former foreign-exchange trader at Lloyds Banking Group Plc, said he was “targeted” by the bank after blowing the whistle on improper trading.
RBS Bankers Add to Growing Lawsuits Over Unfair Dismissals – Bloomberg A former Royal Bank of Scotland Group Plc foreign-exchange trader and the company’s former head of equity market risk have joined a growing list of bankers suing their employers.
Former FX Traders Take Banks to Court; Legal Cases Continue to Mount – Profit & Loss As former RBS FX trader, Ian Drysdale, and former HSBC FX trader, Serge Sarramegna, seek to challenge their dismissals in the UK courts, the number of legal cases being brought against banks shows no signs of abating.
Nigerian President Rules Out Further Currency Devaluation – Bloomberg Nigerian President Muhammadu Buhari said he opposed a weakening of the currency of Africa’s biggest oil producer and endorsed the central bank’s policy of restricting foreign-exchange trading.
FX Liquidity: Here Today, Gone Tomorrow? – Profit & Loss (subscription) A new report from academics based in Switzerland argues that FX liquidity often evaporates in times of market distress, adding to the recent ongoing debate on this issue.