Fired RBS Trader Says He Was ‘Scapegoat’ for FX fine – Reuters A former foreign exchange trader fired by Royal Bank of Scotland said he was a scapegoat and that the state-backed bank had “dishonestly contrived” his dismissal to divert attention from its own failings.
Euro-Area Inflation Rate Turns Negative as ECB Debates Stimulus – Bloomberg The euro area’s inflation rate unexpectedly turned negative in September for the first time in six months, adding pressure on the European Central Bank to bolster stimulus.
Shaky China, Asia Activity Surveys Leave World Outlook Vulnerable – Reuters Factories in Asia cut more jobs and throttled back output in September as domestic and export demand shrivelled.
China PBOC Allows Foreign Central Banks to Trade Onshore FX – Market News International The People’s Bank of China said late Wednesday that foreign central banks, sovereign wealth funds and international financial organizations will be allowed to trade foreign exchange in the onshore market.
Questions About Leak at Federal Reserve Escalate to Insider-Trading Probe – Wall Street Journal (subscription) Firm at center of probe says it is a media organization with special legal protections.
Greenwich Associates Examines the Widely Varying Views on Blockchain and Wall Street – Traders Magazine Can bitcoin and the blockchain be mutually exclusive? Or are they forever inextricably linked?