Credit Suisse Group agreed to pay $135 million to New York to resolve a probe of misconduct in its foreign exchange business, which the state’s banking regulator said deceived customers to enhance its own profits.
Sterling slipped to its lowest in almost three weeks against the euro, after UK inflation data came in slightly lower than expected, weakening the case for further interest rate rises.
Traders focus on Theresa May’s fragile position and stalled Brexit negotiations.
The euro rose to a more than two-week high as investors resumed buying risky assets in Europe on growing expectations that economic growth will remain strong against a backdrop of record low interest rates.
Lurking around the Nafta negotiations that resume Wednesday is a small yet unnerving possibility: the $1 trillion trade pact unravels completely, taking the Mexican peso and Canadian dollar down with it.
The incoming Lord Mayor of London has used his inaugural speech to call on City institutions to regain public trust in order to and make a success of the UK’s exit from the European Union.
The eurozone’s position will remain precarious without closer financial integration.
TCA in FX has long been viewed as the ultimate box-ticking exercise, but that is now changing as asset owners and oversight functions focus more keenly on the value they leave on the table when hedging their currency exposures.
Central banks should be more open to creating digital versions of their currencies, which could offer significant benefits to society, the chairman of Swiss bank UBS says.
Profit & Loss talks to Tim McCourt, managing director and global head of equity products at CME, about why the Chicago exchange is planning to launch bitcoin futures before the end of the year.
EU commission to launch study on opportunity and feasibility of a EU blockchain infrastructure.
One of the most popular emerging-market trades is in a Middle Eastern currency that was shunned by investors just a year ago.
Chairman criticizes European Commission proposals for clearinghouse oversight.
The UK financial watchdog has alarmed some City brokers by saying new rules on payment for investment research could extend to wider sales and trading roles.
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The number of banks deemed systemically important and subjected to extra regulation in the US would drop by two-thirds under plans to roll back Obama-era reforms that have attracted bipartisan support.
Replacing New York Fed President Bill Dudley may be one of the most controversial Fed appointments in recent memory.
US business has long lobbied for Beijing to raise caps on foreign stakes in financial firms but Washington didn’t know the change was coming.
The flash estimate for the Barclay CTA Index, compiled by BarclayHedge, shows a 1.75% gain in October. Year to date, the index is up 0.15%.
Bithumb, one of the world’s most heavily trafficked bitcoin exchanges, is getting heat from customers who were unable to make transactions after its server went down over the weekend.
Chris De Sibert, who was a managing director and head of foreign exchange and commodities sales to banks in Europe, the Middle East and Africa at HSBC, has just joined R5FX.
Currency markets were stable in early Asia trading following a bumpy session for the pound a day earlier.
Canadian dollar bulls, on their back foot for much of the past two months, may be about to catch a break from the surge in oil.
Bitcoin cash, the rival clone of bitcoin, witnessed an impressive rally that propelled the coin to a record-high of $2,500.