UK Bank Trio Agree $924m Forex-Rigging Bill – Sky Three of Britain’s biggest banks were hit with a $924m (£600m) bill for foreign exchange-rigging on Thursday, adding to the spiralling cost of one of the industry’s biggest trading scandals.
Lloyds Bracing Itself for Fresh $1.6 Billion Redress Charge – Bloomberg Lloyds Banking Group Plc will probably take a further 1 billion-pound ($1.6 billion) charge for wrongly sold loan insurance in the year’s second half, undermining efforts to clean up the bank as the government prepares to sell shares to individuals.
China Likely Holds 10 pct of FX Reserves in Sterling – Morgan Stanley – Reuters China allocates an estimated 10 percent of its $3.5 trillion foreign exchange reserves to sterling, double the holdings of other emerging market central banks in the British currency, an analysis by Morgan Stanley shows.
BOJ to Cut Price Forecast for Next FY Only Slightly – Reuters The Bank of Japan will cut its growth and inflation outlook for this fiscal year at a rate review next week but only slightly tweak its projections for next year.
Oil at $50 Is Driving Norway to Zero as Recession Risk Soars – Bloomberg Western Europe’s biggest crude producer may need more than a weak currency to stay afloat.
FIX Trading Community Revises Guidelines on Execution Analysis in EMEA – Profit & Loss FIX Trading Community, the non-profit, industry-driven standards body, has announced revisions to its EMEA specific guidelines on execution venue analysis.