United States (US)
Last look settlement fund could hit $1 billion in US
Class action filing service firm Battea says the fixing pot for claimants may reach $3bn and to expect more last look cases
Curry out; Noreika steps in as acting comptroller of the currency
Curry was sworn in as the 30th comptroller on April 9, 2012; lawyer with banking regulation experience replaces him
Billions could leave US assets as dollar optimism wanes
For some currency specialists, it may be time for investors to revisit their allocation to dollar-denominated assets
European Union dissatisfaction remains a risk for markets
Economists question whether France and the EU have surmounted their eurosceptic hurdles
Buy side abandons ‘guessing’ execution outcomes
Weisberg: “I think the relevant question today is: am I doing that right, and how am I sure I am getting the best outcome?”
Hotspot appoints Weinberg as head of FX liquidity analysis
In the newly created role, Jon Weinberg is tasked with creating sophisticated data analytics to improve the trading experience
Morgan Stanley: markets misjudged ECB’s ‘hawkish’ meeting
Euro’s exchange rate could soon see a correction as markets reprice their ECB expectations
US Treasury fails to brand China a currency manipulator
In its first report on FX policies since Donald Trump took office, US Treasury issues China with a warning only, despite the president's campaign promise
CloudMargin hires two to expand sales and client base
The firm boosts its New York and London sales teams in the hope of attracting more sell-side business
Spot volumes rise in March
Secondary venues see robust volumes; primary platforms also tick higher
CMC Markets: sterling could hit 1.30 in the coming months
Interest rate differentials could narrow against the US dollar, meaning the pound may break higher
LMAX Exchange is the first to commit to FX Global Code
The change of heart follows reassurance that Principle 17 on pre-hedging will be subject to comment after final release
Buy side explores cloud for collateral management
Asset managers with FX positions are looking at cloud-based solutions as a means of coping with variation margin rules
MJ Oh exits Credit Agricole for Mizuho Americas
She joins the bank as head of FX options trading
FlexTrade selects Pandya as COO
Vishal Pandya joins from Hewlett-Packard, and will be responsible for performance and development
EBS BrokerTec restructures; four management appointments
With a focus on seven core areas, the firm recruits Tim Cartledge as global head of FX and head of product
SEC nominee flip-flops on Dodd-Frank rollback
Rules mandated by statute must be adopted by regulators, Clayton concedes
Ullink rolls out trade-reporting solution
The product will help clients to comply with Mifid II reporting requirements
Technancial and Ullink offer solution for clearing brokers
The newly launched product helps to monitor the trading activity of high-frequency trading firms using SDMA in near real-time
DoJ closes investigation into Deutsche Bank’s FX activity
US regulator's action is a big win for the bank, but civil suits and a decision from the NYDFS are still pending
Simple tax cuts best for dollar, says CBA
If Trump is able to slash corporate tax rate to 15% and achieve income tax cuts along with infrastructure spending, then the dollar and the economy will see a boost
HSBC snags Citi’s chief dealer in New York
Brent Donnelly had been Citi’s chief dealer since March 2014
Tim Power trades Deutsche Bank for Morgan Stanley
The FX options trader headed Deutsche’s G10 flow options
Lawyers to search files of 35 Deutsche Bank staff
Includes traders and others who were not part of the production of information given to regulators