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Top Banks Scramble to Restore Forex Revenues as Regulatory Impacts Bite Bottom Line
- As falling volumes cut into banking revenues, FX activity at banks is falling at its fastest rate since 2008. Low volatility combined with internal restructuring is further complicated by regulatory challenges.
Thursday, 28/08/2014 | 04:50 GMT by
George Tchetvertakov
CME Group Names John Pietrowicz as CFO, Succeeds Outgoing Jamie Parisi
- Derivatives marketplace conglomerate CME Group has promoted John Pietrowicz to the role of Senior Managing Director and Chief Financial Officer, succeeding James E. Parisi, who is retiring from the post.
Thursday, 28/08/2014 | 00:01 GMT by
Jeff Patterson
Spain's banking giant Santander runs challenge to devise Bitcoin strategy for banks
Wednesday, 27/08/2014 | 22:47 GMT by
Leon Pick
Blackcoin trending lower, approaches key 0.08 mBTC support level
Wednesday, 27/08/2014 | 21:48 GMT by
Leon Pick
Russian Government Devises SWIFT Alternative, FBI Exams Russian Trail in JPMorgan Hacking
- Russian government takes countermeasures against future sanctions, devises an alternative interbank payment system to SWIFT, while Bloomberg reports about allegedly Russian hackers attacking JPMorgan.
Wednesday, 27/08/2014 | 21:37 GMT by
Victor Golovtchenko
ayondo Announces Further Funding from Luminor Capital, CEO Outlines Social Trading
- This is the second round of investment from Luminor Capital, which the ayondo Holding AG is receiving throughout the year, with an earlier tranche from Luminor Capital totaling 5.5 million swiss francs.
Wednesday, 27/08/2014 | 17:20 GMT by
Victor Golovtchenko
Worth debating: Citi weighs in on Bitcoin prices again, cites oversupply pressuring prices downward
Wednesday, 27/08/2014 | 16:45 GMT by
Leon Pick
Deutsche Bank Names Andres de Goyeneche as Its Chilean Head, CCO
- Deutsche Bank AG has appointed Andres de Goyeneche as the newest Chief Country Officer (CCO) and Head of its Chilean base of operations, following a lengthy tenure with Deutsche Bank since 2009.
Wednesday, 27/08/2014 | 15:20 GMT by
Jeff Patterson
RBS Picks up yet Another Multi-Million Pound Fine - Business as Usual
- With the latest FCA penalty confirming ‘serious failings’ in advising 30,000 mortgage customers, the troubled bank is as far from a clean slate as ever, facing several forthcoming cases including FX manipulation.
Wednesday, 27/08/2014 | 13:40 GMT by
George Tchetvertakov
Forex Nation Looks to Break the Mould by Offering Customers Good Cause to Trade
- In the vast and sometimes brutal jungle of currency trading, an Australian Nonprofit broker wants to apply social responsibility to its core business model. Is giving back compatible with competitive market goals?
Wednesday, 27/08/2014 | 12:48 GMT by
George Tchetvertakov
Litecoin Trading- LTC/USD Technical Analysis, Aug 27: Litecoin also recovering, but will it last?
Wednesday, 27/08/2014 | 12:37 GMT by
Leon Pick
CFTC Fines Merrill Lynch $1.2 Million for Charging Clients Excess Fees for over Two Years
- Merrill Lynch did not provide any meaningful training to employees regarding how to conduct fee reconciliations until 2013 and the procedures until that time were ”not fit for purpose” and “fundamentally flawed."
Wednesday, 27/08/2014 | 12:02 GMT by
Avi Mizrahi
North Carolina celebrated for treating bitcoin as "monetary value" and no BitLicense required- but take a closer look
Wednesday, 27/08/2014 | 11:42 GMT by
Leon Pick
Compagnie Financière Tradition H1 2014 Report: Japanese Retail FX down 37.2%
- It was revealed today that revenues from Compagnie Financière Tradition's online forex trading platform for retail investors in Japan, Gaitame.com, has declined by 37.2% during the first half of 2014.
Wednesday, 27/08/2014 | 08:53 GMT by
Avi Mizrahi
Pepperstone Adds WTI and Brent Contracts to Its CFD Lineup
- In this latest move Pepperstone continues its gradual rollout of additional CFD contracts with the ultimate goal of being able to offer a full service solution for any trader
Wednesday, 27/08/2014 | 07:47 GMT by
George Tchetvertakov
Japanese DMM Securities Group Launches New FX Website in Australia
- Less than a year after the original officially launch of DMM FX Australia, the ASIC regulated subsidiary of the world’s second largest retail broker by volume, Japanese DMM Securities, a new website launched today.
Wednesday, 27/08/2014 | 07:39 GMT by
Avi Mizrahi
BNP Paribus Fortifies Electronic Markets Team Ahead of Centric Launch
- BNP Paribus has bolstered its Electronic Markets Team in London, adding Jean-Marc Friess, Michael Ferreol, and Hugo Coppier, as the focus shifts towards the European launch of Centric, slated for October.
Wednesday, 27/08/2014 | 01:30 GMT by
Jeff Patterson
Kuwait’s CMA Sacks Its Regulatory Head Amid Widespread Criticism
- All wars have casualties and Saleh al-Falah, the Chairman of the Capital Markets Authority (CMA), has been relieved of duty following widespread criticism of his unsuccessful crusade at reforming Kuwait’s infamous stock market.
Wednesday, 27/08/2014 | 00:01 GMT by
Jeff Patterson
FCA Sharpens Teeth, Defends Increasing Use of Attestations
- As the wounds of recent scandals across the financial industry remain fresh, some have questioned the UK’s Financial Conduct Authority (FCA) quick and decisive use of changes mandated by the British regulator.
Tuesday, 26/08/2014 | 18:03 GMT by
Jeff Patterson
GAIN Capital’s Muhammad Rasoul Joins The Forex Magnates' Experts Platform
- “Meet the Experts” is pleased to announce its newest contributing expert, Muhammad Rasoul, Executive VP, CPO at GAIN Capital, who brings a vast understanding of business development.
Tuesday, 26/08/2014 | 16:58 GMT by
Jeff Patterson
HSBC Promotes Andy Grisdale to APAC Commercial Banking Chief
- HSBC has just named Andy Grisdale as its Chief of Staff, Commercial Banking for Asia-Pacific (APAC), succeeding Sanjay Prakash, who was recently named Head of International, Commercial Banking at HSBC.
Tuesday, 26/08/2014 | 16:06 GMT by
Jeff Patterson
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