Barclays
Six Banks to Fix Foreign Exchange Fixing Violations Via £1-2 Bln Settlement
- According to a Financial Times report the FCA started settlement negotiations with Barclays, Citigroup, HSBC, JPMorgan Chase, the Royal Bank of Scotland and UBS for foreign exchange fixing manipulation.
Friday, 26/09/2014 | 16:25 GMT by
Victor Golovtchenko
Barclays Taps Richard Casavechia as Its Newest M&A Head
- Barclays PLC has appointed Richard Casavechia as its newest Head of Mergers and Acquisition (M&A) structuring and is slated to take up his new position after coming over from Bank of America Corp by years end.
Wednesday, 10/09/2014 | 14:01 GMT by
Jeff Patterson
UBS Poaches Algo Trading Specialist, Pierre Vermaak From Barclays
- Former Barclays forex and commodities specialist Pierre Vermaak is headed to UBS to head its newly-revamped FRC division, replacing the outgoing Thomas Klocker who left for Bank of America Merrill Lynch back in June.
Wednesday, 30/07/2014 | 21:09 GMT by
Jeff Patterson
NYDFS Intends to Place Monitors at Deutsche Bank and Barclays as FX Investigation Continues
- As the investigation by regulators in regards to collusion and price fixing in the FX interbank market continues, the NYDFS has issued its intentions to place monitors at Deutsche Bank and Barclays.
Wednesday, 30/07/2014 | 09:35 GMT by
Ron Finberg
Nomura Names Leonardo Jereissati as Head of FX in LatAm Markets
- Nomura Group, a Japanese financial holdings company across multiple asset-classes has appointed former Barclays man, Leonardo Jereissati as its new Head of Forex for the Latin American (LatAm) region.
Friday, 25/07/2014 | 16:49 GMT by
Jeff Patterson
Markit to Deploy a Centralised Confirmation Infrastructure for FX Options
- Markit’s Managing Director Keith Tippell has explained to Forex Magnates the rationale behind entering FX options, as the company has announced its electronic trade confirmation and exercise management service.
Thursday, 03/07/2014 | 11:00 GMT by
Victor Golovtchenko
Analysis: Markit Converging Towards IPO Amidst Transparency Measures
- Markit, a leading global provider of financial services across OTC and derivatives has announced the F-1 filing with the Securities and Exchange Commission (SEC) for an initial public offering (IPO).
Wednesday, 07/05/2014 | 11:31 GMT by
Jeff Patterson
Barclays Live App for iPad Devices Launched to Help Institutional Clients Access Content
- Barclays Capital, part of Barclays Bank Plc, in London, has today announced its Live App on the iTunes App Store, for clients to access research in Foreign Exchange and other markets via Apple's iOS.
Tuesday, 22/04/2014 | 20:11 GMT by
Steven Hatzakis
Director of Institutional FX at Deutsche Bank Is Suspended Over Manipulation Investigation
- London based Kai Lew has been at the position of Institutional FX Sales since 2006 and before that worked for Goldman Sachs with Fixed Income Derivatives. Hong Kong and New Zealand join the investigations.
Tuesday, 01/04/2014 | 11:54 GMT by
Avi Mizrahi
FCA Releases Business Plan for New-Year, Outlining LIBOR Oversight and New Responsibilities
- The UK’s Financial Conduct Authority (FCA) has announced its new methodology for examining traders’ behaviors in an effort to curb the risk of benchmark manipulation, part of its overall Business Plan in 2014.
Monday, 31/03/2014 | 09:38 GMT by
Jeff Patterson
Barclays Africa acquires 49% in South African P2P firm RainFin
Thursday, 06/03/2014 | 08:43 GMT by
Guest Contributors
The Truth Behind the Libor Scandal and the Altering of the Financial Landscape
- Recently, the news outlets have been focused on the word ‘Libor’, which up until lately was neither widely spoken of, though it now threatens to forever change the financial landscape of fx and rates.
Thursday, 20/02/2014 | 18:42 GMT by
Jeff Patterson
Currency Probes, Specter of Electronic Trading Threaten to Displace Human FX Traders
- With much of the global fx industry and regulators focused on a series of currency probes that have vexed the financial landscape, few have pondered the long-term ramifications on the fx market itself.
Tuesday, 18/02/2014 | 17:00 GMT by
Jeff Patterson
LIBOR Investigation Fallout Continues, Three Ex-Barclays Employees to Face Charges
- The Serious Fraud Office has announced that criminal proceedings have commenced today against three former employees at Barclays Bank for allegedly conspiring to commit fraud for a period of over two years.
Monday, 17/02/2014 | 14:38 GMT by
Avi Mizrahi
FX a Bright Spot in the Present and the Future As Barclays Issues Declining 2013 Profits
- Barclays indicated that income from it FX unit grew during 2013 despite the overall declines. FX was mentioned alongside that rates, credit, and equities, which they cited as providing greater income diversity.
Wednesday, 12/02/2014 | 16:13 GMT by
Ron Finberg
Data on 2,000 Customers Stolen From Barclays, Whistleblower Confirms to News
- Forex Magnates investigates reports by the Mail on Sunday, the UK publication of the Daily Mail, that 2,000 customers' account data had been stolen from Barclays, as shown by a whistleblower to the news publication.
Monday, 10/02/2014 | 20:39 GMT by
Steven Hatzakis
Toyota and Barclays team up to offer mobile car payments
Wednesday, 22/01/2014 | 12:33 GMT by
FMAdmin Someone
Forex Scandal Deepens, Deutsche Bank Moves To Suspend Latin-Based Traders
- The world’s largest foreign exchange dealer Deutsche Bank AG, has suspended a number of currency traders following an ongoing investigation that recently unveiled fraudulent charges of rate rigging.
Wednesday, 15/01/2014 | 23:49 GMT by
Jeff Patterson
'12 Days of Christmas' Come Early for ParFX – Signs up SocGen as 12th Founder Bank
- ParFX a leading FX trading platform for the institutional FX market has reported that Société Générale has become the latest founding bank to join the portal. The news comes as participants explore transparent solutions in the world’s most liquid asset class.
Thursday, 05/12/2013 | 17:30 GMT by
Adil Siddiqui
8 Dealers in Derivatives Rigging Scandal Fined a Total of €1.71 Billion by European Commission
- UBS, Citigroup, Barclays, Deutsche Bank, RBS, Société Générale, JPMorgan and RP Martin named in settlement with European Commission in rigging case about Yen and Euro Interest Rate Derivatives, enforced under anti-cartel rules.
Wednesday, 04/12/2013 | 13:56 GMT by
Steven Hatzakis
Major Banks Face Another Class Action Lawsuit Alleging FX Rates Manipulation
- A South Korean semiconductor firm, Simmtech Co. Ltd., files the latest suit against several big banks, only a week after a US retirement fund filed the first class action lawsuit over FX rate manipulation.
Wednesday, 20/11/2013 | 11:00 GMT by
Avi Mizrahi
7 Banks Sued Over FX Rates Manipulation; HSBC Latest to Announce Cooperation with Authorities
- A retirement fund from Massachusetts alleges that the international FX manipulation investigation exposes a conspiracy that violates US antitrust laws, hurting the returns on trades and pension plans.
Tuesday, 05/11/2013 | 11:48 GMT by
Avi Mizrahi
FX Traders Shunned as Banks Respond to FX Rates Investigation
- Banks have reacted to the FX rates investigation by placing traders on suspension and asking some to take leave a report states. The move comes on the back of further investigations by major regulators.
Friday, 01/11/2013 | 18:25 GMT by
Adil Siddiqui
Barclays Reports FICC Revenues Down 44% in 3Q 2013, Cooperating with International FX Investigation
- The british banking giant, in an Interim Management Statement reported declines in revenues and profits from the unit that includes its currency business, the bank received enquiries from investigators.
Thursday, 31/10/2013 | 12:53 GMT by
Avi Mizrahi
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