Commerzbank's FXPB unit gets winded down as the bank aims for 'addition by subtraction' in its Market Services business which includes clearing, custody, collateral solutions, and trade repository services.

Wednesday, 10/12/2014 | 15:18 GMT by Ron Finberg

Regulation

Two Former Rabobank Employees Charged for Libor Rates Manipulation

US Department of Justice has charged two former traders at Dutch bank, Rabobank. The two were found guilty of their role in the manipulation of Libor rates, a total of six former workers at the bank have been charged.

Thursday, 16/10/2014 | 18:59 GMT by Adil Siddiqui

Executive Moves

Rabobank Exiles Two London Staff Members Amid FX Probe

On the heels of a lingering investigation into FX manipulation, Rabobank has placed two of its staff from its London branch on paid leave, in a bid to mitigate the intense regulatory pressure zeroing in on the bank.

Wednesday, 08/10/2014 | 00:01 GMT by Jeff Patterson

Analysis

More FXPB Industry Turmoil as Peter Klein Exits Global Head of FXPB at BAML Position

In a continuation of turnover in the foreign exchange prime broker sector, Forex Magnates has learned that Peter Klein is out as Global Head of FXPB at Bank of America Merrill Lynch.

Monday, 15/09/2014 | 22:21 GMT by Ron Finberg

Analysis

Yen LIBOR Manipulation Exposed as Senior Trader Admits Conspiracy to Commit Bank Fraud

British banker, Paul Robson is the second former Rabobank employee to plead guilty in front of a court in the case of the Japanese Yen LIBOR rigging scandal. FBI: "such criminal activity will not be tolerated.”

Tuesday, 19/08/2014 | 09:25 GMT by Avi Mizrahi

Interviews

Velocity Trade’s Ben Brown Reflects on the Changing World of FXPB

The slow and steady world of FX prime broking was ignited by major changes and overhauls at several providers.

Friday, 01/08/2014 | 09:26 GMT by Adil Siddiqui

Analysis

Exclusive: SEB Puts Brakes on FX Prime Brokerage

The shake-up in the FX Prime Brokerage sector extends its footprint as Nordic, SEB Merchant Bank, makes changes at the top of its FX Prime Brokerage division & reviews its operations, the bank has halted new applications.

Tuesday, 03/06/2014 | 19:32 GMT by Adil Siddiqui

Analysis

Rabobank’s FXPB Exit, $15M in Losses? And the Gaping Hole in the Market

It’s not often that a prime broker exits the market, but following Rabobank's exit from the FXPB space, it has triggered an avalanche of movement in the industry as former customers secure new relationships.

Tuesday, 03/06/2014 | 10:55 GMT by Ron Finberg

Technology

Exclusive: Fluent Trade Technologies Launches FluentPrime 3.3 as It Enters PB Tech Space

Primarily servicing buy side firms with is low latency trading systems and risk monitoring solutions since 2009, Fluent Trade Technologies is launching FluentPrime 3.3 in a bid to enter the FX prime brokerage space.

Sunday, 01/06/2014 | 09:23 GMT by Ron Finberg

Analysis

Rabobank Exiting FX Prime Brokerage, Cites Lack of Complete Fit with Their Business Strategy

After a tumultuous 2013 which saw Rabobank fined by the CFTC and FCA for their involvement with the LIBOR manipulation scandal and the resignation of its CEO the Dutch bank is exiting the FXPB business.

Wednesday, 14/05/2014 | 17:40 GMT by Ron Finberg

Analysis

Exclusive: Peter Plester Rabobank Head of PB departing to Join Saxo's Prime Brokerage

With over 23 years experience in Forex, spanning careers with Daiwa Europe Bank, Societe Generale, and as of most recently Rabobank International, next stop for this executive is Saxo Bank's PB business.

Tuesday, 08/04/2014 | 14:30 GMT by Steven Hatzakis

Brokers

Twin Fines From CFTC and FCA Hit Rabobank, Ordered To Pay $643 Million, CEO to Resign

Part of an ongoing investigation into LIBOR price manipulations among major global broker’s and banks; the CFTC and FCA have announced the issuing of an Order against Rabobank, requiring them to pay $643 million.

Tuesday, 29/10/2013 | 13:52 GMT by Ron Finberg

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