And what’s being done to fix it
Plans to update termination notice provisions still won’t quite pull the plug on use of fax machines
German bank recruits institutional sales head in New York, along with hires in London and Paris
Morgan Stanley regained its position as the top foreign exchange forwards dealer for US mutual funds in the third quarter of the year, dethroning HSBC on the back of a surge in trades from Pimco. Overall, US mutual funds shrunk their positions, with the sector declining by around $37.2 billion. Despite that, Morgan Stanley had $106 billion of reported volumes in Q3, up $20.7 billion on the previous quarter.Access the data
Russia and the Fed set markets ablaze, while SA-CCR shook up FX swaps
After enduring a turbulent period in 2018 and 2019, when Invesco suffered damaging fund outflows and its share price underperformed rivals, the outlook for the asset manager has stabilised. Assets under management at Invesco have returned to growth and stood at $1.4 trillion in March, a 20% increase in the last 12 months.Explore interactive charts
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