HSBC issues remittances challenge to Citi
Following HSBC's March acquisition of US consumer finance group Household International and November's purchase of top-five Mexican bank Bital, the bank said it is now well placed to service Mexican workers in the US sending money home. If successful, the move could be a potential windfall for the FX department, as it would account for the forex component of these services, which are charged at retail rates.
HSBC chief executive Stephen Green said: "An overlooked new market opportunity will be
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Asset manager started offering the class for its global investment funds on March 23
FX structurers see mixed demand for cross-asset hedges
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Reyker adds James Chu and looks to expand retail structured product offerings
Former managing director of Incapital Europe, James Chu, has joined bespoke financial service provider Reyker Securities to head its latest structured product distribution initiative
Wealthy Greeks turn to offshore securities to escape redenomination risk
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Europe’s institutional investors look to alternatives and cost-effective exposure
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Macquarie to offer bespoke beta and absolute return commodity products from June
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Absa Capital unveils five ETNs based on precious metals and currencies
Absa Capital has launched five exchange-traded notes, providing investors with exposure to precious metals and currencies.
FX Invest: Macroeconomic uncertainty boosts demand for gold and oil exposure
Continued uncertainty about inflation and deepening concerns over sovereign default risks in Europe are making the commodities increasingly attractive as hedging tools
