Barclays
European FX lawsuit may follow soon, says source
Institutional investors filed a lawsuit in NY against 16 banks on November 7, which could be followed by European complaint
FX Cartel traders found not guilty
“We all came to the conclusion that we didn’t think the prosecution had enough evidence,” a juror tells FX Week
Jurors begin deciding fate of FX Cartel
UK nationals face 10 years in prison if convicted of alleged price-rigging
Judge denies FX Cartel mistrial request
Judge Berman reserves making decision on defence’s motion for acquittal due to lack of evidence
‘You can’t game the fix,’ jurors hear in FX Cartel trial
Melvin says if the three traders wanted to game the fix, they couldn’t have chosen a worse time because the market is too liquid then
FX Cartel defence seeks mistrial after Gardiner’s testimony
Counsels claim “highly prejudicial” line of questioning from US has created “irreparable prejudice”
Gardiner faces cross-examination
Defence uses data and audio calls to show the accused men traded independently – piercing holes in Gardiner’s testimony
Rossi and Sellwood join Barclays
The two men will work in FX hedge fund sales
Barclays hires two for Asian NDF trading team
Bengco and Parameswaran join the bank in Singapore
Gardiner: FX Cartel had ‘gentlemen’s agreement’
Matthew Gardiner, a co-operating witness for the government, says the group co-ordinated trades for profit
Calpers did not notice price discrepancies in FX Cartel case
“If I had, I would’ve said something earlier,” managing investment director tells court
Cartel trial kicks off with ‘billions of dollars’ claim
US prosecutors say the three former traders crossed the line and got an unfair advantage
Barclays gives Specs to FX participants
The client portal originally launched for equities in 2015 is now available for foreign exchange
Dealers sour on Mifid’s systematic internaliser label
SI decisions will take account of tougher pre-trade rules, client demand and Brexit
Expert testimony resolved in Cartel case
Judge threatens to strike expert testimony if both sides go beyond their recent agreement
Cartel judge warns on expert testimony
Berman says testimonies from two experts have the potential to encroach on his role and the role of the jury
Bogucki seeks trial delay until Johnson review
US opposes motion, arguing a delay could erode witnesses’ memories of alleged misconduct
DoJ seeks stay on benchmark case discovery
Antitrust division tells court the request is to protect the integrity of ongoing cases
US attorneys deny ‘shielding’ Cartel witness
US antitrust attorneys say they were merely discussing how to proceed with its case
Last-look class certification fails against Deutsche Bank
US District judge Lorna Schofield denies two class certifications, saying market participants were aware of liquidity providers using last look
Bogucki lawyers subpoena HP’s trading data
Effort comes after the court denies another attempt to dismiss the superseding indictment against Bogucki
Cartel lawyers zoom in on government witness
They claim their clients are entitled to understand precisely what the government did to mitigate such risks for its witness
Barclays gains Peto, but loses two in FX sales
Ben Peto joins sales team as director
Bogucki lawyers seek dismissal for third time
Defence attorneys ask court to look into instructions given to grand jury about the nature of Barclays and HP’s relationship