Citi
Ekblom moves to Singapore with Deutsche
Kristian Ekblom also switches G10 options for EM options
Coalition: JP Morgan still the top G10 FX investment bank in 2016
US bank maintains leadership position in Ficc space overall, with particularly strong showings in the Americas and Emea
HSBC snags Citi’s chief dealer in New York
Brent Donnelly had been Citi’s chief dealer since March 2014
Citi combines G10 and EMFX trading
The reorganisation follows the retirement of James Bindler, who previously headed the G10 FX business
Hedging strategies unchanged, despite turbulent markets – Citi
Corporate hedging strategies rarely differentiate between developed and emerging markets
Another Citi FX trader wins unfair dismissal suit
Employment tribunal rules in favour of Baris Ozkaptan
Bindler, Citi's global head of G10 FX, to retire
James began his career at Midland Bank in New York in 1982, before joining Citi in 1990
Citi axes second Asia-Pac clearing head in 18 months
Instability at the top, despite a market-leading franchise
MS and Citi agree to pay $6m in FX fines to SEC
The two firms allegedly failed to make adequate disclosures, leading to significant losses for investors
Ficc revenues rise for US banks in 2016
However, fourth-quarter earnings fall for most
Credit Suisse FX trading team: Yip out, Wang in
Both FX options traders are based in Singapore
Ex-Citi trader pleads guilty in price-fixing conspiracy
Between January 2007 and July 2013, Christopher Cummins, a former Citigroup trader in New York, conspired to suppress and eliminate competition in Ceemea currencies
US indicts three in FX probe
Justice Department says the accused UK-based traders face a maximum of 10 years in prison and $1 million in fines
FX weighs on banks' trading revenues in Q3 2016
OCC report finds a fall in FX and interest rates lowered banks' trading revenues, but they still performed better than in 2015
Ex-Barclays trader pleads guilty in price-fixing conspiracy
Jason Katz, a former EMFX trader at Barclays and BNP Paribas, pleads guilty in New York
PBs could return to FX as market evolves towards hybrid model
Panellists discussing credit in FX expect more clearing, but not the disappearance of over-the-counter models
Spot FX cannot accept lower standards of behaviour
Although spot FX trades are not under its purview, the FCA has warned market participants to sharpen up their act
More co-operation to come between banks and NBLPs
As liquidity providers increasingly split into the two extremes of risk appetite in both the bank and non-bank liquidity space
All trends play into Citi's hands, says Bindler, as bank crowned overall winner
Citi has been voted the overall winner at the 2016 FX Week Best Banks Awards, along with 10 additional accolades
R3 and Axoni conclude DLT trial for bonds
Proof-of-concept project explores uses for distributed ledger technology for bond issuance processes
Banks get partial reprieve in FX lawsuit but claims still stand
Non-settling banks in FX class action lawsuit eke out small victory after US district judge tosses out some allegations of manipulation
Citi's annual 'E for Education' campaign launches
The bank will donate $1 for every million of FX transacted; the initiative has raised $12 million in past years
Waters leaves transactional FX role at HSBC
Betsy Waters was head of transactional FX, Americas
Ficc revenues surge for US banks
The segment sees robust growth, with Morgan Stanley and JP Morgan the standout performers