HSBC
Goldman Sachs dismisses FX trader
Former HSBC trader is the latest victim of FX probe
Regulators slam banks with fines totalling $3.4 billion
Five banks have been ordered to pay total fines of $3.4 billion in relation to the global regulatory investigation surrounding FX benchmarks
UK launches probe into banking sector competition
The investigation will assess whether the retail-banking market is too concentrated, with barriers to entry and opacity under scrutiny
UK set to issue RMB-denominated sovereign bond
Bank of China, HSBC and Standard Chartered appointed to help in the issuance of the bond, which will help finance the UK's reserves
HSBC hires senior FX salesperson
FX veteran returns to the market at HSBC after six months out
HSBC appoints FX sales head for Hong Kong
HSBC strengthens FX sales team in Asia-Pacific
Trading Places, 11 August, 2014
Cost-cutting measures forces job losses at Icap, while there are changes at HSBC and the Bank of England
Pencil in a year-end parity party
Relative growth, commodity prices and valuation favour further declines in the cross, despite post-RBNZ knee-jerk spike
CME to expand paired delivery as banks rethink third-party CLS
As banks scale back provision of CLS settlement to exchanges and CCPs
Central bank reserve managers downbeat on euro
Managers down on euro, but see improving prospects for USD, GBP and Commonwealth currencies
Indian rupee set for limited post-election gains
The INR is set to gain against the USD after BJP secures a strong parliamentary majority
FX Week forecasters still undecided on EUR/JPY
FX Week's regular forecasters have widely divergent views on where EUR/JPY is headed
Credit Suisse a named defendant in FX antitrust law suit
Credit Suisse is one of 11 named defendants in a US class-action lawsuit that alleges a breach of antitrust laws, but says it hadn't been part of Weko's preliminary investigation and is astonished to be named as part of probe
Morgan Stanley promotes Jerome to head FXEM in Emea
New role for Oliver Jerome in London; other moves at Deutsche Bank, National Australia Bank and UBS
Fixation on internalisation is ‘nonsense’, say banks
Banks respond to increasing industry focus on internalisation of FX trades, arguing the practice offers better execution for clients than trading on primary platforms
RMB volatility slows corporate hedging activity
Demand for structured forwards down by 80% as corporates wait for RMB to stabilise, dealers say
CLS set to add Russian ruble in November, source says
Industry settlement utility CLS is poised to add the ruble to its currency universe in November
Deutsche suspends Mexican peso trader
Diego Moraiz placed on leave in New York; other people moves at HSBC, Wells Fargo, Standard Chartered and UniCredit
HSBC expands in FX sales with senior hire
Mathijs Peeters joins HSBC as a director in FX sales to northern Europe after three years at Nomura
Revolving doors at Brevan Howard as Craignou joins
Ex-HSBC head Vincent Craignou joins Brevan Howard as a portfolio manager, while Neilan Govender returns to Credit Suisse after a short stint with the hedge fund
BBVA hires Horowitz from Marex Spectron
Sam Horowitz will split his time between trading emerging markets FX and developing BBVA's e-FX offering
Offshore RMB market booming in London, report finds
A study by the City of London Corporation reveals the City's efforts to become a global hub for renminbi business are paying off, with daily spot value reaching $4.8 billion last year
SG CIB expands in FX sales
Darren Charnock and David Brickell join Société Générale Corporate and Investment Banking in senior FX sales roles
FX Week Europe: 'Patchy' liquidity in FX a concern for the future
Concentration in the number of liquidity providers and the reliability of HFT market-making raises concerns for senior industry officials