Europe
FX Week Europe: Eurozone survival discussion is premature, says academic
European leaders are "playing poker", but the game will last longer than a few days, says Brunel University's professor of economics
The eurozone is not 'Hotel California', says BNY Mellon strategist
Simon Derrick stresses eurozone membership is not interminable and believes the likelihood of Greece leaving the eurozone is now the most plausible option following the events of last week
Audio: To QE or not to QE, is the only question?
Markets could be sleepwalking into global crisis 2.0 as a third round of quantitative easing becomes increasingly likely, cautions Nick Beecroft, senior markets consultant at Saxo Bank in London.
The euro: Up or down?
Nearly a year after the eurozone sovereign debt crisis erupted, we talk to four currency strategists to ascertain the prospects for the European currency over the coming year and identify the euro bears and bulls
UBS restructures European forex sales
UBS has strengthened its sales offering with a key hire amid an overhaul of its European sales structure.
HSBC ahead of the game with EM-to-EM focus
HSBC has maintained its lead in emerging market (EM) currencies by adapting its business to focus on the rise in trade between emerging market economies. But the trend sees EM-focused Standard Chartered hot on its heels.
Critics hit back at cross-border bank levy
Critics are hitting back at plans to introduce a bank levy on UK dealers, highlighting the challenges of implementing the cross-border charge.
Raphaels Bank to go live on ESN in November
LONDON - Raphaels Bank is due to go live with Wall Street System's electronic settlement network (Wallstreet ESN) in the last week of November, as part of efforts to boost its post-trade operations.
Global growth slows and assets shift
The hunt for yield is an increasingly important driver of FX, says Callum Henderson, global head of FX research at Standard Chartered in Singapore
Investors inject $360m of new capital into Asian-focused hedge funds in Q2
Hedge funds in Asia were the recipients of large net asset fund inflows during the second quarter of 2010, reversing the trend witnessed in the first quarter
Wade's in at Deutsche Bank
NEW YORK - Deutsche Bank has boosted its electronic foreign exchange sales effort to corporate clients with a key hire from Citi.
Markets brace for stress tests
LONDON – The euro traded firmly ahead of the European bank stress test results last Friday (July 23), despite expectations several banks will fail. But analysts warned the common currency is still a risk asset.
ParkerFX makes small gain in May
STAMFORD, CT - The Parker FX Index has reported a return of 0.14% for May, as currency markets were marked by risk aversion amid fears of a double-dip recession, increased risk contagion from the European sovereign debt crisis and significant declines in…
Europe hikes capital rules, slashes banker bonuses
Legislation adopted by European Parliament requires banks hold up to four times more capital to protect against trading risk; half of bankers’ bonuses to be paid in contingent capital
Execs would not be surprised if eurozone shrinks, report claims
RBC Capital Markets survey says Greece most likely country to leave the eurozone
Deutsche rings in changes: promotes Altunis
LONDON - Deutsche Bank has made Kenan Altunis European head of institutional foreign exchange sales in London amid promotions in the business announced on Tuesday (June 16).
Trend followers power through in May
LONDON - Currency managers using the trend strategy were the best performers in May, with an overall net movement into the US dollar, indicates research by Royal Bank of Scotland.
Confusion over regulations continues
The new foreign exchange committee could not have come at a better time, with much confusion over the status of currency derivatives in Germany, following its government’s decision to backtrack on a proposed ban earlier last week.
Latin America: Looking beyond the correction
Morgan Stanley analysts believe there will be scope for a recovery in emerging market assets once the positioning becomes more balanced – primarily with respect to real-money investors, which will mean a bit of repricing
Citi sales reorg after Jan Bak departure
LONDON – Citi has reorganised its institutional sales team with the departure of Jan Bak, head of non-UK European institutional sales in London.
BBVA looks to Taiwan for growth
TAIPEI – BBVA will, in the coming weeks, apply to the Taiwan financial regulator to open a locally incorporated unit on the island, as the bank continues to look for expansion opportunities across Asia.
Traders prep for more euro troubles
LONDON - Options markets are pricing in further euro downside risk, despite expectations a multibillion euro bailout package for Greece will be unveiled soon.
Euro loses as markets play it safe
Greece continues to dominate the headlines. However, the contagion effect to other eurozone peripherals as well as concerns over Chinese monetary tightening and proposed financial regulatory reforms have been driving financial markets recently –…
Experts divided over central bank intervention
TORONTO - There were mixed views on the central bank intervention in currency markets seen since the crisis among speakers at the FX Invest North America congress in Toronto last Tuesday.