Banks
BNP Paribas signs up to FX Global Code
The French bank is the third lender to sign a Statement of Commitment after Barclays and Saxo Bank
CIB revenues set to drop slightly in Asia – Coalition
Survey finds corporate and investment banking revenues are expected to be 4% lower in 2017 than the year before
Regulations often neglect FXPB, panellists say
Post-crisis regulatory efforts tend to focus on core market-making, leaving credit intermediators in a confusing limbo
Banks reportedly preparing to settle EU FX probe
Barclays, Citigroup, HSBC, JP Morgan, RBS, UBS and two other institutions set to pay out billions of euros, according to Financial Times
Crown Agents Bank launches FX trading platform
UK-regulated bank provides a link between developing markets and OECD governments, financial institutions, NGOs and corporates
Integral appoints Srivastava as chief revenue officer
Vikas Srivastava has worked at Integral since 2010, overseeing its regulatory initiatives
DFS hits Credit Suisse with $135m fine
Department of Financial Services issues consent order, listing FX misconduct and abuses that potentially affected customers for years
‘So FX is now illegal’
Mark Johnson's guilty verdict and the decision to extradite Stuart Scott raises personal risks for FX market participants
Cobalt chooses Solace for post-trade information processing
The move aims to guarantee incoming messages can be processed consistently, especially during bursts of heightened market activity
Guilty verdict returned in Johnson case
Jury finds Mark Johnson guilty of conspiracy and eight counts of wire fraud
Platform capacity issues raise liquidity concerns
Liquidity providers concerned that ECNs are struggling to cope with amount of data going through venues
Prosecutor alleges ‘bonanza of lies’ in closing argument
Prosecuting attorney says Mark Johnson used his superior knowledge to take advantage of Cairn Energy
Johnson under cross-examination
Prosecution attorneys argue HSBC went beyond its executing bank role when it advised Cairn on order execution
‘Gus thinks we’re buying 6.5bn’ – Johnson trial
Mark Johnson’s trial reveals how HSBC faced significant difficulties with the Cairn order as other banks knew of the deal and tried to benefit from the information
Judge allows Rodgers’ ‘Russian name’ analysis into case
Judge does about-turn and allows Rodgers – whose $1,100 hourly fee riles prosecution – to enter his findings in court
Earthport to provide cross-border payment services to SECB
Headquartered in Frankfurt, SECB Swiss Euro Clearing Bank is a major euro payments-clearing hub for Swiss banks
GE’s FX managing director retires, launches advisory
As banks downsize their sales teams, David Rusate is looking to lend his currency expertise to small- to medium-sized firms
Johnson’s defence to present case on Tuesday
Rodgers expected to take stand during course of the week
Cahill in hot seat over FCA statements
Former HSBC trader admits he would have given a different answer to the FCA if the question had been more specific
Fed fines HSBC $175m for unsafe FX practices
Bank ordered to improve practices
Deutsche settles FX rigging case for $190m
Credit Suisse now the only holdout defendant in the case that involves 16 major banks
Pre-hedging debate at centre of Johnson trial
For some, pre-hedging is common practice; for others, it is synonymous with front-running – a jury will need to decide
Johnson trial to resume on Monday
Judge falls ill, trial to continue on Monday; on Wednesday, Dipak Khot, testifying for the prosecution, underwent six hours of questioning