Foreign exchange
DrKW reorganises capital markets
LONDON -- Dresdner Kleinwort Wasserstein (DrKW) has appointed Achilles Macris and Erich Pohl as global co-heads of its capital markets operation in London, the bank announced last week.
Citigroup defies downturn
Top player’s revenues up again as gap widens between the best and the rest
Barclays bolsters global line-up with 10th new recruit this year
LONDON -- The wholesale expansion of Barclays Capital's forex group continued last week with the hire of a new global head of foreign exchange structuring.
Dealers suffer continued M&A woes
LONDON -- Forex-related mergers and acquisitions (M&A) activity slumped further in Q3, according to data published earlier this month, adding to a difficult year for corporate sales.
MMS plans growth in forex analysis
LONDON -- FX and fixed-income analysis provider MMS International, part of the newly formed MMS Group, is to grow its headcount by 20%.
Upsurge in German forex
FRANKFURT -- Deregulation of the German insurance market is attracting the world's top investment banks to expand in Frankfurt.
Changing face of forex intervention
LONDON -- The changing nature of what motivates forex players to trade has shifted the thinking behind official intervention in the currency markets, according to James Trott, former chief dealer at the Bank of England.
Sterling credit crisis raises FX fears
LONDON -- Fears for the long-term future of sterling forex have been heightened by the revelation of a liquidity crisis in sterling bonds.
European currencies win out as Japan and US woes bite
LONDON -- European currencies were the winners last week as fears over economic and political issues intensified pressure on the dollar and the yen.
European currencies win out as Japan and US woes bite
LONDON -- European currencies were the winners last week as fears over economic and political issues intensified pressure on the dollar and the yen.
Options business booming
Growing client sophistication prompts banks to expand in derivatives
ABN Amro scores CLS coup
AMSTERDAM -- ABN Amro Bank announced three clients for its third-party Continuous Linked Settlement (CLS) service last week, scoring a coup in the highly competitive market.