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Barclays
Citigroup and Barclays Set to Pay $800 Mln More for FX Manipulation
- After settling with regulators, big banks have been engaged in reaching a consensus with private entities who filed lawsuits in the aftermath of the FX fixing manipulation investigation results last year.
Wednesday, 18/03/2015 | 12:21 GMT by
Victor Golovtchenko
New OTC Derivatives Post-Trade Clearing Utility Launched to Streamline Processes & Costs
- A new initiative by SunGard is expected to transform clearing of OTC derivatives transactions. The firm has launched a new utility with Barclays to optimise costs and procedures in light of regulatory changes.
Monday, 09/03/2015 | 19:02 GMT by
Adil Siddiqui
American Authorities Are Having a Look at Banks'"Last Look"
- The U.S Justice Department and the Securities and Exchange Commission are investigating Barclays Plc over the procedure of last look allowing the bank to requote orders at the expense of its clients.
Tuesday, 03/03/2015 | 22:18 GMT by
Avi Mizrahi
DFS Probe of Barclays Forex Rate-Rigging Could Delay Other Settlements
- Barclays' settlement with regulators in the UK and the US, otherwise close to an agreement, is being held back due to the New York Department of Financial Services' probe, according to an FT report.
Sunday, 01/03/2015 | 15:49 GMT by
Kenny Mariasin
US Department of Justice Widens FX Probe to Include Currency-Linked Products
- The DoJ will examine currency-linked investments sold by Barclays and UBS. The structured products under scrutiny are both based on carry trades and were sold to Swiss hedge funds and other sophisticated investors.
Monday, 09/02/2015 | 11:56 GMT by
Kenny Mariasin
Barclays' Settlement with Authorities on Forex Manipulation Scandal to Exceed £500 Million
- The London based bank’s CEO said to Sky News he is hoping to settle forex manipulation allegations in 2015, reckoning that the half a billion pound set aside for it may be insufficient: “It will be a bigger number."
Thursday, 18/12/2014 | 11:31 GMT by
Finance Magnates Staff
Ex-Barclays FX Head, Christophe Gioffredo Joins UBS
- Former Barclays Head of FX Sales, Christophe Gioffredo has reportedly joined UBS in a hedge fund sales related role, following nearly a decade at Barclays and a brief hiatus from the markets since June.
Friday, 31/10/2014 | 00:03 GMT by
Jeff Patterson
As the Forex Manipulation Resolution Approaches, Barclays Sets aside £500 Million for Fines
- Barclays Chief Executive Officer Antony Jenkins has also said he is trying to improve profitability and stop any possible wrongdoing by cutting the size of the investment bank and closing underperforming departments.
Thursday, 30/10/2014 | 10:22 GMT by
Avi Mizrahi
Regulatory Authorities Nearing FX Manipulation Charges, Fines Approaching $41B?
- Following a yearlong investigation by a number of global regulators alleging FX manipulation by many of the world’s leading banks, the potential costs associated with fines are starting to be weighed.
Tuesday, 21/10/2014 | 08:33 GMT by
Jeff Patterson
Capco Names ex-Barclays Executive Jonathan Rose as Partner
- Global business and technology player for the financial services industry, Capco, has announced the appointment of Jonathan Rose as a Partner to its UK team, helping steer the firm’s development.
Monday, 06/10/2014 | 09:02 GMT by
Jeff Patterson
Six Banks to Fix Foreign Exchange Fixing Violations Via £1-2 Bln Settlement
- According to a Financial Times report the FCA started settlement negotiations with Barclays, Citigroup, HSBC, JPMorgan Chase, the Royal Bank of Scotland and UBS for foreign exchange fixing manipulation.
Friday, 26/09/2014 | 16:25 GMT by
Victor Golovtchenko
Barclays Taps Richard Casavechia as Its Newest M&A Head
- Barclays PLC has appointed Richard Casavechia as its newest Head of Mergers and Acquisition (M&A) structuring and is slated to take up his new position after coming over from Bank of America Corp by years end.
Wednesday, 10/09/2014 | 14:01 GMT by
Jeff Patterson
UBS Poaches Algo Trading Specialist, Pierre Vermaak From Barclays
- Former Barclays forex and commodities specialist Pierre Vermaak is headed to UBS to head its newly-revamped FRC division, replacing the outgoing Thomas Klocker who left for Bank of America Merrill Lynch back in June.
Wednesday, 30/07/2014 | 21:09 GMT by
Jeff Patterson
NYDFS Intends to Place Monitors at Deutsche Bank and Barclays as FX Investigation Continues
- As the investigation by regulators in regards to collusion and price fixing in the FX interbank market continues, the NYDFS has issued its intentions to place monitors at Deutsche Bank and Barclays.
Wednesday, 30/07/2014 | 09:35 GMT by
Ron Finberg
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