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Citibank Sues Two Traders for $25 Million over SNB Flash Crash Losses
- In contradiction to most of the retail FX trading world where brokers decided to "forgive" negative balances caused by the CHF crisis, Citibank is going after traders who did not have enough collateral at margin call.
Thursday, 19/03/2015 | 08:46 GMT by
Avi Mizrahi
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
Citigroup, Goldman Sachs & ICAP Reportedly Running "Grexit" Stress Tests
- Global financial institutions have started preparing their systems for the eventuality of a Greek exit from the euro zone as radical left party Syriza continues to lead in the polls two weeks before elections.
Monday, 12/01/2015 | 11:49 GMT by
Victor Golovtchenko
RBS Preps for FX Settlement Charges with $639Mln Allocation, Company Stock Falls
- Several of the financial industry’s leading banks have been engulfed in an ongoing probe alleging FX manipulation – in anticipation of impending regulatory actions, RBS has allocated $639 million for potential settlements.
Monday, 03/11/2014 | 18:28 GMT by
Jeff Patterson
JP Morgan & Citigroup Report Increased Legal Costs in 3rd Quarter - Regulations Matter
- Two of the world’s largest banking institutes, JP Morgan and Citi have reported third quarter earnings. The banks saw an increase in the value spent on legal costs, the two reported upto $1 billion in expenses.
Tuesday, 14/10/2014 | 23:13 GMT by
Adil Siddiqui
Citi’s Global Head of FX, Stephane Knauf Parts Ways with Bank
- Citigroup’s Global Head of FX Services and Products, Stephane Knauf has reportedly parted ways with the banking group, ending a multi year stint as Managing Director in London, where he oversaw CitiFX.
Tuesday, 30/09/2014 | 05:44 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
Ex-Citi FX Head, Rohan Ramchandani Heads to LCG Despite Investigation
- Ex-Citigroup FX Head Rohan Ramchandani, the first individual fired during a global string of probes for FX manipulation has just been appointed as Chief Advisor for FX Spot and Risk Management at London Capital Group (LCG).
Friday, 12/09/2014 | 00:01 GMT by
Jeff Patterson
Citi Scopes up Former Credit Suisse Spot FX Trading Head, Danny Wise
- In May of this year, Mr. Wise was part of a group of six foreign exchange executives at Credit Suisse based in London and New York who were made redundant by the bank in a cost-cutting downsizing-drive.
Monday, 18/08/2014 | 12:29 GMT by
Avi Mizrahi
Former Citi Employee Chris Cecere Rehired Despite LIBOR Involvement
- Ex Citi employee Chris Cecere has been rehired by Brevan Howard Asset Management LLP, following his departure and involvement in manipulating the London Interbank Offered Rate (LIBOR) just two years ago.
Friday, 15/08/2014 | 15:03 GMT by
Jeff Patterson
Winfried Bischoff Named To JPMorgan’s European Board
- JPMorgan Chase & Co has announced the appointment of Winfried Bischoff as Chairman of JPMorgan Securities Plc in Europe, following his chairmanship at Citigroup Inc and Lloyds Banking Group Plc, replacing Tom Hoppe.
Tuesday, 12/08/2014 | 19:33 GMT by
Jeff Patterson
Citigroup Promotes James Boyle to Global Head of Equity Derivatives
- Citigroup Inc appointed James Boyle as its newest Global Head of Equity Derivatives, replacing the outgoing Simon Yates who left for New York hedge fund Two Sigma Investments LLC earlier this month.
Friday, 25/07/2014 | 14:48 GMT by
Jeff Patterson
JPMorgan Names Brett Krause, President of Chinese Bank
- JPMorgan Chase & Co continues to add new experienced investment banking executives to its JPMorgan Chase Bank (China) company after a shakeup in March following an investigation of hiring practices.
Wednesday, 23/07/2014 | 07:19 GMT by
Avi Mizrahi
Citigroup Executive Scott Balkan Parts Ways with Bank to Join Hedge Fund
- Scott Balkan, the Managing Director and Head of Distressed Debt at Citigroup Inc. is leaving the banking giant to join hedge fund Silver Point Capital LP, after a tenure of eight years with Citigroup.
Wednesday, 09/07/2014 | 15:31 GMT by
Jeff Patterson
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