Barclays bullish on prime brokerage after $20 billion Deutsche Bank gain
Group CEO of Barclays, Jes Staley, says the bank is continuing to see gains in prime brokerage after increasing balances in the third quarter.
Tag: Barclays
Banks hail ‘golden age’ in FX amid evolving buy-side relationships
Panel of major banks at TradeTech FX agree the sell-side have changed the mentality around new product development, as the buy-side seeks increased automation and integration.
Barclays confirms gain of around $20 billion in Deutsche Bank prime balances
Jes Staley said Barclays has gained roughly $20 billion from Deutsche Bank as it targets growth of prime brokerage business.
Banks face legal action in the UK over FX rigging scandal
Investment firms affected by major FX rigging scandal at Barclays, Citi, RBS, JP Morgan and UBS are seeking compensation in the UK.
Derivatives
Barclays to provide US client swaps clearing through Eurex
The move follows a rebrand of Barclays’ agency derivatives services business, and aims to ensure continued access to market in face of Brexit.
Banks handed further fines in Switzerland for FX trading cartel
Swiss competition authority has fined Barclays, Citigroup, JP Morgan, RBS & MUFG a combined CHF 90 million for its role in rigging the FX spot market.
Barclays hires JP Morgan veteran to lead global equities division
JP Morgan’s Fater Belbachir has been appointed global head of equities at Barclays in London, the bank has confirmed.
Utility Settlement Coin gains £50m backing and moves forward with backing of banks
State Street, BNY Mellon and MUFG among those backing the tokenisation project aimed at transforming clearing and settlement.
Wells Fargo appoints John Langley as new EMEA president
Former Barclays veteran to succeed Frank Pizzo as head of Wells Fargo’s EMEA operations as of 1 July.
OpenFin secures $17 million funding from Wells Fargo and Barclays
Series C funding round led by Wells Fargo and including existing investors brings OpenFin funding to $40 million to date.