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.
Tag: Barclays
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.
Major banks fined over €1 billion for role in FX trading cartel
European Commission has fined Barclays, RBS, Citigroup, JP Morgan and MUFG a total of €1.07 million for involvement in FX trading cartel.
Former Nomura MD named chairman of equity capital markets at Barclays
Ken Brown, formerly head of global finance for EMEA at Nomura, joined Barclays today as chairman of equity capital markets for Europe and the Middle East.
Barclays unveils multi-asset electronic and algo trading platforms
Barclays has increased its efforts over the past year to reinvest in its electronic trading business with new services and features.