Search Results for: Deutsche Bank
FCA fines set to dip below record despite Libor and forex penalties
May 26th, 2015
Last week’s record £284.4m penalty imposed on Barclays for its part in the foreign exchange rate rigging scandal came just weeks after a £226.8m fine on Deutsche Bank The Financial Conduct Authority’s income from fines is set to fall ...
Marco Baggioli Swaps BNP for ADS
April 29th, 2015
Marco Baggioli, Global Head of FX Prime Brokerage at BNP Paribas, is joining ADS Securities London Limited to take up the role of Chief Operating Officer. He will start work after the 1st July 2015 reporting to ADS London’s Managing Director, James ...
New York State Superintendent of Financial Services may exclude electronic trades from FX deals
April 22nd, 2015
New York State Superintendent of Financial Services Benjamin Lawsky said evaluations of electronic trading may hold up foreign-exchange settlements for certain banks. Mr. Lawsky, speaking at a Dow Jones risk and compliance conference Tuesday, said it could take the ...
BofA Investors Say Settlement Reached in Forex Class Action
April 17th, 2015
Bank of America Corp. investors say they’ve settled a lawsuit accusing the company of rigging prices in the foreign-exchange market. The investors, several pension and hedge funds, didn’t reveal how much the bank would pay in a statement Thursday ...
Clifford Chance advises on GF Securities (Hong Kong)’ IPO
April 15th, 2015
International law firm Clifford Chance has advised a group of 26 underwriters, led by GF Securities (Hong Kong), Goldman Sachs, Morgan Stanley, BOCOM International Securities, Deutsche Bank and Merrill Lynch on GF Securities’ HK$28 billion (US$3.5 billion) listing on ...
Goldman Overtakes JPMorgan in Commodities After Mercuria Sale
March 27th, 2015
Goldman Sachs Group Inc. earned back its place as the largest bank by commodities revenue after JPMorgan Chase & Co. sold its physical raw-materials business. JPMorgan, which made the most money from commodities among the top 10 investment banks ...
Citigroup, Barclays Close to Settling Forex Lawsuit With Private Investors
March 18th, 2015
Citigroup Inc. and Barclays PLC are expected to pay as much as $800 million combined to settle a lawsuit with investors who say the banks manipulated foreign-exchange rates, according to people close to the situation. The expected settlements would ...
Investor Group to Buy GE Capital’s Australia, New Zealand Consumer-Lending Unit
March 16th, 2015
Investors include KKR, Deutsche Bank, Värde Partners, in one of biggest deals in Asia-Pacific this year In one of the biggest deals in the Asia-Pacific region so far this year,General Electric Co. agreed to sell the consumer-lending business of GE Capital ...
European equity funds to draw strong inflows on ECB move
March 12th, 2015
European stocks are poised to become the darlings of 2015 on the back of the European Central Bank‘s 1 trillion euro government bond-buying programme. The ECB’s programme, which began on Monday, will likely spur already surging demand for European ...
Fed Tiptoes Into Rate-Hike Debate
February 19th, 2015
Minutes of latest policy meeting show central bankers discussing when and how to raise interest rates from near zero The Federal Reserve’s debate about raising short-term interest rates is heating up. At their Jan. 27-28 policy meeting, officials heard ...
