Search Results for: currency market
HSBC sets aside $378 million for FX probe settlement
November 3rd, 2014
HSBC Holdings (HSBA.L) set aside $378 million to pay a potential fine from the UK regulator for alleged manipulation of currency markets, as Europe’s biggest bank reported a 12 percent fall in underlying earnings after costs rose. HSBC on ...
Citigroup’s $600M about-face
October 31st, 2014
Citigroup restated its previously released third-quarter profit report by $600 million Citigroup stunned investors late Thursday when it cut its third-quarter earnings by $600 million, blaming an increase in allowances for legal expenses. The global banking giant said the ...
Sterling Lads Chats Show FX Traders Matching Fix Orders
October 30th, 2014
“Any fix quid?” a currency trader at Barclays Plc asked a counterpart at HSBC Holdings Plc at 2:25 p.m. on June 23, 2011. “Get 50 cable on fix,” he said as he tried to sell British pounds. “Nothing as ...
Barclays Third-Quarter Profit jumps, sets aside FX probe
October 30th, 2014
Barclays Plc (BARC), the U.K.’s second biggest bank by assets, said third-quarter profit unexpectedly rose in the third quarter as the bank set aside 500 million pounds ($799 million) to settle probes into currency markets. Adjusted pretax profit rose ...
Deutsche Bank Legal on Potential Report of Legal Costs
October 13th, 2014
Deutsche Bank AG (DBK) fell in Frankfurt trading on a report that the company may have to boost provisions for legal costs by 30 percent. The shares declined as much as 1.4 percent to the lowest in more than ...
More pressure for Australian dollar after rollercoaster 24 hours
October 10th, 2014
The Australian dollar came under renewed pressure on Friday after a relatively stable week during which it settled into a new comfort zone between US86.50¢ and US88.50¢. Late in the local session, the Aussie was trading at US87.71¢, compared ...
Asian shares soar on wings of dovish Fed message
October 9th, 2014
Asian shares surged and the dollar skidded on Thursday after minutes of the U.S. Federal Reserve’s latest policy meeting showed concerns about downside risks of a stronger dollar and the global economy. European shares were expected to take their ...
Japanese stocks, dollar shine on upbeat U.S. jobs
October 6th, 2014
The U.S. dollar held near four-year highs against a basket of currencies and Asian shares advanced on Monday, after upbeat U.S. jobs data eased concerns over slower global growth. Tokyo’s Nikkei .N225 jumped 1.3 percent, while Hong Kong shares ...
Dollar Is 0.2% From 2-Year High on Policy Divergence Bets
October 6th, 2014
The dollar was about 0.2 percent from a two-year high versus the euro as U.S. job gains highlighted the divergence in monetary policy between the Federal Reserve and the European Central Bank. The euro weakened versus higher-yielding currencies as ...
Putin sees strong Russian Economy, but advisers disagree
October 3rd, 2014
Though the president depicted an open and stable economy, senior officials acknowledged slow growth and the flight of foreign investors. President Vladimir V. Putin did his best to paint a rosy picture of the Russian economy in a speech ...
