Search Results for: Banks
FCA fines Barclays £284,432,000 for forex failings
May 20th, 2015
The Financial Conduct Authority (FCA) has imposed a financial penalty of £284,432,000 on Barclays Bank Plc (Barclays) for failing to control business practices in its foreign exchange (FX) business in London. This is the largest financial penalty ever imposed ...
Top news of the day, May 20
May 20th, 2015
1. As Greek government officials expressed their confidence that a deal with the country’s creditors is close, top European officials indicated Tuesday that although there has been progress in negotiations, an agreement is unlikely before the end of the ...
Bitcoin: A Remarkable Innovation and Its Limitations
May 20th, 2015
My own sense is that popular interest in Bitcoin peaked about 12-18 months ago. Perhaps that interest will return. But for now, my sense is that Bitcoin represents a remarkable–indeed, a breakthrough–innovation which nonetheless is beginning to show its limitations. Rainer ...
Cloud demonstrates a silver lining for Financial Services organisations looking to improve supply chain collaboration
May 20th, 2015
A shift in thinking across the financial services sector, embracing the advantages of private cloud software delivery, has seen leading eProcurement software provider Wax Digital pick up six new clients in the sector in the last six months, including ...
UBS to Plead Guilty on Libor, Fined by Fed in Currency Probe
May 20th, 2015
UBS Group AG said its main unit will plead guilty to fraud in the U.S. for manipulating benchmark interest rates and pay $203 million in fresh fines after the Swiss bank violated an agreement that had allowed it to ...
Standard Chartered Joins FXSpotStream as the 11th Liquidity Provider
May 19th, 2015
FXSPOTSTREAM ANNOUNCES THAT STANDARD CHARTERED HAS JOINED AS A LIQUIDITY PROVIDER OF FXSPOTSTREAM’S PRICE AGGREGATION SERVICE, EXPANDING FXSPOTSTREAM’S LIQUIDITY PROVIDERS TO ELEVEN GLOBAL FX BANKS FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced that Standard Chartered ...
FIX Trading Community Survey reveals increasing take up of FIX in post-trade workflow
May 19th, 2015
FIX Trading Community Survey reveals increasing take up of FIX in post-trade workflow FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced the results of its Global Post-Trade Survey used to ...
Are They About To Confiscate Money From Bank Accounts In Greece Just Like They Did In Cyprus?
May 19th, 2015
Do you remember what happened when Cyprus decided to defy the EU? In the end, the entire banking system of the nation collapsed and money was confiscated from private bank accounts. Well, the nation of Greece is now approaching ...
The B2 Group provides integration layer for FUNDcom users
May 19th, 2015
Equinoxe users realise benefits of seamless transaction processing The B2 Group, provider of cloud based Payments, Investment Funds and FX automation software and consultancy solutions for Transaction Banks, Administrators, Fund Companies and Corporates across the globe, announced today the ...
Bitcoin trading launches on Nasdaq Stockholm exchange
May 18th, 2015
The world’s first bitcoin-based security available on a regulated exchange has launched on Sweden’s Nasdaq. Bitcoin Tracker One, developed by Stockholm-based firm XBT Provider, is an Exchange Traded Note (ETN) that allows traders to invest in bitcoin and access the returns ...
