Changes brought on by new regulations will drive trading activity in foreign exchange away from options and non-deliverable forwards (NDFs) to futures, which will become a much bigger and more important part of the FX market.
We're off to the races now.
If you were down for long, you'd be out the door.
It's great to be young - and a banker.
Six months after announcing plans to sell its physical commodities business, JPMorgan Chase is close to a final deal, according to a source familiar with the matter.
Sunny Tadjudin’s allegation that her manager at Bank of America transferred a losing position to her to increase his bonus is 'complete nonsense,' the bank’s lawyer said.
Credit Suisse plans to sign a 20-year lease to stay at its Americas headquarters, taking less space in the tower at 11 Madison Ave. in Manhattan.
Beware ageing male hedge fund traders.
JPMorgan said profit fell 7.3% in the fourth quarter, after $2.6bn in settlements linked to Bernard Madoff’s Ponzi scheme as legal costs ended a three-year streak of record annual earnings.
Three former Rabobank traders were charged by the U.S. with engaging in a five-year scheme to manipulate benchmark interest rates as international probes of rate rigging escalate.