Friday, August 5, 2016

PwC Fails to Throw Out MF Global Malpractice Suit

PwC Fails to Throw Out MF Global Malpractice Suit

PwC Fails to Throw Out MF Global Malpractice Suit

Posted: 05 Aug 2016 11:46 AM PDT

PwC couldn't escape from a $1B suit brought by MF Global's bankruptcy administrator over the auditor's alleged negligence.

KVB Kunlun Reports Interim H1 2016 Financial Results

Posted: 05 Aug 2016 10:17 AM PDT

The leveraged foreign exchange and other trading income of the Group increased by approximately 31.5%.

TMX Group Sees Waning Volumes in July, Equities Fall Double Digits

Posted: 05 Aug 2016 07:41 AM PDT

After a strong run in H1 2016, TMX Group dialed up an uneven performance in July in terms of volumes.

Currencies Direct Hires Barclays Ex-CEO as Non-Executive Chairman

Posted: 05 Aug 2016 07:38 AM PDT

Jenkins predicts a 50% cut in bank branches and staffing due to revolutionary developments in the Fintech sector.

Morgan Stanley’s Andrea Gazzani Joins Rival Lender Commerzbank in FX Role

Posted: 05 Aug 2016 07:02 AM PDT

Mr. Gazzani joins Commerzbank as its Vice President of FX Institutional Sales in London.

No Doubt The Most Brutal Fight Yet

Posted: 05 Aug 2016 06:22 AM PDT

We wrap up another week with a selection of our editors' favourite stories and reading recommendations.

Japanese Rakuten Securities Acquires Australian FX Brokerage FXAsia

Posted: 05 Aug 2016 06:19 AM PDT

Rakuten Securities continues its expansion into the foreign exchange market after acquiring FXCM Japan last year

Westpac Seals AU$50 Million Fund with VC Firm Reinventure

Posted: 05 Aug 2016 05:48 AM PDT

The Australian fintech industry continues to expand as Westpac backs a second AU$50 million startup fund.

TopFX’s VP of Business Development, Paul Orford Leaves Company

Posted: 05 Aug 2016 04:29 AM PDT

Paul Orford has left TopFX after two years of leading its Business Development team.

USGFX Partners with PsyQuation to Facilitate Trading Success

Posted: 05 Aug 2016 03:59 AM PDT

The firms have teamed up to empower traders with market research, tools and signals to make more informed trading decisions.

Barclays’ Global Head of Risk, Ray Kahn Parts Ways With Bank

Posted: 05 Aug 2016 03:48 AM PDT

Ray Kahn is the latest big name to leave a major bank in the past few months.

RBS Posts $2.7B Net Loss in H1, Revenues Down Nearly -20%

Posted: 05 Aug 2016 03:08 AM PDT

Despite aggressive cost cutting measures, RBS has not managed to right the ship for anxious shareholders.

Exclusive: Societe Generale Targets FX Market Share With New Talent Hires

Posted: 05 Aug 2016 03:04 AM PDT

Societe Generale has committed to expanding its global FX sales team to expand its market share

Nasdaq’s July Metrics a Mixed Bag, FICC Strikes 2016 Lows

Posted: 05 Aug 2016 02:19 AM PDT

Despite a strong reading of equity derivatives, July 2016 saw a rampant decline across key figures.

After ‘Super-Thursday’, Its NFP Time For The Market!

Posted: 05 Aug 2016 01:50 AM PDT

All eyes have shifted towards the NFP release in the US for clues of a 2016 rate hike from the Fed.

FICC Markets Standards Board (FMSB) Appoints Gerry Harvey as CEO

Posted: 05 Aug 2016 01:45 AM PDT

Harvey brings 30 years' experience in wholesale financial markets and the regulatory field.

Avelacom Sets up in SGX Data Centre to Expand its Co-location Footprint

Posted: 05 Aug 2016 01:09 AM PDT

With a new point of presence in SGX Data Centre, Avelacom leverages its connectivity offerings across and beyond Asia.

LSE Chief says London To Retain Euro-Denominated Clearing

Posted: 05 Aug 2016 01:08 AM PDT

Xavier Rolet has played down euro clearing leaving London keeping key tasks after the stock exchange merger.
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