Credit Suisse recently posted net loss of CHF 252 million in Q1 2021. The numbers reflected a significant charge in relation to the US-based hedge fund matter. The company descended into crisis after the collapse of US investment firm Archegos and suspending funds linked to the fallen British supply chain finance company Greensill Capital, reported…
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Singapore is notably in the top rankings of trading destinations for FX on a global basis. The Bank of International Settlements (BIS) has reported that Singapore is only marginally trailing behind the UK and the US in the multi-trillion dollar FX market. While distributing up-to-date market statistics for last month, SGX revealed a surge in…
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Balbir Bakhshi commented: I am delighted to be joining LSEG. I look forward to working with David and the wider team with a clear focus on risk management and operational resiliency across its global businesses. Bakhshi will assume his new role at LSEG on 25 January 2021. He will be succeeding Diane Côté who has…
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The solution will utilize existing bots between the two banks for fast communication to help eliminate market frictions. It can also bring trade remediation closer to the time of execution. As a result, the benefits can also reduce price slippage for clients between the FX leg of a transaction and the equity or fixed-income security…
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Olam’s Managing Director and Group CFO, N. Muthukumar said: Olam is delighted to partner with Deutsche Bank to implement Asia’s first ESG FX solution. This innovative facility provides us with a hedge on our currency risk exposure and enables Olam to lock-in a discount when we meet pre-set ESG targets that are aligned with our…
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When the going gets tough, the tough get going, or so it seems with Deutsche Bank. The troubled German titan on the global banking scene had no sooner filled one of its major profit centers with a new pedigreed foreign exchange trader and specialist than the fellow up and quit without explanation. Ernesto Mercadente no…
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President Trump has faced yet another legal backlash, as Deutsche Bank received an order to disclose his financial records. The decision that took place last week is just the latest one that is going to be decided on by the Supreme Court. Trump had 7 days to appeal the ruling that rejected his bid to…
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Deutsche Bank and BNP Paribas reached a master transaction agreement yesterday. According to Reuters, the transaction happens in order to assure service continuity to Deutsche’s global prime finance and electronic equities clients. Deutsche Bank said in a statement on Monday that it will continue to operate the platform until clients can be migrated to BNP…
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FX post-trade infrastructure and solutions provider Cobalt has announced that it has gone live with Deutsche Bank, XTX Markets and Saxo Bank as its first clients. Cobalt has developed a platform that matches all FX trades into a single trusted record, dramatically increasing efficiency and offering clients savings of up to 50% on their current…
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Deutsche Bank is on its way to the most significant restructuring in decades. The German bank announced on Sunday that it will exit the global equities sales and trading unit, cut down the investment banking arm and slash 18,000 jobs in order to try to improve profitability. According to CNBC, Deutsche plans to cut 18,000…
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