Jeong Jae-chan, the chairman of South Korea’s Fair Trade Commission, told a parliamentary hearing that an investigation had begun, although he did not elaborate.
Read moreThe Wall Street Journal's Christina Rexrode broke the news yesterday that Bank of America will pay $180 million to settle a lawsuit by private investors who accused the bank and others of manipulating Forex rates. The bank’s decision to agree to settle comes after rivals J.P. Morgan Chase & Co. and UBS AG had agreed…
Read moreA look back at the most intriguing and popular Forex industry news stories from the past week at LeapRate. To make sure that you receive timely access to all LeapRate news, sign up to our Daily Forex Industry Newsletter on the right… → New York and Chicago’s big-hitters go Bitcoin | https://www.leaprate.com/xeRYs Jamie Coleman joins…
Read moreThe voice behind FXbeat's charismatic FX market insight has joined Bank of America as User Experience Editorial Consultant
Read moreBank of America, Citi Bank and HSBC are interested in setting up offshore branches in India’s first international financial services centre (IFC) in Gujarat. AK Jha, CEO of the forthcoming GIFT City in India’s north was quoted as conveying to the Economic Times of India. "All Indian banks that have offshore branches are willing to…
Read moreBank of America (NYSE:BAC) unit Merrill Lynch has been fined by US financial regulator FINRA a total of $6 million for violations relating to short selling. The FINRA press release follows, and can also be seen here. FINRA Fines Merrill Lynch a Total of $6 Million for Reg SHO Violations and Supervisory Failures WASHINGTON —…
Read moreSascha Szyfman joins Bank of America's Global Technology and Operations team after three years at FXDD in New York
Read moreIn a piece by Bloomberg today they talk about large financial institutions removing the market making function within their business, most recent is B of A. We have seen this trend within the last few years in the retail Forex space as the conflict of interest is too much to overcome sometimes creating a barrier…
Read moreFX industry senior executive Marco Pelizzoli to head FX division of European banking conglomerate as next step in 25-year career European banking corporation Santander GBM last week appointed its former Global Head of e-Commerce Marco Pelizzoli to the position of Global Head of FX Trading. Mr. Pelizzoli joined Santander GBM in 2009 after a four-year…
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