Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 30, 2019. The text below is an excerpt and does not contain the full analysis. Just like many of us, it seems lawmakers in the United States just can't get enough of crypto. Earlier…
Read moreOTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx) that provides clearing services for over-the-counter, or OTC, derivatives, has welcomed Citigroup Inc (NYSE:C) as its first Clearing Member from the United States. "We are pleased to admit Citi as our first US Clearing Member following our receipt of No Action…
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 moreA source familiar with the matter said the ECB's decision seemed to be related to currency manipulation fines from last week. Citi was fined the most of the six banks involved, just outstripping the $1.012 billion levied on J.P. Morgan.
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