Royal Bank of Scotland Group plc (LON:RBS) said it expects to settle with American authorities investigating Forex manipulation at the bank in the coming month and set aside a further 334 million pounds ($515 million) to cover the potential cost. The allocation from RBS takes the total set aside by the bank for future FX settlements to 704 million pounds…
Read moreHaving become a VISA Principal Member earlier this year, payment processor ECommPay has now attained a similar honour from international payment system MasterCard. The title of MasterCard Principal Member, awarded on April 29th 2015, as well as the accompanying license agreements, are valid in all member states of the European Union. Michael C.G. Charalambides, director…
Read moreOperating profit totaled JPY 2.29 billion in the first three months of 2015, as the Japanese Forex giant continued to benefit from a rise in client numbers and transaction volumes.
Read more"How, in what sense, was MtGox the focus of fringe investors and mavericks? Which exchanges are fully regulated (licensed)? How would we know whether an exchange is highly secure? Bitstamp was just hacked and other exchanges have not performed audits. I don’t agree that there has been a rapid change" - Jesse Powell, CEO, Kraken
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 moreOperating revenues in March 2015 amounted to JPY 5.13 billion, the highest mark since December 2013.
Read moreThe SNB's just-released Q1 report shows an overall loss of CHF 30 billion ($31 billion), almost all due to foreign currency action.
Read moreThe 59 year-old was arrested in East Yorkshire by detectives on suspicion of fraud by false representation and money laundering and is currently being questioned in a local police station.
Read moreNew entity to meet demand for freedom and flexibility for all retail, institutional and commercial currency traders
Read moreAssociate of introducing broker GFET, Harmik Iranossian allegedly estimated a prospective customer's net worth at around $18,000 when, in reality, the prospective customer was insolvent
Read more