The rights of customers cannot be subordinated to the self-interest of trader profit. The duties of financial institutions to those who entrust them with their investments must be respected. Where there is a failure of this responsibility, it must be clear that there will be accountability” - Michael D. Hausfeld
Read moreBarclays is subject to £1.53 billion in fines from 6 US and British authorities, representing the highest fiscal penalty paid so far by any single institution with regard to the FX manipulation cases that have been ongoing since mid 2013
Read moreRBS will pay penalties of $395 million to the DoJ and $274 million to the Federal Reserve to resolve the investigations. As previously disclosed, RBS remains in discussions with governmental and regulatory authorities in other jurisdictions in relation to conduct within its FX business
Read moreUnder the DOJ resolution, JPMorgan Chase & Co. will plead guilty to a single antitrust violation and pay a fine of $550 million. Under the resolution with the Fed, the Firm will pay a fine of $342 million and has agreed to the entry of a Consent Order. The Firm has previously reserved for these settlements
Read more‘We are excited to be located on Collins Street, the heart of Melbourne’s Finance industry" - Owen Kerr, CEO, Pepperstone
Read moreTwo days after selling $585,000 worth of company stock, FXCM independent director James Brown has sold a further 207,970 shares, at a value of $312,000
Read moreCME Group reported a healthy first quarter of the year, which built confidence for the second quarter's commercial performance. The firm will pay its divident to shareholders on June 10 this year
Read more"EMIR reporting is complex and can be very time consuming. We recognised the need to help our clients to find a simple, lean and automated means of meeting their regulatory obligations and are delighted to partner with Confisio to launch our new service" - Tom Higgins, CEO, Gold-i
Read moreFrom the exclusive Business Tower Hotel in Lima, Peru, LeapRate takes a close look at how an entire retail FX industry is being established in Latin America, with education by some of the world's senior industry executives at the helm
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