Deutsche Bank is the world's largest forex trading bank According to Reuters, Deutsche Bank's global head of forex trading will leave in June, Germany's biggest lender and FX trading bank said on Monday, confirming a report in Handelsblatt newspaper. "Kevin Rodgers has made a personal decision to retire from the industry to pursue other ambitions…
Read moreWill allow GPP to cater to its clients needs better w/ round-the-clock settlement solutions Global Prime Partners (GPP), a leading boutique prime broker, stated in an official press release they have appointed Deutsche Bank to provide execution, clearing and custody services for its rapidly expanding client base of emerging managers, family offices, professional traders and…
Read moreKai Lew is the first female senior executive to have duties curtailed among 30 traders across several banks as a result of high-profile FX rate manipulation probe More casualties of the global FX rate manipulation are taking place as Deutsche Bank, one of the many financial giants which affirmed its commitment to cooperation with worldwide…
Read moreTrading on personal accounts is getting quite unpopular, can it be stopped? According to an FT article that was just published yesterday we have a new nuance to the FX fix manipulation. Major banks including Deutsche Bank, Royal Bank of Scotland and UBS are vigilantly reviewing internal rules on their employees trading on personal accounts…
Read moreForeign exchange fixing revamp is imminent as regulators contemplate big changes Sources familiar with the recently launched investigation by German regulatory watchdog BaFin are claiming that the investigation has been put on the top priority list and Deutsche Bank’s London offices will be visited by an investigating team. Transparency in major banks’ business practices has…
Read moreInternal investigation is suspecting benchmark manipulation of Argentinian Peso rates Deutsche Bank is the latest amongst heavyweight players in the foreign exchange industry that is parting with a trader on suspicion that benchmark forex rates have been manipulated. Sources close to the German daily newspaper die Welt have reported that the currency trader worked in…
Read moreBoth banks are launching internal investigations to facilitate cooperation with regulatory bodies. Swiss banking heavyweight UBS and foreign exchange markets giant Deutsche bank have reported separately in their quarterly earnings reports on Tuesday, that the banks have received inquiries from their regulators regarding the way they conduct foreign exchange transactions. Regulators across the globe, starting…
Read moreOanda promotes head of Asia-Pacific K Duker to CEO.
Read moreFrench interdealer broker Tradition launches a competitor to ICAP-EBS.
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