The Latest Global Financial News - Page 3

Citi Merges Two Forex Units Amid Major Restructuring

Citi Merges Two Forex Units Amid Major Restructuring

US-based banking giant Citigroup intends to merge two of its key units in sales and trading, according to an internal memo seen by Business Insider. The company is combining its foreign exchange and local markets business with G10 currencies unit into a single department. Both the sales and trading ... Read more.

Weekly Market Review - June 10-14

Weekly Market Review - June 10-14

This week, the US dollar has been the best performer among Forex majors, adding 0.79% against euro, 0.13% against Japanese yen, and 0.88% against the ... Read more.

Forex Industry Needs More Automation, SWIFT Report Says

Forex Industry Needs More Automation, SWIFT Report Says

The Society for Worldwide Interbank Financial Telecommunication, better known as SWIFT, released a report on Wednesday, encouraging the players of the... Read more.

CLS Group, Saxo Bank Saw Weak FX Trading Volumes in May

CLS Group, Saxo Bank Saw Weak FX Trading Volumes in May

On Monday, Danish Saxo Bank and US-based CLS Group reported weak Forex trading volumes in May, which slightly contradicts the general trend. Other bro... Read more.

Weekly Market Review - June 3-7

Weekly Market Review - June 3-7

The markets are still closely watching the evolution of the trade war between the US and China, with the former being ready to impose a 5% tariff on M... Read more.

Standard Chartered to Create FX e-Trading Engine in Singapore

Standard Chartered to Create FX e-Trading Engine in Singapore

London-based bank Standard Chartered intends to develop a Forex electronic trading and pricing engine in Singapore, a project that is also supported b... Read more.

FX & CFD Broker FXCM UK Records £5M Loss in 2018

FX & CFD Broker FXCM UK Records £5M Loss in 2018

Forex and contracts-for-difference (CFD) broker Forex Capital Markets Limited (FXCM) lost more than 5 million pounds last year in the UK alone, accord... Read more.

Weekly Market Review - May 27-31

Weekly Market Review - May 27-31

This week, the US dollar has been the best performer among Forex majors after the Japanese yen. The American currency is supported by a strong labour ... Read more.

FX Settler CLS Group Appoints New CEO

FX Settler CLS Group Appoints New CEO

US-based CLS Group, a company that offers risk mitigation and settlement services for Forex dealers and firms, announced on Wednesday that it had name... Read more.

Weekly Market Review - May 20-24

Weekly Market Review - May 20-24

This week hasn’t been quite volatile for most the major pairs, with EUR/USD adding 0.31%. The British pound saw some evident fluctuations on Friday ... Read more.

UK Citizens Lost £27 million to Forex, Crypto Scams

UK Citizens Lost £27 million to Forex, Crypto Scams

The Financial Conduct Authority (FCA) reported on Tuesday that the UK citizens had lost the equivalent of about $34.4 million to Forex and crypto-rela... Read more.

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