HSBC
Asia awaits term SOFR solution for local benchmarks
Singapore, Thailand and the Philippines look at ways to replace Libor in benchmark calculations
Standard Chartered fares best in mixed Q2 European Ficc results
Client activity remains muted as low volatility and geopolitical uncertainties weigh on sentiment
Thai central bank to work with HKMA on cross-border blockchain
Central banks to work on technology to transfer funds across borders
FX last look: how non-banks stack up
Research shows patchy disclosures plus differences from banks on pre-hedging and rejected orders
JP Morgan tells HFTs: you’re ‘all finding homes’
But credit intermediation space has inefficiencies that more kill switches would address, conference hears
Best FX prime broker bank of the year: HSBC
HSBC voted Best FX prime broker bank of the year at the 2019 FX Week e-FX Awards
Renminbi internationalisation gathers pace
China is continuing its drive to make the renminbi an international currency, as well as opening up its onshore financial system to international investors, thus increasing opportunities to hedge investments in China. Volkan Benihasim, head of FX cash…
UBS exec: first trades via USC could take place this year
Risk Live: utility settlement coin project backed by group of banks moving “incredibly fast”
Citi shockwaves prompt rush for new PBs
BNP Paribas, Deutsche Bank, HSBC and NatWest said to be onboarding Citi’s former clients
BoE markets boss: diversity in FX is an imperative
As the landscape of FX changes, so too should the people who work in it, says Andrew Hauser
Quinif touches down at HSBC
Brian Quinif left Nomura as it downsized emerging markets FX team
David Woolcock becomes head of banking at Disberse
Industry veteran started his career more than four decades ago at HSBC
FXPB fee jump unlikely, say dealers
HSBC and NatWest say client charges unlikely to rise significantly despite new margin costs
IBM: interbank currency blockchains should address emerging markets
Banks and fintechs, including USC consortium, vie to build distributed networks for FX transactions
Solomon moves to MUFG in FX trading
Former Credit Agricole foreign exchange trader joined last month
Court considers ‘Wild West’ practices in HSBC frontrunning case
Seeking to overturn Mark Johnson’s conviction, his attorneys argue he violated no laws or industry norms when trading on behalf of Cairn
HSBC looks to AI to unearth data patterns around commercial activity
As DLT initiative brings forth more data, the bank is looking to improve services for corporate clients
European Ficc earnings bounce back in Q1, FX subdued
Nearly all banks saw quarterly Ficc income rise in double digits on increased client activity
HSBC brings in fintechs to strengthen its FX muscle
Bank quietly enlists fintechs to work within its fold, both to expand its capabilities and to let it focus on “superstar” technology in-house
HSBC takes Sean Statuto aboard
Statuto joins as a senior vice-president of FX sales
Cleared swaps grow 10 times faster than bilateral at HSBC
FX derivatives notionals rise $1.3 trillion (21%) to $7.6 trillion
HSBC adds Cheesman to sales team
New York-based Jonathan Cheesman worked in FX sales at Goldman Sachs
Johnson’s counsels press DoJ to clearly explain his crime
Zooming in on the trade contracts, lawyers plan to argue the US’s “ever-shifting” theories show prosecutors are unclear what crime he committed
HSBC settles millions of FX transactions with DLT
The bank is exploring using the technology to help corporates manage FX flows better