Barclays
Steck trades TD Securities for RBC
Currently on gardening leave, Tonia Steck is expected to start her new role in September
Fotheringhame battles to get job back
David Fotheringhame fights for former role at Barclays in four-day remedy hearing, months after winning unfair dismissal claim
Katz’s sentencing adjourned until January
Jason Katz is the first trader to admit to wrongdoing
Robert Bogucki loses motion to dismiss
But judge says the two counterparties to the trade have no standing to sue Bogucki or Barclays
Krueger joins Saxo from Barclays
Eric Krueger will take up newly created role of global head of client services
DoJ asks for discovery stay in benchmark case until ‘Cartel’ case ends
US tries to balance need to protect ongoing criminal investigations and lawsuits with civil attorneys’ desire for additional testimonies
G10 FX revenues hit two-year highs – Coalition
The first quarter of 2018 saw a reversal of revenue contraction seen in the last two years, with profits up 20%
FX lawsuits: the roundup
The number of cases related to conduct in foreign exchange markets has multiplied. Here is our handy guide to developments so far
DoJ indicts another FX trader on price-rigging charge
US says Akshay Aiyer conspired with other New York-based traders at rival banks to fix prices in Ceemea currencies
First-ever SMR fine lands with Barclays chief
Regulators say James Staley failed to act in a diligent manner in whistleblowing case
FX Cartel loses bid to dismiss criminal case
Judge says SFO investigation was a sign the currency traders could be prosecuted somewhere
Weller joins Saxo Bank as Mena chief
Steve Weller headed the FX business at Sberbank CIB before resigning and taking a break from the industry
Bogucki hearing scheduled for May 23
Defence lawyers are set to argue that the charge is time-barred and not applicable to this case
Ficc revenues bounce off lows but still down
European banks bounce off lows in Ficc revenues in the first quarter of the 2018, but year-on-year earnings remain negative
Johnson sentenced to two years in prison
Johnson was taken to prison immediately after the hearing, but lawyers are preparing for appeal argument
More than 100 participants commit to FX Global Code
Global Foreign Exchange Committee plans to launch Global Index of Registers before June meeting
Fresh Libor claims may follow PAG appeal, but the clock is ticking
Potential consequences of PAG decision are far-reaching in scope and scale, says Simon Bushell at Signature Litigation
US DoJ changes tactics in Bogucki case
US attorneys will use bank fraud laws to pursue the former currency trader, extending the statute of limitations
Barclays commits to FX Global Code
The UK bank joins the handful of top-tier FX banks to have adhered to the principles
Lawyers in cartel case argue against antitrust accusations
Depending on the type of relationship, the Sherman Act may or may not apply
Mifid transparency has failed so far, say traders
Poor-quality, inaccessible data and the lack of instruments covered undermine use case
JP Morgan dominates G10 FX revenues for 2017 – survey
Coalition’s investment banking survey shows the US dealer garnering the highest revenues in the space; HSBC jumps to second place
Keith Bailey leaves Barclays
Former Isda chair left the UK bank at the end of January, Risk.net understands
Antitrust attorneys prepare to depose UK traders
Despite the court extending a partial stay on depositions until June 8, lawyers have been granted access to interview some UK-based people