RBS
Opt in or opt out: an FX class action decision worth millions
Six banks accused of manipulation may see 40% reduction in damages if UK lawsuit proceeds along ‘opt-out’ route
Former JP Morgan FX trader faces trial for price fixing
New York resident Akshay Aiyer is accused of conspiring to manipulate prices in CEEMEA currencies
Sambrani joins Barclays, Singapore in EMFX options
Trader moves from Bank of America Merrill Lynch, Hong Kong
Collective UK action brought against FX cartel banks
Banks targeted are those that took part in the ‘banana split’ and ‘Essex Express’ cartels
Schmeja becomes associated partner at Management & Advisory Services
Former head of FX Emea at Citi Private Bank is advisory board member at FX Prime
Stamos Fokianos joins ICBC Standard Securities
Former global head of e-business at Credit Agricole moved in May
Targui promoted to co-head role at UBS
Jefferies’ former head of FX Apac sales takes new post after four years at UBS
Swiss regulator hunts for hints in Credit Suisse FX probe
Five banks fined, two acquitted as Comco closes market-rigging probes
Marsden becomes head of e-FX quant trading at NatWest Markets
Previously, he managed the e-FX Asia trading business in Singapore
European Commission fines five banks €1.07 billion for FX rigging
Cartel members co-ordinated trading strategies and exchanged client information
European Ficc earnings bounce back in Q1, FX subdued
Nearly all banks saw quarterly Ficc income rise in double digits on increased client activity
Gupta promoted to head e-FX trading, Apac at NatWest Markets
Formerly of RBS and Banc of America Securities, Sudeep Gupta also worked at NatWest for three years
Gunter Grimm becomes FX strategist at Credit Suisse
Appointment follows institutional FX sales role at UBS
Hinds takes e-FX sales role at BGC Partners
Anja Hinds is covering G10 and emerging market FX options
RBC Capital Markets hires Neal as US head of Ficc
Michelle Neal to exit BNY Mellon, join Canadian bank in June
Oakley rejoins Nomura as head of flow FX
Stuart Oakley moves to the Japanese bank from Crédit Agricole
FastMatch hires David Lyons
Lyons spent 20 years at RBS
European FX lawsuit may follow soon, says source
Institutional investors filed a lawsuit in NY against 16 banks on November 7, which could be followed by European complaint
FX Cartel traders found not guilty
“We all came to the conclusion that we didn’t think the prosecution had enough evidence,” a juror tells FX Week
Jurors begin deciding fate of FX Cartel
UK nationals face 10 years in prison if convicted of alleged price-rigging
Judge denies FX Cartel mistrial request
Judge Berman reserves making decision on defence’s motion for acquittal due to lack of evidence