Royal Bank of Scotland
FX class action case to go ahead on opt-in basis
Firms will have to sign up to US-style class action against six banks accused of FX manipulation in UK
Mount joins Cryptalgo’s advisory board
The crypto broker and algo provider appoints Ed Mount as chief adviser for trading technologies
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
Banks reportedly preparing to settle EU FX probe
Barclays, Citigroup, HSBC, JP Morgan, RBS, UBS and two other institutions set to pay out billions of euros, according to Financial Times
DoJ fears FX civil suit may compromise criminal cases
It moves for judge to stay staff depositions at seven banks for fear of witness intimidation
TD Securities adds North to e-FX trading team
Martyn North will manage the bank’s e-FX platform in Europe
Investors must sue outside US to recoup FX losses, urge lawyers
Lawyers say the extent of collusion is clear, following recent settlements by five banks
Last look claims will happen on a case-by-case basis
Alpari’s last look claims against six banks are unlikely to be the last, lawyers say
Banks get partial reprieve in FX lawsuit but claims still stand
Non-settling banks in FX class action lawsuit eke out small victory after US district judge tosses out some allegations of manipulation
R3 connects 11 banks via distributed ledger
The firms complete mock trades in a series of experiments that could determine blockchain's application in the finance industry
Banks need greater FXPB differentiation
In the post-SNB world, niche players have the advantage, says RBS's head of FXPB services
US regulator fines take FX settlements to $11 billion
BAML, Barclays, Citi, JP Morgan, RBS and UBS have been fined by the DoJ and the Fed as the total amount settled more than doubles
UK banks boost FX fines war chest
Barclays and RBS boost legal provisions for FX as banks await decision of US Department of Justice
Carrington and Shey exit RBS amid restructuring
Co-heads of currencies and emerging markets set to leave UK bank, along with global head of trading
RBS suspends two more in FX
The bank has moved to suspend two senior employees in London
RBS redundancies claim four in FX
Four FX sales staff depart US branch of RBS
Regulators slam banks with fines totalling $3.4 billion
Five banks have been ordered to pay total fines of $3.4 billion in relation to the global regulatory investigation surrounding FX benchmarks
UK launches probe into banking sector competition
The investigation will assess whether the retail-banking market is too concentrated, with barriers to entry and opacity under scrutiny
Banks set aside more than $6 billion for FX fines
Large currency dealing banks prepare to draw a line under the global regulatory probe into currency markets as they brace themselves for fines
JP Morgan hires former RBS head of FX options, Americas
FX market veteran joins the US bank in a non-trading role
Ex-spot trader in RBS compliance role
RBS brings in former FX spot trader to help with compliance