Currency
Ullrich returns to State Street
David Ullrich will lead North American sales for FX Connect
China’s FX reserves rise for twelfth month
PBoC figures show $21.5 billion increase, bringing total reserves stockpile to highest level since September 2016
Renminbi payments drop in December
The Chinese currency is once again the fifth most-used for global payments – Swift
BIS: central banks must act on cryptocurrencies
Agustin Carstens warns against proliferation of cryptocurrencies without regulatory framework
Johnson’s sentencing delayed until March 8
Former HSBC senior banker can spend more time with family in the UK before returning to the US by March 1
Danske maintains bullish stance on ruble
The bank has positive outlook for Brazilian real and Mexican peso as dollar bear market remains
BNP Paribas pleads guilty to FX price-fixing
French bank regrets the misconduct and will pay $90 million to resolve investigations into its currency trading practices
Dollar downtrend intact for now – City Index
Regardless of the US administration’s preference for a strong dollar, the greenback is set to maintain its downward trajectory until March
Integral expands market data service to 14 cryptocurrencies
Financial technology firm hopes to provide a more accurate reference price for major cryptocurrencies
Cartel trial postponed until October
In the past two months, US attorneys have provided 2.2 million additional records, totalling 21.4 million pages, to the defence
Mesirow commits to FX Global Code
Currency managers sign formal statement of commitment to the principles of good behaviour
RJ O’Brien closes FX business, effective immediately
The firm no longer finds the space strategically attractive
Room for further cable gains, Wells Fargo says
US bank sees GBP/USD trading at $1.37 in three months' time and at $1.41 in 12 months
HSBC to pay $101 million to settle with DoJ
UK bank enters into deferred prosecution agreement and agrees to pay criminal penalty over Cairn Energy and other FX conduct
Bundesbank to include renminbi in reserves
Onshore renminbi jumps to strongest level against the dollar for more than two years, following comment from Germany’s central bank
Bogucki plans to fight fraud charges in California
Former Barclays FX head returns ‘not guilty’ plea during arraignment at Brooklyn court
TraderTools taps Abacus for cloud service
The venue gains the global scale and infrastructural expertise to expand ULN
Cartel lawyers to argue for case dismissal on January 29
The legal representatives of Ashton, Ramchandani and Usher will ask a federal judge to throw out the case against the three men
China reportedly tweaks yuan fix
Markets reacted by selling the yuan, which fell 0.5% against the US dollar to 6.5291 from 6.4968 on Tuesday – its biggest drop in two months
New records for LCH volumes in 2017
Strong growth driven by roll-out of new products, regulatory change and onboarding of new customers globally
Monex Europe: bearish dollar outlook continues
But analysts are looking out for potential upside risks in US rates and inflation
Mark Johnson to be sentenced on February 15
Johnson’s lawyers are asking the court to allow him to return temporarily to the UK before then
BNY Mellon zeroes in on FX
Newly hired James Taylor discusses the business transformation taking place in foreign exchange at the bank
Renminbi payments jump in November
The currency overtakes Swiss franc and Canadian dollar as sixth most used for global payments – Swift