The fact that Matthew Connolly left his employment at Deutsche Bank in March 2008 is set to prove he was unable to further the conspiracy.
SONIA now captures a broader scope of overnight unsecured deposits, by including bilaterally negotiated transactions alongside brokered transactions.
With five months left until the start of the trial against ex-Barclays FX trader Christopher Ashton, he encounters US Court’s stark opposition to keeping his counsel.
Why are Tier 1 banks so afraid of direct FX counterparties? Bank of England gives first ever settlement account to non-bank firm
Today marks an absolute milestone in the method by which non-bank derivatives and settlement providers interact with the issuers of currency. Never mind the Tier 1 bank dealing desks, the central issuer of the world’s most valuable currency has just struck a direct deal with an FX provider. Ready for the future? This is what it could and should look like
Matthew Connolly and Gavin Campbell Black, defendants in a LIBOR-rigging case, oppose the US Government’s last-minute motion to obtain evidence from the BBA.
The US government is now asking to take depositions in the UK on an expedited basis.
To manage retention requirements for Saxo’s white labels, the company will deliver a solution whereby its partners can manage a “right to be forgotten” date for their end-clients within the client management tools.
Exposed: Lehman Brothers internal FX training manual – Want to know what Tier 1 banks teach their FX desks? Look no further
The Tier 1 banks dominate the FX industry from their Canary Wharf nerve centers. Last look, counterparty credit restriction and lack of accountability when things go awry remain moot points for liquidity takers. Here is what they teach their FX staff.
The world’s 5th largest FX dealer will not move its Euro dealing operations to Europe. Let’s clear up yet another media storm (in a teacup)
Speculation that Barclays may move its Euro Trading Hub to Europe may well delight the left-leaning European press, but we expose why, even if that proceeds, this will not make any difference to London’s dominance as the global center for FX
Live report from London – Saxo Bank’s senior executives launch all new institutional platform at City Hall
The world’s first look at the new SaxoTraderPRO institutional trading platform. It is not very often that a new platform is launched, so today is a milestone for the industry. Here is our live report along with Saxo Bank’s senior executive team and 120 institutional partners and high net worth private clients at City Hall in London
The Department of Justice admits Zhao has not yet been arrested in the United States and, hence, no indictment against him has been filed.
Judge Colleen McMahon wants more arguments from the Government in order to agree that former Deutsche Bank traders have committed wire fraud.
Top banks refuse to accept overbroad definition of retail FX transactions in Forex market manipulation case
Banks, including HSBC, Citi and JPMorgan argue against the “plaintiffs’ attempt to vastly expand the scope of this case”.
The trader argues that the Government deleted entire portions of text from original documents without making it clear on the face of the document that any alteration was applied.
The order for the voluntary dismissal of the allegations against CSI is signed less than a month after the case was dropped against Credit Suisse Group AG.
The Indictment alleges that Christopher Ashton, Rohan Ramchandani, and Richard Usher used chat room discussions to “suppress and eliminate competition” in the global FX market.
Judge Lorna G Schofield of the New York Southern District Court dismissed the complaint against the banks for lack of personal jurisdiction.
Judge Lorna G. Schofield agreed with the DOJ request to extend the discovery stay in the case targeting banks like HSBC, Citi and JPMorgan.
The plaintiffs in the case targeting banks like JPMorgan and Citi are unaware how the depositions would interfere in the DOJ’s criminal proceedings against the same banks.