People & Markets

  • CFTC fines Wells Fargo $14m for FX misprice

    CFTC fines Wells Fargo $14m for FX misprice

    The US Commodity Futures Trading Commission on Friday ordered Wells Fargo to pay over $14m for its conduct involving a FX forward contract and compliance failures.

  • EU members struggle to overcome last hurdles on CCP resolution

    EU members struggle to overcome last hurdles on CCP resolution

    The European Union's 28 finance ministries are nearing a deal on the draft legal text for CCP resolution. But they still disagree on the use of the CCPs' own funds in a recovery scenario, as well as on voting rights for smaller states in a resolution college.

  • Quintenz stays firm on hostile EU stance

    Quintenz stays firm on hostile EU stance

    The US Commodity Futures Trading Commission this week approved foreign boards of trade applications (FBOT) from European derivatives exchanges despite opposition from commissioner Brian Quintenz.

  • Cboe replaces Europe head

    Cboe replaces Europe head

    Mark Hemsley, president of Cboe Europe, is retiring early next year to be replaced by David Howson, chief operating officer of Europe for the exchange holding company.

  • CME surges after volatile Q3

    CME surges after volatile Q3

    CME Group has reported a strong set of third quarter results, with double digit growth in the trading of rates, equity and commodity products.

  • Rates, EM hamper Deutsche but debt origination improves

    Rates, EM hamper Deutsche but debt origination improves

    Deutsche Bank posted declines in investment bank revenue on the back of a fixed income trading fall in its third quarter results, released on Wednesday. But debt origination revenue grew. A change in the bank’s reporting structure to reflect its new capital release unit has allowed it to shield the investment bank from costly losses on unwanted assets.

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