The Department of Justice has secured another stay extension in a civil lawsuit brought by consumers and end-user businesses against leading banks. Those monitoring the developments in the lawsuit brought by consumers and end-user businesses against some of the world’s biggest banks, such as JPMorgan and Bank of America, must have noticed that the proceedings

The desk will focus on JPY as well as EUR, GBP, CHF, AUD, NZD, CAD and other forwards to service its Japanese and international clients. GFI Group Japan, a division of BGC Capital Markets (Japan), LLC, a subsidiary of BGC Partners, Inc. (NASDAQ:BGCP), today announced the opening of a new office in Tokyo. The opening

Institutional Services revenue grew by 38% in the quarter to end-September 2019, on the back of new hires and expansion of client base. TP ICAP PLC (LON:TCAP) has earlier today provided a trading update for the quarter to September 30, 2019, with revenues registering a rise from a year earlier thanks to favourable market conditions. Revenue

The sentencing of Sarao, who has been accused of spoofing, has been rescheduled for January 28, 2020. Sentencing of former futures trader Navinder Singh Sarao who stands accused of spoofing has been rescheduled, the latest filings with the Illinois Northern District Court show. According to an entry before the Honorable Virginia M. Kendall, on the

In the third quarter of 2019, ICE registered net income of $529 million, up from $458 million in the year-ago quarter. Operator of global exchanges and clearing houses and provider of data and listings services Intercontinental Exchange Inc (NYSE:ICE) has earlier today posted its financial report for the quarter to end-September 2019, with income staging a

Gavin Black could serve a substantial portion of a prison sentence in the United Kingdom, the Department of Justice explains. Gavin Black, a former Deutsche Bank trader who is poised to be sentenced later this month in a LIBOR manipulation case, may be allowed to serve a part of a prison sentence in the United

There will be no further charges brought in this case, the SFO said. The UK Serious Fraud Office (SFO) today announced the closure of its investigation into LIBOR manipulation. The SFO said that there will be no further charges brought in this case. The SFO’s investigation into LIBOR manipulation has seen charges of conspiracy to defraud

Judge John J. Tharp, Jr. of the Illinois Northern District Court nixed an attempt by James Vorley and Cedric Chanu to dismiss the indictment against them. In the face of the broad industry support that ex-Deutsche Bank traders James Vorley and Cedric Chanu have received in their efforts to dismiss the allegations against them, the Court

The solution aggregates foreign currency balances into a currency and account of choice. Citi, one of the world’s leading banks, today announces that it has launched Cross-Currency Sweeps, a liquidity management solution that aggregates foreign currency balances into a currency and account of choice. The solution, which combines the capabilities of a cash concentration sweep

Gavin Black, who was convicted of LIBOR manipulation, is asking for a sentence of two years of supervised release in the UK and a substantial fine. Former Deutsche Bank trader Gavin Black, who, along with Matthew Connolly, was convicted of conspiring to commit wire fraud and bank fraud in connection to manipulate LIBOR, has made clear