US Bank Relocates FX

US Bank relocates its wholesale foreign exchange trading desk to Chicago from its current Minneapolis location today (October 1) as it establishes a 24 hour trading and sales operation there. "When the markets are open around the world, we will be here around the clock to assist our customers with their foreign exchange needs," says Peter […]
Read More »

BMO Confirms London FX Re-entry

As revealed exclusively by Squawkbox on September 3, Bank of Montreal Capital Markets (BMO) is re-establishing an FX presence in London after over four years away. In 1999 the Bank of Montreal moved its London FX operation to Chicago where it began a 24-hour trading operation which it still maintains, along with one in Toronto. […]
Read More »

Lehman Bolsters Asia FX Business

Lehman Brothers is strengthening its Asian foreign exchange business in Singapore to offer sales, structuring, trading, research and strategies in G10 currencies, local currency markets, options trading and electronic trading for its clients in South East Asia.   The Singapore expansion includes the re-location of key staff from Tokyo, Hong Kong and London as well […]
Read More »

Deutche Offers Easier Multi-Asset Access to Autobahn

Autobahn, Deutsche Bank’s electronic trading platform, has introduced a single log on for its bonds, interest rates, foreign exchange and future and options trading.  Rhomaios Ram, global head of e-commerce sales at Deutsche Bank says: “We have made it even easier to navigate through the use of a single log on for some of the […]
Read More »

Banks Form JV in Asia

Bank of America (BofA) and China Construction Bank (CCB) have agreed to establish a joint financial leasing business that will initially focus on customers in China's power generation and transmission and rail industries. Amongst the finance leasing services to be offered is the obtaining of foreign exchange loans from overseas. BofA will acquire a 24.9% of […]
Read More »

BMO’s Gas Losses Mount

Bank of Montreal has reported deepening losses from its disastrous natural gas position earlier this year (see Profit & Loss, June 2007). BMO says its losses from natural gas trades grew by another (US)$91m in the third quarter.   Net income for the group came in at $622.4m, a $47m loss or just over seven […]
Read More »

Socit Gnrale Integrates Swap Group

Société Générale Corporate & Investment Banking has created an integrated swap group to help grow its European flow rates business.   The swap group will combine the long term and short term swap teams to offer seamless market making and price distribution in interest rate and FX swaps in all currencies, as well as FX […]
Read More »

Alliance & Leicester Appoints Two for New Risk Team

A new team has been established by Alliance & Leicester Commercial Bank to provide foreign exchange, interest rate and a range of treasury risk solutions to business and corporate customers.   Mike Bligh, who joined the bank nine month ago as head of treasury risk solutions, with the remit to establish the new team, says, […]
Read More »

SEB Shifts FX Program

SEB Wealth Management has teamed up with the bank’s FX division to set up a multi-manager currency product. The change means that  FX MAP, the bank’s multi-manager currency platform, will now move from SEB global FX to SEB Wealth Management to be used as the basis for manager selection. The fund itself will be a […]
Read More »

JP Morgan Reorganises FX and Commodities

JP Morgan has confirmed a radical reorganisation of its currency and commodities business, as reported by Squawkbox last week.   The bank is merging its G-10 foreign exchange and global rates businesses together, which will be headed by Patrick Edsparr. FX business involving the US, Canada, Western Europe, Japan, Australia and New Zealand will merge […]
Read More »
1 2 3 4 5 85 86 87 88 89