Tag: settlements

settlements

P&L Talk Series with Baton Systems’ Arjun Jayaram

Arjun Jayaram, CEO of Baton Systems, talks to Profit & Loss about how distributed ledger technology (DLT) is already helping the FX market, why the hype cycle around this technology is coming to an end and who he expects to win the “blockchain wars”. Profit & Loss: What is the problem in the FX market […]

State Street to Pay $530m to Settle FX Fraud Allegations

It was announced today that State Street expects to pay a total of $530 million to resolve FX fraud allegations levelled against the bank. The US Department of Justice (DoJ) issued a statement today saying that State Street has agreed to pay a total of at least $382.4 million to settle allegations that it deceived […]