Macaskill on markets: The coming proxy war with Facebook
US president Ronald Reagan joked that the nine most terrifying words in the English language are: “I’m from the government and I’m here to help.” Bankers often complain about the burdens of regulation, but they will rely heavily on support...
Sideways: Spencer for governor of the Bank of England!
Michael Spencer, founder of brokerage firm Icap First, the growing likelihood that Boris Johnson will be the next UK prime minister led to speculation that his former adviser, Gerard Lyons, could be in the frame for the top slot at...
Environmental finance: From Dong to Ørsted – a story worth repeating
Environmental and political writer George Monbiot recently made the salient point that while Shell launched a $300 million fund in April to invest in natural ecosystems, it also invested $25 billion into oil and gas in 2018, including exploration for...
FX: It’s co-location, but not as we know it
What price low latency? That is the question that more and more market participants are grappling with as they seek to jump on the co-location bandwagon. Data-centre access doesn’t come cheap, but there are folk who can help out. Falling...
Latin America banking: HSBC fights back in Brazil
Brazil’s growth might be continuing to disappoint but HSBC is pressing ahead with ambitious plans for its comeback in the country. HSBC sold its corporate and wholesale banking operations as part the sale of its full Brazil business to Bradesco...
In FX, clients are looking more like regulators
Broker analytics are all the rage in FX. According to a recent report by Greenwich Associates (The State of Transaction Cost Analysis – 2019), about 60% of FX trading desks have now deployed trade performance analysis tools. On the surface...
Powell says it’s the Fed’s job to keep the economy in a ‘good place’ for ‘as long as possible’
Federal Reserve Chairman Jerome Powell described the U.S. economy on Friday as being solid, noting the central bank must do what it can to keep it there. “While not everyone fully shares economic opportunities and the economy faces some risks,...
Pound Overplayed as EU Half Plays Along
Sterling surrenders gains after Boris Johnson surrenders to the ‘Surrender Bill’ Sterling was heading for its first weekly gain since the middle of last month. Then it emerged that Prime Minister Boris Johnson, who dubbed the law that prevents a...
Dollar Directionless after Mixed Non-Farm Payrolls
Dollar is relatively directionless in after mixed job data. The headline number is a slight miss and wage growth disappoints. Yet, unemployment rate dropped to lowest level since 1969. For today, Sterling is the weakest one as it looks like...
Fed’s Clarida says central bank will set policy meeting by meeting
Richard Clarida Scott Mlyn | CNBC Federal Reserve Vice Chairman Richard Clarida gave little away on Thursday about the U.S. central bank’s next steps on monetary policy, saying the U.S. consumer and economy are in a “good place,” the labor...
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