Citigroup"s FX deals might have made only $1 million but cost $2.5 billion

NEW YORK (Reuters) - Employee misconduct in foreign exchange trading that cost Citigroup Inc $2.5 billion in fines and penalties might have made only $1 million for the bank, an executive said on Wednesday.... more

APAC Financial Markets • #Citi, #Fines, #ForeignExchange, #FX, #Penalties, #Trading #MarketNews

SEB appoints Bauer global head of FX and commodities

While Svante Hedin to take newly created role of global head of electronic markets SEB has appointed Erik Bauer global head of FX and commodities, a role he held on an interim basis since March this year, and it has also appointed Svante Hedin to the newly created role of global head of electronic markets. Before his appointment as acting head, Bauer was previously head of markets at SEB in New York. Prior to that he was head of FX.... more



APAC Financial Markets • #Commodities, #ElectronicMarkets, #ErikBauer, #FX, #GlobalHead, #SEB, #SvanteHedin #PeopleMoves