The Federal Reserve Bank of Dallas has produced the first central-bank estimate of what the tokenised deposit build-out costs the banks funding it, and the headline figure is being read backwards. The $700 billion in…
Former HSBC Forex Trader Headed to Prison
The former head of HSBC’s Global Foreign Exchange Cash-Trading will be spending time in the slammer. The US Department of Justice announced that Mark Johnson, a former forex trader for the European bank, has been…
Avaloq Acquires 10% Stake in Cryptocurrency Specialist Metaco
[caption id="attachment_307177" align="alignleft" width="182"] Francisco Fernandez, Chairman of Avaloq[/caption] Avaloq, the Swiss-based fintech group of integrated and comprehensive banking solutions, has acquired a 10% stake in Metaco, a blockchain and crypto-currency specialist based in Lausanne, in its second…
Nasdaq Inc. Reports Strong Q1, 2018 Financials, Sets…
Nasdaq, America's second largest stock exchange on Wednesday revealed its first-quarter earnings results, displaying healthy growth of profit during the quarter and also beating analysts estimates. For the quarter, the exchange reported a top line…
Societe Generale Appoints Julien Lascar and Inhwan Oh…
Societe Generale Corporate and Investment Banking (CIB) division on Wednesday announced the promotion of Julien Lascar to lead the Head of Global Market Sales division for Europe within the firm’s global markets division. In his new role,…