Mustier pins UniCredit

Mustier pins UniCredit's hopes on buybacks and pay-outs

December 03, 2019
By DOMINIC O’NEILL

As Italy’s biggest bank unveils a new plan and new targets, CEO Jean Pierre Mustier says negative rates and Basel III reforms mean “8% is the new 10%” for European banks’ returns on equity

Eurex joins the cross-currency swap clearing party

Eurex joins the cross-currency swap clearing party

November 28, 2019
By PAUL GOLDEN

The international exchange’s clearing offering for EUR/USD and GBP/USD cross-currency swap transactions marks another modest step towards wider use of central clearing in FX.

Cashless Kingdom: Saudi approves new e-wallet operator

Cashless Kingdom: Saudi approves new e-wallet operator

November 22, 2019
By VIRGINIA FURNESS

BayanPay, a digital payments company owned by London-listed Finablr, has received regulatory approval to operate its mobile money platform in Saudi Arabia, as the Kingdom looks to a future without cash.

HSBC is up in the heir

HSBC is up in the heir

November 21, 2019
By CLIVE HORWOOD

The senior management team at HSBC looks increasingly chaotic.

Canada’s imperious risk rating is up for debate

Canada’s imperious risk rating is up for debate

November 21, 2019
By JEREMY WELTMAN

The increased difficulty achieving political consensus after the elections and the challenging foreign trade environment are enough to make investors cautious, despite the country’s top sovereign credit ratings.

Independent TCA still a challenge in FX market

Independent TCA still a challenge in FX market

November 08, 2019
By PAUL GOLDEN

Implementation of FX transaction cost analysis (TCA) appears to have stalled, with the impracticality of conducting analysis across every available venue encouraging many parties to rely on venues or dealers to measure execution, despite concerns over transparency and impartiality.