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Trading Currency At The Bank News
Trading Currency At The Bank News
Canadian dollar ends little changed; traders watch Greek talks
TORONTO (Reuters) - Canada's dollar ended little changed against its U.S. counterpart on Wednesday with the currency stuck in a tight trading range as investors awaited resolution on a second Greek bailout and central bank meetings on Thursday. "The biggest risk is the central bank risk that we get tomorrow," said Camilla Sutton, chief currency strategist at Scotia Capital. "People are focusing ...
Read more...GBP/USD: Trading the Bank of England Interest Rate Decision
GBP/USD: Trading the Bank of England Interest Rate Decision
Read more...Credit Suisse slumps to Q4 loss
ZURICH (Reuters) - Credit Suisse posted a surprise fourth-quarter net loss as business at its investment bank slumped and it took almost 1 billion Swiss francs ($1.1 billion) of charges for slashing costs and risky assets to meet tough new capital rules. "Our performance for the fourth quarter 2011 was disappointing," said Chief Executive Brady Dougan. "It reflects both the adverse market ...
Read more...UBS Gaining Market Share In Currency Trading
ZURICH -- As it is moving towards conducting more flow business on behalf of clients, UBS AG (UBS) is gaining market share in currency trading, Tom Naratil, chief financial officer at Switzerland's largest bank, said Tuesday.
Read more...UBS Financial Chief: Gaining Market Share In Currency Trading
As it is moving towards conducting more flow business on behalf of clients, UBS AG (UBS) is gaining market share in currency trading, Tom Naratil, chief financial officer at Switzerland's largest bank, said Tuesday.
Read more...Rupee drops to lowest level in over a week
MUMBAI (Reuters) - The rupee fell to its lowest level in more than a week on Thursday as importers stepped up dollar buying, most likely to pay for oil and defence equipment, and as caution set in ahead of the European Central Bank's rate decision later in the day. The rupee ended at 49.4975/5075 to the dollar, after dipping to 49.5250, a level not seen since February 1, according to Thomson ...
Read more...Goldman looks on the bright side of Volcker rule
(Reuters) - Wall Street has been lashing out against the Volcker rule since it was proposed, but a senior Goldman Sachs executive said on Wednesday the trading restriction might actually help the investment bank's profitability. A harsh interpretation of the rule, which bans speculative trading by commercial banks, could help return-on-equity levels because banks would be able to demand more ...
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