Industry News

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  Currency News
   
  
Coming as little surprise to investors, the Bank of England announced that interest will remain unchanged at 0.5%, alongside the level of quantitative easing holding at £200 billion... 
David Cameron paves the way for ‘painful cuts ahead that will be unavoidably tough’, with details in the emergency Budget on June 22nd...
With the headlines from the eurozone going from bad to worse and confidence in the euro nearing rock bottom, the logic would be that the pound in our pockets should be worth more... 
   
   
  Banking News
   
  
Goldman's share price jumped nearly 4.3 percent on hopes that Mr. Blankfein and his bank had, in a stroke, put one of the most embarrassing episodes in the bank's recent history behind them...
Now that the UK's new coalition Government has decided to do the kindest thing in regard to the FSA and have the watchdog put to sleep, a familiar name is about to come to the fore; that of Andrew Bailey, whose current role as chief cashier of the Bank of England sees his signature appearing on every English bank note issued...
UK Treasury minister, Mark Hoban, has called on banks to exercise restraint in paying bonuses when the public and private sectors are under pressure to cut labour costs. Addressing the British Bankers Association’s annual dinner at London’s Mansion House, Mr Hoban said banks needed to show they operated in a "fair and stable" way in allocating bonuses this year. He also confirmed the government was looking at ways to tax banks' profits.
 
   
   
  Technology News
   
  
Portware, the leading provider of highly integrated, multi-asset algorithmic trading solutions, has announced the release of Portware FX 5.0, its next generation, groundbreaking FS trading platform.
WestLB AG went into production recently with Quartet's ActivePivot software to generate and maintain, in real-time, various position screens across the money market and foreign exchange product... 
Atos Worldline, which brings together Atos Origin expertise in high-tech transactional services, and ING Belgium are extending their collaboration in the payment... 
   
   
  Movers
   
  
RBC Capital Markets has today announced (21 April 2010) that it has hired Diego Megia as a Managing Director, Rates Trading, Europe... 
Hector Sants, Chief Executive of the Financial Services Authority, has unveiled plans to toughen up protection for consumers over financial products... 
RBC Capital Markets today (1st March 2010) announced that it has hired Raymond Schumertl, as a Director, Global Macro FX Sales... 
   
   
  Trading News
   
  
RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada (RY on TSX and NYSE)... 
US billionaire George Soros has more than doubled his investment in gold, despite calling it the "ultimate bubble" just weeks previously... 
Data this morning has revealed that the UK's dominant service sector continued to expand for the ninth consecutive month in January... 
   
   
  
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