North America

Goldman Sachs has laid out a three year revenue growth plan that is nothing short of extraordinary

An appearance by a senior Goldman executive at a forthcoming conference could herald a new strategy for its fixed income franchise

Panic buying of altcoin offerings is an obvious bubble that hints at a far more worrying loss of faith in the world monetary system

The automation of sophisticated treasury methods by assessing data flows is enabling expanding companies to reduce the uncertainty around cash flows and FX rates.

While Aesop was undoubtedly not thinking about currency markets when he wrote the story of The Tortoise and the Hare, low latency FX traders are increasingly realizing that speed does not necessarily equate to success.

In 2003, the average number of high net-worth clients per relationship manager or financial adviser in the US was 170 – today, that figure is expected to be about 280, with advisers regularly claiming to know someone who knows someone who has at least 500.

Despite advances in data analytics technology, foreign-exchange trade audits remain a complex process requiring access to a wide spread of information on the client as well as the market.

Blue states lead lagging US on environmental, social and governance (ESG) investing; pension funds hold investment managers accountable.

Since the announcement of Worldpay’s merger with Vantiv there has been a glut of bids for payments companies, coming from in-market competitors, credit card companies looking to enter the sector and private equity firms.

For all their boastful talk of becoming technology companies, most banks still run on core systems installed in the 1970s and 1980s.

Weakness in some passive strategies will be exposed; active managers hope to exploit market uncertainty.

Here is the surprising news about liquidity in the bond markets: it’s getting better.

UBS Americas head says cost of hiring too expensive; fees and salaries based around AuM rather than product.

Banks are learning about the damage that being on the wrong side of environmental issues can cause.

The chief executives of US banks have spent so long complaining about regulations that they can scarcely believe their luck at the impending relaxation.

While an increasing number of studies point to diversity having a positive impact on business performance, it needs to be coupled with inclusion if financial services companies want to see cultural and societal change.

A-shares included at low weight; handful of large-caps with tiny weighting.

FX industry utilities have been described as a mechanism for substantially reducing post-trade costs, but while market participants are interested in the potential efficiencies they offer, enthusiasm for implementing such solutions remains patchy.

BNP Paribas (BNPP) is the latest bank to be fined by US regulators over misconduct in its FX business. The French bank now hopes to put the episode behind it, having restructured the relevant businesses and improved its compliance processes.

The past few years have seen CLS beef up its offerings in operational risk management well beyond its core settlement business, with services such as netting and compression; the expansion of its aggregation service to emerging market (EM) FX is the latest string to its bow.

A BNY Mellon study shows that big investors have finally accepted that the free-flow of collateral and ease of funding through repo they enjoyed pre-crisis will never return and they are now urgently seeking new ways to finance securities transactions that do not depend on bank balance sheets.

The US Fed’s journey to balance sheet normalization might not be as steady as many have assumed as inflation stubbornly refuses to play its part.

Vantiv's deal to buy Worldpay may be only the first of a number of high-profile takeovers in the payments industry as a fragmented market looks for global answers.

It is rare for financial market professionals to feel they are helping to save the world, but a new capital markets deal from the World Bank to help the poorest countries cope with pandemics might be doing just that

European wealth managers are battling it out in Asia but North America is where private banking revenues are.

Lines are being blurred as advisers get better at financing, and firms that used to lead through balance sheet up their game in advisory.

Banks consistently offer more competitive prices in spot FX than their ECN counterparts — for all but a few minutes per day — according to research conducted by Pragma, a provider of algorithmic trading technology.

Although processes are in place to limit the impact of rogue algorithms, there are further steps electronic FX trading networks can take to protect themselves from cybercriminal activity.

FX algo use is steadily rising, according to a report by Greenwich Associates, with the most dramatic rises seen among corporate traders scrambling to demonstrate best execution, as stipulated by the FX global code of conduct.

The use of corporate and virtual cards as part of a working capital management solution has become a defined strategy for some treasurers, who are also seeing the benefits of having an additional level of data.