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Barclays connects to CLS’s cross currency swaps service

The TRADE

Barclays Bank has gone live on market structure infrastructure group CLS’ Cross Currency Swaps (CCS) service. ” Read more: Three new additions for CLS’ cross currency swaps service As the industry looks to further mitigate settlement risk, CLS’s CCS services has grown in activity in recent times.

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A closer look at restricted currency execution and custody

The TRADE

How has the market backdrop of the last few years impacted restricted currency execution and custody? When you look at some of the larger currency control moves such as Malaysia in 2016 or Argentina in 2019, they have certainly placed more eyes on internal processes and external offerings.

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Currency market calm as US inflation data holds focus this week

Global Banking & Finance

Currency market calm as US inflation data holds focus this week By Brigid Riley TOKYO (Reuters) – Major currencies were steady on Monday with the dollar consolidating against peers, as market participants awaited U.S. inflation data to assess the prospects of interest rate cuts this year. After a softer-than-expected U.S.

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Sanofi profit slips on generic competition and currency effects

Global Banking & Finance

Sanofi profit slips on generic competition and currency effects By Ludwig Burger (Reuters) -Sanofi’s first-quarter operating income fell 14.7% as currency effects and cheap competition to its multiple sclerosis drug Aubagio outweighed rising sales of anti-inflammatory drug Dupixent, the French drugmaker said on Thursday.

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Rs 2,000 currency note withdrawal creating chaos for Indians in Gulf

Business Standard - FInance

On May 19, the Reserve Bank of India (RBI) made a surprise announcement of the withdrawal of Rs 2,000 currency notes but gave the public time till September 30 to either deposit the Rs 2,000 notes in accounts or exchange them at banks. The RBI said it had asked banks to stop issuing Rs 2,000 notes with immediate effect.

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The Rise of Digital Currencies and Their Impact on Banking

Global Banking & Finance

The Rise of Digital Currencies and Their Impact on Banking Introduction In recent years, the financial landscape has witnessed a seismic shift with the advent of digital currencies. This blog post delves into the […]

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BRICS pitches for using local currencies in international transactions

Business Standard - FInance

The BRICS nations on Friday underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade.