Money managers and brokers are shunning Barclays Plc’s dark pool after allegations the bank lied to clients about whether they would be dealing with high- frequency traders, according to people with knowledge of the matter.
The dollar extended its streak of declines to the longest since April as economists forecast reports this week will show slowing factory output and a smaller gain in new home sales in the world’s largest economy.
Today’s decision to continue pit trading at the London Metal Exchange not only preserves the vanishing tradition of face-to-face bidding, it helps the exchange remain credible in the wake of scandals in the setting of other international benchmark prices -- currencies and the interest rate known as Libor.
China’s central bank appointed Bank of China Ltd.’s Frankfurt branch as the first institution in the euro area able to clear payments in the country’s currency on the day yuan trading started in London.
MetLife, led by Chief Executive Officer Steve Kandarian, hasn’t announced share buybacks since 2008 amid uncertainty over rules the New York-based insurer could be subjected to if it’s deemed a systemically important financial institution