Top news of the day, May 22
1.The dollar edged lower versus a basket of majorcurrencies on Friday in the wake of unimpressive U.S. economic data, with investors awaiting speeches by major central bankers.
The dollar index slipped 0.2 percent to 95.117, having backed off from Wednesday’s peak of 95.837, its highest level since May 5.
2. PLUS500 LIMITED: Trading on AIM for the under-mentioned securities has been temporarily suspended from 22/05/2015 10:15am, pending an announcement.
3. Bank of New York Mellon Corp will pay $180 million to settle a foreign exchange-related putative class action lawsuit, the bank said in a regulatory filing on Thursday.
The world’s No.1 custody bank expects to record a pretax charge of $50 million in the second quarter related to the settlement.
4. FICO has found cumulative capital requirements among banks in Europe and the United States are on pace to increase more than $2 trillion from pre-financial-crisis levels due to new regulations. That finding is included in a report on the global banking sector produced jointly by FICO and Chartis Research.
5. Banks under investigation in South Africa over alleged currency manipulation have hired the largest law firms in the country to advise them on the probe.
Bowman Gilfillan, ENSafrica and Webber Wentzel, three of the so-called Big Five legal firms, are assisting banks targeted in the South African Competition Commission probe, according to four people with knowledge of the matter, who asked not to be identified because the information isn’t public.
By OneStopBrokers
