Top Stories of the day June 26
1. Citigroup Inc (C.N) will combine its retail banking and mortgage operations under Jonathan Larsen, according to an internal memo seen by Reuters, in the second senior promotion for a veteran of the bank’s Asian franchise this year.
The U.S. bank’s Asia Pacific chief Stephen Bird in April became the global head of Citi’s consumer bank, in a move seen by analysts as rewarding the U.S. lender’s strategy in the region.
2. Alpari has issued an announcement to inform public that:
Due to the possibility of a Greek default and increased volatility on currency pairs which involve the euro, we would like to inform you that from 29th June, 2015, temporary limits may be set across a range of trading conditions:
– The size of opened positions;
– The total volume of open positions.
Read: OSB Daily Technical Analysis-Currency Pairs
3. FCA has issued a press release to inform that the below firm has been providing financial services or products in the UK without its authorisation.
– Robinson Securities LLC
4. After yet another inconclusive Eurogroup in Brussels Thursday, finance ministers agreed that more talks were required to bridge enduring gaps between Greece and its creditors with another Eurogroup to be held over the weekend, most likely on Saturday.
Read: OSB G10 Currency Pairs Cheat Sheet & Key Levels
5. Though the true amounts are debatable, it’s generally conceded that China is importing a lot of gold.
What’s not included in this calculation — but should be — are the deposits its mining companies are acquiring overseas. This gold-in-the-ground is just as much a national monetary asset as is metal accumulated by Chinese investors and — to the extent that the mining companies sell their output to the government — can be expected to add to Chinese central bank gold holdings over time.
By OneStopBrokers
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