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Barclays boss says ‘life isn’t fair’ before firing

  BLOOMBERG Barclays Plc trader fired amid the foreign-exchange market manipulation scandal told a London court that a senior bank executive said “life isn’t fair” before firing him. Justin Bull, the bank’s former chief operating officer, mocked Chris Ashton during his April 2015 disciplinary hearing, Ashton said in a witness statement made public Tuesday. During the hearing, Ashton said it ...

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Currency traders wary of shorting yen on risk BOJ to disappoint

  Bloomberg Some of the world’s biggest currency traders are betting that the yen can withstand almost anything Haruhiko Kuroda comes up with on Friday. Insight Investment Management Ltd., a unit of Bank of New York Mellon Corp., is “close to flat” on the yen. JPMorgan Chase & Co. says the currency could surge toward 102 per dollar on Friday, ...

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HSBC bullish on India as a third of world’s bond yields negative

  BLOOMBERG HSBC Global Asset Management is sticking with its bet on Indian sovereign bonds as Asia’s highest yields help drive the strongest foreign demand for rupee debt since October. A pickup in monsoon rains has eased inflation concern and the Reserve Bank of India’s cash injections have improved liquidity, adding to the case for favoring the nation’s debt, according ...

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