Two US banks - Wachovia and Key Bank - have joined FXall, an online foreign exchange portal operated by a consortium of 17 banks.

Wachovia, the fifth largest bank in the US, has become a liquidity provider on the portal, joining 44 other institutions including Goldman Sachs, HSBC, Royal Bank of Scotland and Barclays Capital.

Heather McKenzie

Goldman Sachs

HSBC

Royal Bank of Scotland

Big bonuses see women fall further behind men at Wall Street investment banks

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Barclays hires Centerview dealmaker Woeber to lead global M&A

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Find out who is on the move in the City and beyond this week

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The UK lender has given the leading compliance job to a 20-year veteran

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The UK lender has tapped a veteran dealmaker to head up a key area of growth

Several big law firms are discussing $500 million in pro bono legal services with the White House to avert restrictions on their business, people familiar with the matter said.

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Latham & Watkins, Simpson Thacher Near Deals With White House

Treasury Secretary Scott Bessent helped persuade the president to take some time and negotiate with trading partners in the face of pressure from business leaders.

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Generative AI is going to reinvent virtually every customer experience and enable entirely new ones that have only been dreamed about, Amazon.com Chief Executive Andy Jassy said.

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Carney said the 90-day pause, and Trump’s pledge to negotiate new trading arrangements with dozens of countries, “will likely result in a fundamental restructuring of the global trading system.”

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The BOE said that further sharp falls in asset prices are likely.

Bank of England Warns of Tariffs Threat to Stability of Global Financial System

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Wachovia and Key Bank join FXall

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