"To hold, you must first open your hand. Let go." - Lao Tzu
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World’s biggest banks tightening hold on the currency market they're accused of rigging
It’ll take more than a unfolding currency-trading scandal to shake the dominance of the world’s biggest currency dealers. The top five currency-trading banks have actually increased their share of the market during this slow-motion train wreck, according to new research from Greenwich Associates. Those firms—Deutsche Bank, UBS, Citigroup, Barclays and JP Morgan Chase—now hold a commanding 52.9% share, up from the 47.9% they held back in 2011. Germany’s Deutsche Bank boasts the largest share of trading at 12.4%. UBS is effectively tied, according to Greenwich, with 12.1% of the market. + Many of the these ... (full story)
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"To hold, you must first open your hand. Let go." - Lao Tzu
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