foreign exchange Archives - CFO

Wells Fargo Fined $37M Over Forex Fraud

Risk & Compliance

Wells Fargo Fined $37M Over Forex Fraud

The bank's sales specialists allegedly charged forex customers higher markups on transactions than they represented the bank would charge.

By Matthew Heller | September 28, 2021

Why Is Blockchain Suddenly So Hot?

Why Is Blockchain Suddenly So Hot?

All at once, it seems, corporate treasury departments are embracing the distributed-ledger technology to manage FX more efficiently, among other reasons.

By Wolfgang Koester | February 9, 2018

How Tech Startups Should Manage Forex

How Tech Startups Should Manage Forex

Managing foreign exchange risk is crucial for a young technology firm with little excess cash.

By Chappy Chapman | January 16, 2018

Ex-Traders Charged With Currency Rigging

Risk & Compliance

Ex-Traders Charged With Currency Rigging

U.S. authorities say traders for three banks used the "Cartel' online chatroom to manipulate the price of U.S. dollars and euros.

By Matthew Heller | January 12, 2017

State Street Fined $382M Over Hidden Markups

Risk & Compliance

State Street Fined $382M Over Hidden Markups

The SEC says the bank made "substantial revenues" by misleading clients about the pricing of foreign exchange trades.

By Matthew Heller | July 27, 2016

Currency Volatility Costs Hit Record $33.9B

Currency Volatility Costs Hit Record $33.9B

"Corporates are seeing more significant sustained negative impacts than at the height of the euro crisis," FiREapps says.

By Matthew Heller | April 12, 2016

Conquering Foreign Currency Concerns

Corporate Finance

Conquering Foreign Currency Concerns

CFO offers the following stories on foreign currency risks, hidden costs of international payments, foreign market fixed rates, and multinational margins.

By Kerry Maruna | March 8, 2016

Three Currency Predictions for 2016

Risk Management

Three Currency Predictions for 2016

Volatility will no longer be the "new normal" but just the norm; it will be the "year of the yuan"; and FP&A teams will be pressed for insights.

By Wolfgang Koester | December 21, 2015

Five Banks to Pay $5.6B Over Rate-Rigging

Risk & Compliance

Five Banks to Pay $5.6B Over Rate-Rigging

Plea agreements resolve U.S. allegations that the banks manipulated foreign currency exchange and interest rates.

By Katie Kuehner-Hebert | May 20, 2015

Strong Dollar Plays Havoc with Multinationals’ Margins

Strong Dollar Plays Havoc with Multinationals’ Margins

Operating margins for U.S. companies with subsidiaries in Europe or Japan are getting whacked by foreign exchange this year.

By Thomas E. Conine Jr. | May 15, 2015

CFO Manages Around Commodities Price Volatility

CFO Manages Around Commodities Price Volatility

Ingredion's Jack Fortnum juggles customer contract models, pricing strategies, currency instability, and working capital controls.

By David McCann | April 17, 2015

SAP Being Boosted by Weak Euro

Global Business

SAP Being Boosted by Weak Euro

The software giant does hedge its foreign cash flows, but the euro's drop could still give 2015 sales and earnings a double-digit percentage boost.

By Katie Kuehner-Hebert | March 20, 2015

BNY Mellon Settles Forex Pricing Allegations

BNY Mellon Settles Forex Pricing Allegations

The custody bank agrees to pay $714 million for overcharging pension funds and other customers on foreign exchange trades.

By Katie Kuehner-Hebert | March 20, 2015

Writedowns Coming from Venezuela Exposures

Global Business

Writedowns Coming from Venezuela Exposures

S&P 500 companies with $11 billion in monetary assets in Venezuela could get hit hard by the country's currency controls.

By Matthew Heller | February 2, 2015

Currency Risks: Disturbance in the Water

Currency Risks: Disturbance in the Water

After two years of relative stability, the currency markets may be readying for a year of heightened volatility. Will companies be prepared?

By Vincent Ryan | December 6, 2013