Trading & Asset Servicing
Illinois Teachers seeks third-party securities lending agent
Illinois Teachers' Retirement System authorized a search for the $36 billion system's first third-party securities lending agent.
February 09, 2012 | 04:16 pm
AFTRA pension fund in settlement with J.P. Morgan
J.P. Morgan Chase reached an “agreement in principal” to settle a class-action lawsuit filed by the $1.5 billion American Federation of Television and Radio Artists Retirement Fund and...
February 08, 2012 | 12:27 pm
State Street Global Markets names EMEA portfolio solutions chief
John Minderides was named head of State Street Global Markets' portfolio solutions business for Europe, the Middle East and Africa.
February 03, 2012 | 12:57 pm
U.S. Bank acquires Union Bank's institutional trust unit
U.S. Bank National Association, a subsidiary of U.S. Bancorp, agreed to purchase Union Bank's institutional trust business providing services to corporate retirement plans.
February 01, 2012 | 03:55 pm
Virginia Retirement to co-lead suit against Corzine over MF Global losses
Virginia Retirement System, Richmond, and the Canadian province of Alberta will lead a group lawsuit against Jon Corzine seeking compensation for losses from MF Global Holdings' collapse.
January 26, 2012 | 03:15 pm
47% of plan execs see no change in sec lending revenue
Forty-seven percent of pension plan executives surveyed by Finadium expect no change in securities lending revenue over the next two years, with the remainder split as to whether securities lending...
January 23, 2012 | 01:36 pm
Northern Ireland government officers fund looking for custodian
Northern Ireland Local Government Officers' Superannuation Fund, Belfast, is searching for a global custodian.
January 19, 2012 | 12:15 pm
7 charged in federal hedge fund insider-trading probe
Seven people were charged Wednesday in U.S. District Court in New York with securities fraud and conspiracy as part of a five-year federal investigation of insider trading at hedge funds.
January 18, 2012 | 03:46 pm
CBOE CEO Brodsky embarrassed by Illinois pension fund problems
CBOE Holdings Inc. CEO Bill Brodsky derided the state of Illinois for financial problems, such as underfunding of state pensions, just weeks after the state passed a new law that will reduce the...
January 12, 2012 | 10:52 am
Analyst estimates Northern Trust's coming cost cuts at $175 million
Northern Trust Corp. will announce a cost savings program next week that one analyst projects will trim $175 million, or 6%, from the annual expenses of Chicago's largest locally based bank.
January 11, 2012 | 10:04 am
BNY Mellon close to settling federal forex case
Bank of New York Mellon Corp. and federal prosecutors are close to settling some claims in a government lawsuit accusing the bank of overcharging customers for foreign-exchange trading, according to...
January 10, 2012 | 09:47 am
Using social media data as a trading indicator
If your New Year's resolution is to harness social media and really make it work for you, a collaboration between Gnip Inc. and StockTwits could provide an easier way to meet your goal.
January 09, 2012
Fidelity, Och-Ziff seek stiffer collateral rule before CFTC vote
The U.S. Commodity Futures Trading Commission may complete rules next week that set protections for swap traders' collateral as some hedge funds and mutual funds push for additional safety measures...
January 04, 2012 | 09:38 am
New swaps rules put pension execs between rock, hard place
The missing-money controversy surrounding MF Global Holdings Ltd. is putting large corporate and public pension plans that use swaps in a no-win situation, regardless of its outcome.
December 26, 2011
CVC drops takeover of ConvergEx amid federal probes
ConvergEx, a trading-software company partially owned by Bank of New York Mellon, said its July agreement to be bought by CVC Capital Partners was terminated amid regulatory investigations of its...