News search | Securities Finance Times

Generic business image for news articles

Wells Fargo settles with Sarasota over securities lending feud
17 December 2012 Sarasota
Reporter: Mark Dugdale

Wells Fargo will pay Sarasota County $23.75 million to settle claims that Wachovia Bank, which it acquired at the peak of the financial crisis, mismanaged the county’s securities lending portfolio between 2007 and 2008...

BNP Paribas handles second fund migration for Henderson
14 December 2012 London
Reporter: Georgina Lavers

BNP Paribas Securities Services has migrated nine funds with an approximate value of €2.5 billion for Henderson Global Investors...

There is no collateral shortage, says Finadium
13 December 2012 Massachusetts
Reporter: Georgina Lavers

Finadium has released a new report on the mechanics and sizing of the collateral transformation trade...

New role created for Alan Pace at Citi
12 December 2012 New York
Reporter: Georgina Lavers

In order to drive forward its prime finance business and create a fully integrated division, Citi has created a new role for Alan Pace...

NASDAQ shakes up eligible collateral
11 December 2012 New York
Reporter: Georgina Lavers

NASDAQ OMX Derivatives Markets is making a number of changes to its list of eligible collateral, announcing that further changes will be made...

CME Clearing Europe gets on Euroclear’s collateral highway
10 December 2012 London
Reporter: Georgina Lavers

Euroclear Bank and CME Clearing Europe have signed an agreement to help mutual clients fulfil their collateral obligations to meet initial margin requirements at CME Clearing Europe...

Gregory Forbes joins Huntington Asset Services
10 December 2012 Indianapolis
Reporter: Georgina Lavers

Gregory Forbes has joined Huntington Asset Services as senior vice president for business development. Forbes will focus on expanding market share in servicing larger fund companies and institutional clients...

Clearstream sees a decrease in GSF services
10 December 2012 Frankfurt
Reporter: Jenna Jones

Clearstream has released its November 2012 figures, which show an increase in assets under custody, but a decrease in global securities financing services (GSF)...

We’re not ready for cleared OTC environment, say insurers
06 December 2012 London
Reporter: Georgina Lavers

Nearly half (46 percent) of insurers have either not yet initiated or concluded their impact assessment of changes mandated by EMIR and the Dodd-Frank Act...

UBS and HSBC conduct first ever renminbi triparty repo
06 December 2012 Brussels and Hong Kong
Reporter: Jenna Jones

UBS London and HSBC, Hong Kong have completed their first renminbi (RMB) triparty repo using Euroclear Bank and the Hong Kong Monetary Authority (HKMA) as collateral management agents...

Repo and reverse repo assets to be recallable in EU
05 December 2012 Paris
Reporter: Mark Dugdale

UCITS funds should only enter into repo and reverse repo agreements if they are able to recall assets or cash at any time, according to the European Securities and Markets Authority’s (ESMA’s) latest guidelines...

Wells Fargo renames Merlin Securities
04 December 2012 New York
Reporter: Jenna Jones

Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company, has rebranded recently acquired Merlin Securities to Wells Fargo Prime Services...