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Eagle soaring
04 October 2010 Boston
Reporter: Justin Lawson

Eagle Investment Systems, a subsidiary of BNY Mellon, has hired a new regional sales director to address the business development needs of existing clients and prospects in Europe, Middle East and Africa(EMEA).

First Blood for Northern Trust in Diebold Case
04 October 2010 Chicago
Reporter: Ben Wilkie

Northern Trust has part-won a ruling on a motion to dismiss ERISA breach of fiduciary duty and prohibited transaction claims involving an investment manager's securities lending programme.

Lloyd Michaels appointed Head of 1 Delta products
04 October 2010 Hong Kong
Reporter: Justin Lawson

In the last month Societe Generale Corporate & Investment Banking has continued its expansion into the Asia Equity space, announcing a series of senior appointments.

Withdrawal from securities lending enhances rating
30 September 2010 Oldwick
Reporter: Justin Lawson

A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of A (Excellent) and issuer credit rating of "a" of COPIC Insurance Company (COPIC) (Denver, CO).

Sedona case heading for trial
29 September 2010 New York
Reporter: Ben Wilkie

Andreas Badian and other defendants are set for trial in early 2011 in the SEC's lawsuit over naked short selling...

Industrial's Shanghai IPO hits target
29 September 2010 Shanghai
Reporter: Ben Wilkie

Securities lending the target as Industrial Securities Co raises the maximum amount it sought, 2.63 billion yuan, in its Shanghai IPO...

South Carolina to go it alone
28 September 2010 South Carolina
Reporter: Ben Wilkie

The South Carolina Pension Fund is to create a management firm to look after its assets, in a move that could see it offering its own securities lending services...

Clearstream celebrates 40 years
28 September 2010 Frankfurt
Reporter: Ben Wilkie

The international central securities depository (ICSD) Clearstream (previously Cedel) has reached its 40th birthday...

NY Fed cuts asset requirements for reverse repo
28 September 2010 New York
Reporter: Ben Wilkie

The Federal Reserve Bank of New York has announced that the amount of net assets for money funds to be eligible to take part in reverse repo transactions has been halved...

EFAMA welcomes regulatory supervision
27 September 2010 Brussels
Reporter: Justin Lawson

The European Fund and Asset Management Association (EFAMA) welcomes the European Parliament's vote last week in the plenary session on the reform of the EU framework for supervision of the financial system

SGX bolsters securities borrowing and lending service
24 September 2010 Singapore
Reporter: Ben Wilkie

Singapore Exchange (SGX) is enhancing its securities borrowing and lending (SBL) service to bring additional benefits for investors and SGX central depository account holders.

Carlson settles with SEC for USD2.6 million
24 September 2010 Dallas
Reporter: Ben Wilkie

The Securities and Exchange Commission has charged Dallas-based hedge fund adviser Carlson Capital, L.P. with improperly participating in four public stock offerings after selling short those same stocks...