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Michael Messinger rejoins Maxim Group
15 January 2014 New York
Reporter: Georgina Lavers

Maxim Group has hired Michael Messinger as an executive managing director and co-head of the fixed income group...

Anticipated €50bn cash-flow drag from FTT
15 January 2014 London
Reporter: Georgina Lavers

There will be an estimated an annual cash-flow drag of €30–50 billion resulting from the Financial Transaction Tax, suggested a report...

Eurex broadens collateral reach
14 January 2014 Frankfurt
Reporter: Georgina Lavers

Eurex Clearing has extended its collateral services by providing direct connectivity into Clearstream’s triparty collateral management service (the global liquidity hub)...

Alexandra Ricciardi wields collateral expertise at BNP Paribas
14 January 2014 New York
Reporter: Georgina Lavers

BNP Paribas Securities Services has hired Alexandra Ricciardi to extend the firm’s collateral franchise to North America...

Matteo Cassina joins Saxo Bank
13 January 2014 London
Reporter: Georgina Lavers

Prime brokerage veteran Matteo Cassina has joined Saxo Bank in a push to expand the bank’s growth within the institutional space...

Clearstream's GSF rises 7 percent
13 January 2014 Frankfurt
Reporter: Georgina Lavers

Clearstream’s global securities financing (GSF) services, which include triparty repo, securities lending and collateral management, increased by 7 percent year-on-year, the company reported...

Short sellers were early indication of 2008 crisis
10 January 2014 Dallas
Reporter: Georgina Lavers

Actions of short sellers likely provided an early warning of banks’ upcoming distress prior to the 2008 crisis, an academic study has suggested...

BNY/CIBC Mellon merger formalises new roles
10 January 2014 Toronto
Reporter: Georgina Lavers

Three months after BNY Mellon and CIBC Mellon created a lending giant with the merger of their two desks, Phil Zywot and his team have formally become BNY Mellon employees from 1 January 2014...

Lending transactions rise for Brazil’s stock exchange
09 January 2013 São Paulo
Reporter: Georgina Lavers

In 2013, securities lending transactions at BM&FBOVESPA reached a new milestone with a financial volume of BRL 1 trillion with 1,693,151 trades...

Shorters circle around Western Asset Mortgage Capital
08 January 2014 Pasadena
Reporter: Georgina Lavers

According to reports, Zacks has recently downgraded Western Asset Mortgage Capital Corp (WMC) from neutral to underperform...

Utilisation of Twitter stays buoyant
08 January 2013 New York
Reporter: Georgina Lavers

Utilisation levels for Twitter remain high after low trading levels in the Christmas month, SunGard reported...

Doran Jones hires technology leader Dan McGovern
07 January 2013 Charlotte, North Carolina
Reporter: Mark Dugdale

Doran Jones has recruited Dan McGovern for a senior management role. He joins the consultancy firm from J.P. Morgan, adding technology leadership to its expanding business in Charlotte, North Carolina...