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Wells Fargo comments on lawsuit win
12 August 2013 Minnesota
Reporter: Georgina Lavers

A Minnesota jury has cleared Wells Fargo in the lawsuit levelled at the bank by Blue Cross and Blue Shields...

New York Federal Bank starts reverse repos
12 August 2013 New York
Reporter: Georgina Lavers

The Federal Reserve Bank of New York has released a statement reiterating that it is ready to support any reserve draining operations that the Federal Open Market Committee might direct...

Bruce Turner moves to Interactive Brokers
09 August 2013 New York
Reporter: Mark Dugdale

Bruce Turner has joined securities firm Interactive Brokers as vice president of securities lending services. He reportedly left his role as co-CEO of Quadriserv in May...

Clearstream’s July GSF creeps up
09 August 2013 Frankfurt
Reporter: Jenna Jones

Clearstream’s global securities financing (GSF) services experienced a monthly average outstanding of €575.1 billion in July...

Hedge Fund Association hires for its LatAm chapter
09 August 2013 Florida
Reporter: Georgina Lavers

Hedge Fund Association has made a few recent appointments to its advisory board and regional leadership divisions...

Jury weighs up Wells Fargo lawsuit
08 August 2013 Minnesota
Reporter: Georgina Lavers

A jury is deliberating whether Wells Fargo has committed fraud in a claim filed by Blue Cross and Blue Shield in 2011...

Cowen Equity Finance adds securities lending team
08 August 2013 New York
Reporter: Mark Dugdale

The Cowen Equity Finance Group has strengthened its team with four new recruits, including Jon Wedrogowski and Marylou Carluccio...

Short sellers remain sceptical of Herbalife success
07 August 2013 New York
Reporter: Georgina Lavers

Billionaire investor George Soros recently took a large stake in Herbalife—the weight management and nutritional supplement firm—but short sellers aren’t buying into the rising share prices, say SunGard...

Asset managers look to sec lending for revenue and liquidity
07 August 2013 Concord
Reporter: Mark Dugdale

A “healthy majority” of large asset managers have embraced their securities lending programmes to generate both revenue and liquidity, but challenges remain, according to Finadium’s 2013 survey...

Timothy Keenan bows out at Quadriserv
06 August 2013 New York
Reporter: Georgina Lavers

Timothy Keenan has left Quadriserv after four years at the company. Prior to this role he had worked at Barclays Capital, and was the global repo product manager at Credit Suisse First Boston...

Kay's future for lending fees has stalled, says committee
06 August 2013 London
Reporter: Georgina Lavers

Over a year has passed since Professor John Kay published his report on equity markets—commissioned by the UK government—and the industry has still not changed, say critics...

Prime brokerage “not an option” for CLO financing
05 August 2013 New York
Reporter: Georgina Lavers

New risk retention rules will dramatically shrink the collateralised loan obligation market, and prime brokers will not help the situation, said The Loan Syndications and Trading Association in a letter to US regulators...