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Finadium surveys asset managers
12 July 2012 Massachusetts
Reporter: Mark Dugdale

Securities and investment research firm Finadium has released a report that identifies current concerns and future trends across custody, securities lending and collateral management...

Iowa brokerage Peregrine files for bankruptcy
11 July 2012 Iowa
Reporter: Georgina Lavers

Peregrine Financial Group in Iowa (PFG) has had its accounts frozen after the National Futures Association (NFA) accused the brokerage of misrepresenting bank statements...

J.P. Morgan integrates teams ahead of regulatory reform
11 July 2012 New York
Reporter: Mark Dugdale

J.P. Morgan has integrated the teams responsible for brokering client derivatives and securities trades with those that look after the back office aspects of those trades in response to regulatory reforms...

Clearstream's June 2012 figures show increase
10 July 2012 Frankfurt
Reporter: Mark Dugdale

Post-trading services provider Clearstream of the Deutsche Börse Group has released its June 2012 figures, revealing that the monthly average outstanding for global securities financing services reached €598.3 billion...

Catalyst recruits Clements
10 July 2012 London
Reporter: Mark Dugdale

Catalyst Development has added Steve Clements as a managing consultant in its operations practice. He is a senior specialist in operations, treasury and liquidity, and cash and collateral management...

Deutsche Bank makes changes in global transaction banking division
09 July 2012 London
Reporter: Georgina Lavers

Deutsche Bank’s global transaction banking (GTB) division has announced several key appointments in its trust and securities services and cash management for financial institutions (TSS/CMFI) business...

BNY Mellon settles Sigma lawsuit
09 July 2012 New York
Reporter: Mark Dugdale

BNY Mellon has agreed to settle a class action lawsuit connected to the Sigma Finance structured investment vehicle for up to $280 million...

Euroclear’s highway to collateral
09 July 2012 Brussels
Reporter: Georgina Lavers

Euroclear has devised what it terms a ‘Collateral Highway’, which it hopes will create the first fully open global market infrastructure to source and mobilise collateral across borders...

LIBOR scandal escalates
06 July 2012 London
Reporter: Georgina Lavers

The former CEO of Barclays, Bob Diamond, has apologised to UK MPs, but denied personal culpability, for the bank’s manipulation of LIBOR rates...

Benjamin Happ 'moves' to Boston
06 July 2012 Hong Kong
Reporter: Mark Dugdale

It has been reported that Credit Suisse’s head of capital services for its prime brokerage business in Asia Pacific, Benjamin Happ, is moving to Boston in the US...

Cries of fraud for Chinese tech company Quihoo
04 July 2012 Bejing
Reporter: Georgina Lavers

Quihoo has joined the list of Chinese companies accused of fraud by shortsellers. The Bejing-based online security software developer has denied allegations made by Anonymous Analytics that user traffic on its website is lower than described...

South Korea to introduce short selling report rule
04 July 2012 Seoul
Reporter: Mark Dugdale

Short sellers will be required to provide reports on their short positions in South Korea as of 30 August so that regulators will have more access to data on short selling activities...