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State Street to launch new product Fund Insights
22 March 2012 Boston
Reporter: Georgina Lavers

State Street is to launch the Fund InsightsSM Valuation Toolkit, the first in a set of solutions aimed at efficiently providing industry insights for fund managers...

Broadridge launches FinancePro securities solution
22 March 2012 Lake Success
Reporter: Georgina Lavers

Broadridge Financial Solutions has launched FinancePro, a global, multi-asset, multi-currency securities financing solution...

Hartford Financial Services sells broker-dealer business
22 March 2012 Connecticut
Reporter:

Hartford Financial Services group has shut down its annuity business, pursuing a sale or other options for its individual life insurance, retirement plan and broker-dealer businesses...

$150 million securities lending lawsuit for J.P. Morgan
22 March 2012 New York
Reporter: Georgina Lavers

J.P. Morgan will pay $150 million to settle a lawsuit by three American union pension funds and other investors accusing the bank of securities lending losses...

Two resignations for Deutsche
21 March 2012 Frankfurt
Reporter: Georgina Lavers

Deutsche Bank has lost two members of its group executive committee after tensions over asset management...

Greg Wagner resigns from RBS
21 March 2012 London
Reporter: Georgina Lavers

Greg Wagner, global head of equity prime services has resigned from RBS to pursue a new opportunity....

New head of equities for BTIG
19 March 2012 London and NY
Reporter: Georgina Lavers

BTIG Ltd has hired Matthew Cyzer, formerly of Goldman Sachs, to head its equities sales and trading group...

BofE warns insurers on shadow banking
19 March 2012 London
Reporter: Georgina Lavers

Creating a trade repository for recording transactions would ensure insurers do not act like shadow banks, said BofE’s Paul Tucker...

UK to train Nigerian stockbrokers
19 March 2012 Nigeria
Reporter: Georgina Lavers

The Chartered Institute of Stockbrokers (CIS) will send some of its members from Nigeria to the UK for training on securities lending, in preparation for the opening of the Nigerian Stock Exchange...

$8 million stock fraud in California
16 April 2012 California
Reporter: Georgina Lavers

A charge of defrauding $8 million from directors in an elaborate stock-lending scheme has been leveled at Argyll Investments by the SEC...

BNP Paribas Securities Services opens in Colombia and Chile
16 March 2012 Colombia and Chile
Reporter: Georgina Lavers

BNP Paribas Securities Services has opened new offices in Colombia and Chile, and acquired the relevant hires, as part of its expansion into Latin America...

Major clean-up for Penson
15 March 2012 Dallas
Reporter: Georgina Lavers

Penson Worldwide is looking to reduce its debt of $176 million through exchange offers for its debt holders...