Short-selling bans take their toll on securities finance revenues in 2020
Short-selling bans, lower market volumes and depressed fees result in an 11% drop in securities finance revenues during 2020.
Tag: Securities Finance
State Street recruits BNY Mellon duo to bolster financing solutions and collateral teams
Custodians are under scrutiny from their buy-side clients to develop new collateral management capabilities in order to help minimise the impact of UMR.
Pirum extends connectivity with JP Morgan tri-party
Development allow collateral providers and receivers to fully automate their RQV processing.
JP Morgan equity finance trading expert makes switch to Pirum
Former vice president for international equity finance at JP Morgan joins Pirum as securities finance firm turns attention to North America.
More than half of banks are planning to use AI for securities finance, finds new research
Just over half of sell-side firms in a recent survey said they plan to use artificial intelligence for securities finance over the next 12 months.
State Street recruits former BNY securities finance EMEA head for global product role
State Street has aimed to offer new products and services to help combat consistent falls in revenues for its securities finance business.
Nuveen awards State Street new securities lending mandate for $4 billion of assets
State Street has been appointed the securities lending agent for four Nuveen mutual funds with assets of over $4 billion.
Cowen recruits ex-Deutsche Bank prime brokerage veteran for Delta One sales
Cowen recruits Deutsche Bank's former head of prime brokerage Americas sales to bolster global securities finance division.
Securities finance and derivatives associations create new alliance
Partnership will see the expansion of e-contracts to help facilitate greater automation in the securities lending markets.
State Street revenues rise following continued boost in client activity
The Boston-based global custodian reported increases in servicing fee revenue and assets under custody, driven by higher client activity and net new business.