Northern Trust posts strong asset servicing revenues in Q3 as CEO hails US fund services wins
Chief executive officer for Northern Trust highlights US fund administration wins in a quarter driven by new mandates.
Custody
BNY Mellon revenue and assets increase confirms positive quarter for the big four
Citi, JP Morgan, State Street and now BNY Mellon all enjoy asset servicing revenue upticks during the third quarter.
State Street’s quarterly results continue narrative of custodian resurgence
During a quarter defined by its agreement to acquire BBH’s Investor Services unit, State Street posts increase in AUC/A and revenues.
BNP Paribas Securities Services secures €16 billion custody mandate from Van Lanschot Kempen
Two mandates cover €16 billion of assets for one of the Netherlands’ oldest private financial institutions.
JP Morgan and Citi post securities services revenues upticks in Q3
Initial third-quarter results suggest a potential change of fortunes for a custody industry that endured a difficult first half of the year.
Pandemic takes its toll on custody scores
Agent bank clients have revised their assessments downwards in the latest Global Custodian agent bank survey of major markets.
State Street to provide custody for new digital cross-border securities settlement infrastructure
The Digital Securities Depository Corporation (DSDC) is a cross-border securities settlement infrastructure for digital depositary receipts (DDRs).
Custodians highlight the importance of digital asset regulation and call for playbook and taxonomies
If it hadn’t already, the penny has dropped on what digital assets and new technologies will bring to the securities services industry, but experts believe more is needed from regulators and fast.
BNY Mellon joins Future Investment Initiative Institute to help shape ESG in the Middle East
Foundation’s objective centres around the impact on humanity in Saudi Arabia and the broader Middle East region.
We ‘can’t custody’ Bitcoin, says JP Morgan chief executive Dimon
Jamie Dimon interview takes off after he labelled Bitcoin as “worthless” but interview also revealed JP Morgan’s stance on crypto custody.