State Street to buy Charles River for $2.6 billion
Custodian announces deal to acquire investment management front office service provider Charles River Development in a landmark $2.6 billion deal.
Custody
BNY Mellon investor services revenue slows in Q2
Investment services revenues of increased 8% to $3.1 billion year-on-year but remained flat over the previous quarter.
Northern Trust wins CERN Pension Fund mandate from State Street
CERN Pension Fund CEO cites technology and value as reasons for review which will it move $4.25 billion of assets to Northern Trust for custody.
Algomi looks to monetise custodians bond holdings following Euroclear investment
The investment from Euroclear was in response to client demands wanting access untapped liquidity pools in the bond market.
Citi and JP Morgan securities services units enjoy profitable quarter
Citi and JP Morgan both recorded a 12% increase in the second quarter for their securities services businesses.
Google and Facebook set to face same talent challenges as banks
Securities services firms hope to capture the relevant skills to mix with the experience of their business heads and create new solutions and services.
SIX unveils advanced plan for digital asset ecosystem
A fully integrated trading, settlement and custody infrastructure for digital assets is set to launch in 2019.
SGSS launches fixed income service for broker-dealers
The new fixed income clearing and settlement offering was developed as part of SGSS’ ongoing work with Accenture Post-Trade Processing.
Standard Chartered facilitates DGCX collateral expansion
Clearing members will now be able to use UK and US government treasury bills, bonds, and other approved fixed income securities as collateral.
Coinbase officially launches crypto custody offering for institutional investors
Coinbase launches custody for cryptocurrencies but is still looking to partner with traditional custodians.