With US interest rates at 40 year lows and against a backdrop of recent economic data suggesting inflation is on the rise, investors might consider selling US stocks short, in anticipation of lower stock prices after the Federal Reserve all
JASDEC DVP Clearing Corporation (JDCC) has begun delivery versus payment (DVP) settlement service for non exchange transaction deliveries (NETD). According to JASDEC, the volume of DVP settlement today amounted to 82,735 transactions or for 1,087 billion yen in value. The
The head of a leading insurance broker rendered a harsh verdict on the insurance industry, calling it a business that spends more than it makes, drives underwriters and brokers to merge out of desperation rather than economic sense, and fails
Pershing, a subsidiary of The Bank of New York, said it has been chosen by Goodbody Stockbrokers to provide a fully outsourced clearing and settlement service. This service will be provided through a newly established subsidiary in Dublin, Pershing Securities
On Friday the Federal Reserve, the Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, the Office of Thrift Supervision and the Securities and Exchange Commission issued a joint warning to US banks and securities firms to
Citigroup appears to be planning a jump into the correspondent clearing business, as suggested by its recent hiring of Jim DeAlto, a top executive from Bank of American BrokerDealer Services (BofA BD), and as reported last week in Securities Industry
Law firm Grant & Eisenhofer has attracted shareholder accolades in two "awards" it earned last year from Securities Class Action Services, a division of Institutional Shareholder Services. The Wilmington based firm was ranked Number 1 in average shareholder settlements of
BPM provider Staffware claism that independent research counters the Butler Group's statement that BPM failed to deliver any return on investment. A poll of users by Intercai Mondiale found every company reported improved productivity due to the use of this
Brown Brothers Harriman (BBH) has been appointed to provide global custody and fund accounting services for Pension Fund of Commerce (Lifeyrissjodur Verzlunarmanna), Iceland's second largest pension fund with total assets of $1.8 billion. This new relationship also marks BBH's first
State Street has secured a "multibillion euro" depotbank (custody and accounting) and performance and analytics mandate from Lufthansa, the German airline. "We are delighted to forge this relationship with State Street. Its approach to providing truly local depotbank services, their