The lawsuit accused the six banks and their prime brokerage divisions had colluding to ‘boycott’ an electronic securities lending trading platform.
Tag: JP Morgan
Same-day FX settlement service CLSNow has gone live with JP Morgan and Goldman Sachs among the first to use the platform.
Results were partially offset by increased client activity, as assets under custody increased by over 5% to $25.5 trillion.
Hire in Hong Kong sees JP Morgan tap BNP Paribas Securities Services for new APAC head of agency securities lending trading.
The fine by the Central Bank of Ireland represented its first against a fund administration firm in relation to outsourcing failures.
The partnership is the latest in JP Morgan’s strategy to collaborate with FinTech firms and provide its clients middle and back-office data to front-office decision makers.
JP Morgan will continue to hold a 10% ownership interest in EquiLend.
JP Morgan Securities Services and BlackRock are the first two organisations to use the new electronic messaging solution provided by IHS Markit’s ClearPar.