JP Morgan has increased prime brokerage balances by 25% over the year, following near-record levels set across the cash and synthetic businesses.
Tag: JP Morgan
The US bank had also hired a new global head of middle-office strategy, as part of a push to expand its middle-office coverage and capabilities.
Expansion of its middle-office capabilities has become a key point of focus for JP Morgan’s securities services strategy.
The lawsuit accused the six banks and their prime brokerage divisions had colluding to ‘boycott’ an electronic securities lending trading platform.
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.