Northern Trust has adopted the margin settlement service offering of GlobalCollateral, the joint venture between Euroclear and the Depository Trust & Clearing Corporation...
Northern Trust will have to pay $46.5 million to settle securities lending litigation, while the bank outperformed the previous quarter in fees earned, according to its Q2 results...
Rising costs and a greater diversity of providers is leading pension funds to request unbundled contracts for securities lending and custody, according to Funston Advisory Services...
The Bank of England has declined to raise interest rates in the face of increasing economic uncertainty following the UK’s decision to leave the EU, but warned that volatility in property prices might require action in the future...
European and Asian exchange-traded funds are currently offering particularly attractive lending returns in their equity securities lending rates, according to Clearstream chair Jeffrey Tessler...