Securities Financing News

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JP Morgan to accept gold as collateral for sec lending and repo obligations

JP Morgan has become the only tri-party collateral manager to accept physical gold as collateral to satisfy securities lending and repo obligations with counterparties.

Feb 07, 2011

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BBH unveils securities lending mobile application for iPhone and Blackberry

Brown Brothers Harriman (BBH) has launched a securities lending mobile application for the iPhone and Blackberry.

Jan 11, 2011

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Citadel loses three senior executives at securites unit in latest series of depatures

Citadel, the Chicago-based hedge fund manager and investment bank, has lost three senior executives at its securities unit.

Jan 04, 2011

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OCC sees jump in stock loan activity in December 2010

The Options Clearing Corporation (OCC) stock loan program (including OTC and AQS) saw a 51% increase in new loan activity with 649,429 new transactions in December 2010 compared to this
time last year.

Jan 03, 2011

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SERS sues Wells Fargo over losses incurred by Wachovia Global Securities Lending unit

The School Employees Retirement System (SERS) of Ohio is suing Wells Fargo to recover $29.6 million in losses incurred by Wachovia – the bank Wells Fargo acquired in December 2008.

Dec 31, 2010

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Securitisation makes few advances in 2010, according to the ICFR

There was little progress on securitisation in 2010, according to the International Centre for Financial Regulation (ICFR), a London-based thought leadership body on financial regulation.

Dec 29, 2010

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ISLA elects new board

The International Securities Lending Association (ISLA), the industry group representing the interests of those in the securities lending business, has elected a new board of directors.

Dec 20, 2010

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Wachovia Global Securites becomes ClearLend

Wachovia Global Securities has changed its name to ClearLend Securities.This came following the merger between Wells Fargo and Wachovia. ClearLend Securities, a division of Wells Fargo now, will maintain its existing management team.

Oct 25, 2010

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Securities lending beneficial to asset managers, says research paper

Securities lending remains a steady source of additional revenue for many asset managers, according to a research paper published by Data Explorers, a provider of securities financing data.

Oct 19, 2010

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