Securities Financing News

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

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

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

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

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

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

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

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

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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