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State Street settles FX fraud allegations
27 July 2016 Boston
Reporter: Stephanie Palmer

State Street will stump up at least $382.4 million to settle allegations it deceived custody clients through fraudulent foreign exchange (FX) practices...

Ben Brownette joins Northern Trust
27 July 2016 Sydney
Reporter: Becky Butcher

Northern Trust Capital Markets has appointed Ben Brownette as a research analyst for its Sydney office...

Blom Bank selects new operational risk solution
27 July 2016 Beirut
Reporter: Becky Butcher

Lebanese institution Blom Bank has chosen Wolters Kluwer to provide its OneSumX operational risk software solution...

New senior appointments for Apex
27 July 2016 London
Reporter: Becky Butcher

Apex Fund Services has appointed three new senior staff members from KPMG, State Street and J.P. Morgan...

New mandate for Euroclear-DTCC collaboration
27 July 2016 London
Reporter: Stephanie Palmer

Northern Trust has adopted the margin settlement service offering of GlobalCollateral, the joint venture between Euroclear and the Depository Trust & Clearing Corporation...

Harwood-Jones to head new securities services team
26 July 2016 Singapore
Reporter: Stephanie Palmer

Standard Chartered has created a new global securities services business line within its transaction banking segment, and appointed Margaret Harwood-Jones to lead it...

FCA issues guidance on cloud-related risk
26 July 2016 London
Reporter: Stephanie Palmer

Financial services firms remain responsible for their own regulatory compliance, and should conduct due diligence when using ‘cloud' technology, according to new guidance from the FCA...

Citi extends global custody settlement times
26 July 2016 London
Reporter: Stephanie Palmer

Citi has made improvements to its integrated custody programme, extending cut-off times for settlement and cash instructions for global custody accounts...

GFT gains data architect
25 July 2016 London
Reporter: Stephanie Palmer

Mohit Dwivedi has joined technology consultancy GFT as principle architect for data consultancy...

Mixed Q2 for Citi securities services
25 July 2016 New York
Reporter: Stephanie Palmer

Citigroup has released its earnings for Q2 2016, revealing a dip in revenue for securities services, but a 10 percent increase in its total markets and securities services segment...

BNP Paribas wins Singapore mandate
22 July 2016 Singapore
Reporter: Stephanie Palmer

Asian financial services provider Phillip Capital Group has migrated its largest Singapore dollar money market fund to BNP Paribas Securities Services Singapore...

Changes at the helm of CurveGlobal
22 July 2016 London
Reporter: Stephanie Palmer

CurveGlobal, the new interest rates derivatives venture between LSEG, seven dealer banks and the Chicago Board Options Exchange, has appointed Richard Walker as head of business development...