HSBC restructure halt to cost $380 million in lost savings
Chief executive at HSBC Noel Quinn tells analysts that pausing thousands of job cuts will cost the bank in lost savings this year.
Chief executive at HSBC Noel Quinn tells analysts that pausing thousands of job cuts will cost the bank in lost savings this year.
State Street will combine its TradeNeXus post-trade platform with CLSTradeMonitor to help buy-side clients better manage FX settlement.
Plans to cut jobs and overhaul the global markets division at HSBC were confirmed by chief executive Noel Quinn earlier this year in February.
ICMA research found that while demand for repo increased, dealers’ capacity to intermediate was constrained and limited access to many firms that needed it.
Former Deutsche Bank and Goldman Sachs executive to lead the enterprise technology business unit across EMEA at Northern Trust as new CTO.
Free trading initiative from BTIG is aimed at charitable, state and union pension funds, as well as medical and educational endowments and emergency services benefit programs.
Agreement between custodian and asset manager will include BNP Paribas using Aladdin to perform middle-office outsourced services.
The US watchdog has extended a delay for broker-dealers reporting to the CAT after system officially went live earlier this month.
Two new teams focused on client management and electronic coverage have been established at Societe Generale, with HSBC’s Jonathan Green taking a leadership role.
Go-live projects for Charles River are expected to be lengthened, as State Street rethinks revenue expectations for the business this year.