Did State Street Global Advisors briefly hold a 7.5% stake in Credit Suisse?
The asset manager appeared to have taken a 7.5% holding in Credit Suisse as of Wednesday, but by yesterday the stake had disappeared, and may have been a filing error.
The asset manager appeared to have taken a 7.5% holding in Credit Suisse as of Wednesday, but by yesterday the stake had disappeared, and may have been a filing error.
Rumours are flying regarding a possible takeover of the troubled Credit Suisse by US giant State Street – but why would they buy, and will it even happen?
The goal of the three firms is to bring post-trade workflow automation and efficiencies while significantly reducing counterparty credit risk through blockchain technology.
New chief risk officer previously served in the same role for eight years at Citi and replaces retiring State Street risk chief Andrew Kuritzkes.
The programme, which was launched earlier this year, looks to make overnight and term repo trading between counterparties easier.
New global cybersecurity and technology unit to be set up by State Street in Ireland over the next two years.
Former global head of electronic trading sales and prime clearing at Baader Bank joins State Street as head of global markets for Europe.
New senior appointments will be responsible for developing business, stewarding client engagement, and building on State Street’s market network in Europe.
Participants in The TRADE’s recent outsourced trading webinar answer some of the questions from the audience.
ION’s acquisition of DASH and Broadway, TS Imagine’s merger, and Broadridge’s acquisition of Itiviti all took place recently as the market continued to consolidate.