Watch breaking news videos and read news updates about Securities Lending on pionline.com
CalSTRS picks firms for securities lending, cash collateral management
trueCalSTRS intends to award contracts to several firms to provide securities lending and cash collateral management services for its equity portfolio.
Markets, new business boost banks' asset-servicing revenue
trueHigher market values and increased mandates were cited by the largest publicly traded banks for the rise in assets under custody and in asset servicing revenues in the second quarter, according to their latest quarterly earnings statements.
Texas Teachers sticks with State Street for custody, securities lending
trueexas Teacher Retirement System rehired State Street Bank for custodial and securities lending services.
Deutsche Bank makes securities lending inroads
trueMore public pension funds are hiring third-party securities lending agents rather than bundling those services with their custodians and Deutsche Bank Agency Securities Lending appears to be getting the lion’s share of the unbundled business.
Devon County Council picks Northern Trust for custody, securities lending
trueDevon County Council Pension Fund, Exeter, England, hired Northern Trust to provide global custody and securities lending services.
Milwaukee Employes' Retirement keeps Northern Trust as custodian
trueCity of Milwaukee Employes' Retirement System rehired Northern Trust for custodian and securities lending services.
NBIM taps Citi for custody, securities lending
trueNorges Bank Investment Management, which oversees the investments of the 5.156 trillion Norwegian kroner ($866 billion) Norway's Government Pension Fund Global, Oslo, hired Citi Global Transaction Services as NBIM's custodian and securities lending agent.
South Carolina Retirement chooses Deutsche Bank for securities lending
trueSouth Carolina Retirement Systems, Columbia, hired Deutsche Bank as its first third-party securities lending agent.
Northern Trust gets SEC subpoena over securities lending program
trueOfficials at Northern Trust Corp. said the company received a subpoena from the Securities and Exchange Commission this month related to the company's securities lending.
Wells Fargo settles securities lending class-action lawsuit
trueWells Fargo & Co. settled a federal class-action lawsuit led by the $132 million Farmington Hills (Mich.) Employees' Retirement System that claimed the bank breached its fiduciary duty when it lost money through its securities lending program, according to court documents.
Texas Teachers seeks custodian and securities lending firm
trueTexas Teacher Retirement System is searching for a custodian and securities lending services firm for a five-year contract effective Jan. 1, 2015, with possible extensions of up to two years.
Pension funds lose securities lending suit against Wells Fargo
trueWells Fargo & Co. did not breach its fiduciary duty when several pension funds lost money through the bank's securities lending program, a federal court judge in St. Paul, Minn., has ruled.
PBGC issues call for custodian
truePension Benefit Guaranty Corp. issued an RFP for a custodian for its $60 billion in trust fund investment assets.
BNY Mellon settles with Pa. funds, stays on as custodian
trueBank of New York Mellon will pay a total of $19 million in a settlement with the $49.4 billion Pennsylvania Public School Employees' Retirement System, $25.7 billion Pennsylvania State Employees’ Retirement System and the Pennsylvania state treasury over losses the three sustained in an investment ...
Chicago teachers divides custody, securities lending assignments
trueChicago Public School Teachers' Pension & Retirement Fund hired Bank of New York Mellon as custodian and Deutsche Bank as securities lending agent and collateral manager.