Securities lending

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  1. Oklahoma Teachers issues call for custodians

    trueOklahoma Teachers' Retirement System is searching for a firm to provide custodial, securities lending and commission recapture services.

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  1. 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.

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  2. Texas Teachers sticks with State Street for custody, securities lending

    trueexas Teacher Retirement System rehired State Street Bank for custodial and securities lending services.

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  3. 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.

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  4. 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.

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  5. Milwaukee Employes' Retirement keeps Northern Trust as custodian

    trueCity of Milwaukee Employes' Retirement System rehired Northern Trust for custodian and securities lending services.

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  6. 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.

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  7. 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.

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  8. 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.

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  9. 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.

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  10. 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.

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  11. 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.

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  12. PBGC issues call for custodian

    truePension Benefit Guaranty Corp. issued an RFP for a custodian for its $60 billion in trust fund investment assets.

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  13. 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 ...

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