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Current RefinementsContent TypeNewsDate2013SectorIntermediariesPrime BrokeragesRemove all refinements DateFebruary (2)March (4)April (4)May (3)June (5)July (2)August (4)September (1)October (1)December (2)LocationAsia-Pacific (2)Europe (5)North America (21)
Search Results: News > 2013 > Prime Brokerages
1-15 of 28 results
Convergex agrees to pay $151m to settle securities and wire fraud charges
By IB Staff Writer
ConvergEx Group, a brokerage firm agreed to pay more than $151m to US regulators to settle criminal and civil charges that it exaggerated fees when trading for clients, deceived charities and other big investors.
Intermediaries > Prime Brokerages > News
FINRA fines Oppenheimer for overcharging customers
By IB Staff Writer
The US Financial Industry Regulatory Authority (FINRA) has imposed a monetary penalty of $675,000 against investment boutique firm Oppenheimer & Co, for overcharging investors in municipal securities transactions and for failing to implement an adequate supervisory system.
Intermediaries > Prime Brokerages > News
HSBC cancels plan to divest Pakistani banking business, shuts Indian brokerage business
By IB Staff Writer
London-based global financial services organization HSBC has scrapped an agreement to divest its banking business in Pakistan to JS Bank, as it failed to secure concerned regulatory approvals.
Banking Services > Retail Banking > News
Aquiline, Genstar Capital purchase Genworth Wealth Management for $412.5m
By IB Staff Writer
San Francisco-based middle market private equity firm Genstar Capital and Aquiline Capital Partners have acquired Genworth Wealth Management in a transaction worth $412.5m.
Intermediaries > Prime Brokerages > News
UBS to pay $4.6m to US securities regulators over unregistered sales assistants
By IB Staff Writer
UBS Financial Services has inked a $4.6m settlement agreement with the multiple state securities regulators, to resolve the charges that its unregistered client-service associates in retail brokerage unit accepted trade orders from clients.
Intermediaries > Prime Brokerages > News
Saxo Bank rolls out USDRUB and EURRUB FX Options
By IB Staff Writer
Multi-asset online trading and investment company Saxo Bank has introduced two new crosses to its OTC FX options offering, USDRUB and EURRUB, to support clients’ trading strategies and to enable them to manage complex portfolios.
Intermediaries > Custody & Clearing > News
CFH Clearing chooses BoA Merill Lynch as new FX prime broker
By IB Staff Writer
UK-based brokerage firm CFH Clearing has selected Bank of America Merrill Lynch (BofA Merrill Lynch) as its new FX prime broker and its primary prime broker.
Intermediaries > Prime Brokerages > News
China’s GF Securities buys Natixis’ London commodities business
By IB Staff Writer
Chinese securities broker company GF Securities has acquired certain parts of the French lender Natixis’ London-based commodities trading business, to expand its reach in the global derivatives markets.
Intermediaries > Prime Brokerages > News
TradeKing plans to purchase assets of GAIN Capital’s brokerage subsidiary
By IB Staff Writer
TradeKing Group, an online broker/dealer, has entered into an agreement to purchase the accounts as well as the rights to certain other assets of GAIN Capital Securities’ Cleveland-based boutique brokerage subsidiary.
Intermediaries > Prime Brokerages > News
SEC sues Steven Cohen for failing to supervise portfolio managers
By IB Staff Writer
The (US) Securities and Exchange Commission (SEC) has sued a hedge fund adviser Steven Cohen for failing to exercise supervision over two senior portfolio managers, Mathew Martoma and Michael Steinberg, and stop them from insider trading.
Intermediaries > Custody & Clearing > News
Societe Generale in talks to take over 50% stake of Newedge
By IB Staff Writer
France-based lender Societe Generale is in negotiations to purchase 50% stake of brokerage firm Newedge from its joint venture (JV) partner Credit Agricole, in a bid to boost its prime brokerage business.
Intermediaries > Prime Brokerages > News
BTIG introduces interest rate trading desk
By IB Staff Writer
Global financial services company BTIG has launched an Interest Rate trading desk, which will be initially focused on US Interest Rate products in both the cash and futures markets, to boost its fixed income product offering.
Intermediaries > Custody & Clearing > News
Saxo Bank creates new asset allocation strategy for long term investors
By IB Staff Writer
Multi-asset online trading and investment specialist Saxo Bank has set up a new asset allocation plan, known as Balanced Portfolio, which enables traders to follow its progress on Tradingfloor.com and implement the strategy themselves.
Intermediaries > Prime Brokerages > News
Wells Fargo Securities launches client trade services group
By IB Staff Writer
Capital markets and investment banking company Wells Fargo Securities has created a new Client Trade Services group within its markets division to combine businesses that offer clearing, trade execution, technology and operational services to corporate and institutional clients.
Intermediaries > Prime Brokerages > News
Charles River boost FX trading services with 360T's electronic quotes & execution
By IB Staff Writer
Charles River, an investment management services provider, has introduced an integrated electronic quotes and execution for foreign exchange in its Investment Management Solution (Charles River IMS).
Intermediaries > Prime Brokerages > News

BBR White Paper Recommendations

Revenue Leakage – Opportunity Calling! By Suntec
Revenue Leakage has been a universal phenomenon, gnawing up the profit margins of transaction-based industries, especially across their business support systems. Though the Banking industry people are particularly quick in acknowledging the glaring prevalence of revenue leakage, they are not able to pinpoint its source or quantity, or chart methodologies to ensure Revenue Assurance.... Banking Services > Commercial Banking > White Papers Customer Profitability Vs. Customer Satisfaction: Keep Guessing or Model your Pricing Strategies By Suntec
Most financial institutions do not have a clear understanding of what or who drives their profitability. They make assumptions or guesswork, and most of the time, try and fix their profitability metrics into the 80/20 rule or something similar — the majority of profits (80%) come from a minority (20%) of customers, products or business segments. Is profitability as simple as this? While there is no denying the 80/20 rule, how does an organization find this 20%? ... Banking Services > Commercial Banking > White Papers Banks - Reward Your Customers Incrementally, Based on Their Profitability By Suntec
Financial Institutions (FI) are on the verge of a strategic make-over. The market conditions imply an increased need to generate revenues and customer profitability, to ensure sustainability and future business success. In order to achieve these objectives, the FIs need to devise strategies that leverage customer relationships in a way that has never been done before. ... Banking Services > Commercial Banking > White Papers Achieving Measurable Gains by Automating Claims Processing By Kofax
Moving to a fully automated process is a goal for claims processing of nearly all insurance executives. Companies are at various levels of automation and often do not have an appropriate strategy to achieve higher levels of automation. This white paper identifies seven levels of claims automation and provides a roadmap that can be followed to enhance claims processing. This straightforward approach can be used to increase the likelihood of successful automation. Download this free white paper from Kofax to find out more.... White Papers Customer Centricity: The Key to Success in Retail Banking By Kofax
The economic slowdown has forced many banks to redirect their focus to retail banking and reinvent themselves as customer-centric organizations. But many institutions still use legacy infrastructures and processes that hinder necessary readjustments, in particular with regard to information exchange and customer communication. This white paper explains how these difficulties can be overcome, and how banks and financial institutions can reengineer core IT and business processes to support their business objectives. Download this free white paper from Kofax to find out more.... White Papers See more
1-15 of 28 results