Custody, clearing etc

State Street sees net income slump

State Street has just announced its second quarter 2019 results, which show net income down 19.9 percent on a year earlier as total revenue fell by 6.1 percent, reflecting lower servicing, management and markets revenues. Ron O'Hanley, President and Chief Executive Officer, says: "State Street...
BNY Mellon publishes first half results

The Bank of New York Mellon has today published its results for the first six months of the year. It highlights the following as key drivers (comparisons are second quarter 2019 versus second quarter 2018, unless otherwise stated. Total revenue decreased 5 percent. Fee revenue decreased 3 percent...
Northern Trust names Marisa Kurk COO Global FX

Northern Trust has today announced that Marisa Kurk has been named Chief Operating Officer of its Global Foreign Exchange (GFX) business. Based in Chicago, Kurk will drive the day-to-day enablement of GFX business strategy and operations, capitalizing on strategic technology and product capabilities...
BNP Paribas wins Arca Fondi mandate

BNP Paribas Securities Services has been selected to provide derivative clearing services to Arca Fondi SGR. Arca Fondi is one of the leading asset management companies in Italy with 100 distribution agencies, 8,000 branches and a large network of financial promoters and online channels. BNP Paribas...
Citi reports securities services revenue up 3 percent


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