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Custody, clearing etc

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

Citigroup has reported that securities services revenues increased by 3 percent in the second quarter of the year to US$682 million on a reported basis and 7 percent in constant dollars. This reflected higher rates, as well as an increase in client activity, it says. Overall, the US giant posted net...
Funds SA appoints Northern Trust

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