Higher interest rates, changes in collateral used and other trends can result in higher revenues for institutional investors, such as DB plan sponsors.
Among the 30 North American and European asset managers surveyed, none of the firms with securities lending programs had ended them, and several non-lending managers were considering restarting.
The Securities and Exchange Commission (SEC) has come out with guidance on the timing of new requirements regarding security-based swaps under the Dodd-Frank legislation.
Dinkar Jetley is the new CEO of J.P. Morgan's Worldwide Securities Services (WSS) business.
Citi added socially responsible investment (SRI) solutions to its securities lending cash collateral investment program.
eSecLending, a global securities lending agent, announced that Paul Lynch has joined the firm as Chief Operating Officer, effective April 25.
In testimony at a Senate committee hearing, the Government Accountability Office (GAO) said that 401(k) plan participants can receive part of the profits from securities lending, but would bear all the loss if the market turned sour.
The Senate Special Committee on Aging held a hearing this week titled, "Securities Lending in Retirement Plans: Why the Banks Win, Even When You Lose."
State Street Corp. has reported that the Securities and Exchange Commission (SEC) is continuing its investigation of the Boston-based company’s stock lending program.
Plan sponsors have begun to see securities lending as an investment product with risks and rewards like another other, according to a report from Finadium.
Standard & Poor's Index Services has launched what it says is "the first ever public index series designed to measure the average cost of borrowing U.S. equities."
Northern Trust faces yet another suit over its securities lending program as fiduciaries of Lockheed Martin Corp.'s defined contribution plans filed a lawsuit June 23 in the U.S. District Court for the District of Maryland.
The Keller Rohrback class-action law firm announced Thursday that it is investigating the investment activities of Northern Trust Company (NTC) and Northern Trust Investments (NTI).