Custody, clearing etc

State Street has today announced its second quarter results.

Highlights include: 2Q17 GAAP-Basis revenue and fee revenue up 9 percent compared to 2Q16, reflecting higher equity markets and new client business momentum 2Q17 GAAP-basis pre-tax margin of 27.6 percent and fee operating leverage of -32 basis points, tempered by restructuring costs of US$0.11 per...
Peru becomes Euroclearable

Euroclear Bank and the Peruvian Ministry of Economy and Finance say they have launched a domestic link to enable international investors to easily invest in Peruvian local government bonds. A domestic government bond of over US$3 billion has been made available to domestic and international...
Northern Trust the chosen one

GuideStone Funds, a specialist Texas-based asset manager and financial advisor, has chosen Northern Trust to provide global custody services, fund accounting and fund administration, according to industry sources. GuideStone Funds is a subsidiary of GuideStone Financial Resources, a financial...
Rothschild chooses Clearstream

Edmond de Rothschild, an independent, family-controlled financial group focused on Asset Management and Private Banking, has chosen Clearstream as a strategic partner to streamline and consolidate its third-party fund processing activities. Clearstream says that its investment funds processing...
BNY Mellon reports earnings up


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