Revenue from equities sales and trading fell to €537 million from Q2 2016, a drop that Deutsche Bank blamed on declining prime finance revenues, although it’s unclear by how much they decreased
State Street earned securities finance revenue of $179 million in Q2 thanks to a boost at the bank in enhanced custody, as its assets under custody and administration exceeded $31 trillion for the first time
Standard Chartered has appointed Ryan Cuthbertson as head of product management, custody and clearing in the securities services and transaction banking business
The hedge fund industry has recorded one of its strongest H1 performance periods since the financial crisis, according to data and intelligence provider Preqin
Anthony Scaramucci, who appeared as keynote speaker at last year’s RMA securities lending conference in Florida, has been appointed as the White House communications director