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Morgan Stanley Q2 revenue increases 12% to $10.6bn Morgan Stanley’s net revenues surged 12% to $10.6bn for the second quarter ended 30 June 2018, compared to the $9.5bn reported in the same period last year. Banking Services > Retail Banking > News
Morgan Stanley Q2 revenue increases 12% to $10.6bn By BBR Staff Writer
Morgan Stanley’s net revenues surged 12% to $10.6bn for the second quarter ended 30 June 2018, compared to the $9.5bn reported in the same period last year.
Banking Services > Retail Banking > News Genstar Capital to buy majority interest in Cetera Financial Group By BBR Staff Writer
Genstar Capital has agreed to purchase a majority equity interest in US-based Cetera Financial Group for an undisclosed sum.
News Bank of America Q2 net income surges 33% to $6.8bn Bank of America has reported net income of $6.8bn, an increase of 33%, for the second quarter of 2018, compared to $5.1bn for the same period last year.
Banking Services > Retail Banking > News
Temenos extends contract with Northern Trust to support strategic growth in transfer agency business Temenos, the banking software company, has signed a multi-year deal with global financial services company Northern Trust.
News Citi introduces new payments service for institutional clients By BBR Staff Writer
Citi has introduced new payments service for institutional clients with real-time payments visibility and management.
Banking Services > Payments > News UK’s FCA proposes enhancements to investment platforms By BBR Staff Writer
The UK’s Financial Conduct Authority (FCA) has proposed measures to improve competition in the investment platform market.
Wealth & Assets Management > Asset Management > News

Latest News and Insight by Sector

Banking Services

Morgan Stanley Q2 revenue increases 12% to $10.6bn
By BBR Staff Writer
Morgan Stanley’s net revenues surged 12% to $10.6bn for the second quarter ended 30 June 2018, compared to the $9.5bn reported in the same period last year.
Banking Services > Retail Banking > News
Bank of America Q2 net income surges 33% to $6.8bn
Bank of America has reported net income of $6.8bn, an increase of 33%, for the second quarter of 2018, compared to $5.1bn for the same period last year.
Banking Services > Retail Banking > News

Wealth & Assets Management

UK’s FCA proposes enhancements to investment platforms
By BBR Staff Writer
The UK’s Financial Conduct Authority (FCA) has proposed measures to improve competition in the investment platform market.
Wealth & Assets Management > Asset Management > News
TD Bank to buy Greystone Managed Investments for $603m
By BBR Staff Writer
Canada-based Toronto-Dominion Bank (TD) has agreed to acquire Greystone Capital Management (GCMI), parent firm of institutional asset manager Greystone Managed Investments, for C$792m ($603.20m).
Wealth & Assets Management > Asset Management > News

Intermediaries

Cinnober, BitGo partner to provide solutions to cryptocurrency exchanges
By BBR Staff Writer
Exchange technology provider Cinnober has collaborated with cryptocurrency security specialist BitGo to provide technology solutions to cryptocurrency exchanges.
Intermediaries > ECN & Exchanges > News
Intercontinental Exchange to buy TMC Bonds for $685m
By BBR Staff Writer
Global exchanges operator Intercontinental Exchange (ICE) has agreed to acquire premier fixed income marketplace, TMC Bonds, for $685m in cash.
Intermediaries > ECN & Exchanges > News

Technology

West Texas State Bank to implement Baker Hill’s loan origination platform
West Texas State Bank will deploy Baker Hill’s loan origination software - Baker Hill NextGen Loan Origination to standardize and streamline its consumer, commercial lending processes.
Technology > Banking Technology > News
Jumhouria Bank of Libya selects SmartStream’s Corona solution
Libya’s Jumhouria Bank has signed a deal for SmartStream Technologies’ Corona solution for handling intra-day reconciliations management across cash, cards, branch, central bank and payment transactions.
Technology > Banking Technology > News

Policies & Regulatory Compliance

Australian regulator to lay criminal cartel charges on ANZ, Deutsche Bank, Citigroup
By BBR Staff Writer
The Australian Competition and Consumer Commission (ACCC) is expected to place criminal cartel charges on financial institutions, including ANZ, Deutsche Bank and Citigroup Global Markets Australia.
Policies & Regulatory Compliance > News
SEC imposes additional fraud charges on Centra Tech over fraudulent ICO scheme
By BBR Staff Writer
The US Securities and Exchange Commission (SEC) has imposed additional fraud charges on Centra Tech over allegations related to its $32m initial coin offering (ICO) scheme.
Policies & Regulatory Compliance > News

Risk Management

Accuity buys US firm Safe Banking Systems
By BBR Staff Writer
Accuity, a subsidiary of RELX Group, has acquired US-based Safe Banking Systems (SBS) for an undisclosed sum.
Risk Management > News
IBM, Banca Carige launch $500m JV to focus on banking technologies
By BBR Staff Writer
IBM and Italian bank Banca Carige have launched a $500m joint venture (JV), which will focus on advancing bank’s digital capabilities.
Risk Management > News




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