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BlackRock names new head of European credit trading

The TRADE

Dean Catton has been selected to take the helm for the asset manager’s European credit business after spending the last two years as its head of European leveraged finance trading for its alternatives business. Catton joined BlackRock in 2021 from Banco Santander where he had been a credit trader for four and a half years.

Trading 52
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LSEG sees double-digit growth across post-trade as exchange continues to reap benefits of acquisition push

The TRADE

LSEG moved to expand its capabilities in multi-asset post-trade services with the acquisition of risk management provider, Acadia back in December 2022 as part of its strategy to enhance and grow its multi-asset post-trade offering for the uncleared derivatives space, as Daniel Maguire, group head of post-trade at LSEG, explained at the time.

Trading 113
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UOB goes live as clearing member for LCH

The TRADE

We will also benefit from LCH’s world class risk management solutions and the capital and margin efficiencies that it will enable across our rates and FX clearing activity.” The post UOB goes live as clearing member for LCH appeared first on The TRADE.

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BNY and BlackRock collaborate on front-to-back mandate with AIA

The TRADE

The partnership was then extended in 2021 to give clients greater freedom of choice around middle-office services.

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The Collapse of Silicon Valley Bank: The Start of Great Financial Crisis 2.0?

Mergers and Inquisitions

SVB’s deposits grew from ~$62 billion at the end of 2019 to $173 billion at the end of 2022, and its loan-to-deposit ratio went completely out of whack: Tech startups were flush with cash due to a ridiculous fundraising environment in 2020 – 2021, and they put the money they raised in the bank. to back them.

Banking 123
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UBS hit with $387 million in combined penalties from European and US regulators for Credit Suisse Archegos failures

The TRADE

The PRA specifically cited “significant failures in risk management and governance between 1 January 2020 and 31 March 2021, in connection with the Firms’ exposures to Archegos Capital Management”. The £87 million penalty issued by the PRA is a new record for the watchdog – despite it being reduced by 30% from £124.4

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Cybersecurity Mergers and Acquisitions Update, Q3 2024

Solganick & Co.

Here is a summary of the report: M&A transaction activity for cybersecurity companies in Q3 2024 improved over the previous quarter but declined from the prior year and remained below levels in 2021 and 2022. Data Protection, Risk Management, and Infrastructure were other key sub-sectors of M&A activity.