News
(Best Execution)
Following the 2022 BCBS-CPMI-IOSCO review of margining practices, and recent reports on stress in commodities markets, the FSB has published a consultation report listing eight proposed policy recommendations for the enhancement of liquidity risk management in the non-bank financial intermediation (NBFI) sector.
(Waters Technology)($)
BNY Mellon says it is the first bank to deploy Nvidia’s AI datacenter infrastructure, as it joins an increasing number of Wall Street firms that are embracing AI technologies.
(Financial News)($)
State Street is exploring a possible acquisition of Societe Generale’s custody business as the French lender seeks to streamline its operations, Bloomberg News reported, citing people with knowledge of the matter. Boston-based State Street has discussed terms of a possible purchase of Societe Generale Securities Services, the news agency reported on 17 April.
(Bloomberg)($)
Mimi St Johns couldn’t wait to drop out of Stanford University. The 24-year-old computer science and German double major, former Thiel Capital intern and software engineer had the pedigree to land a coveted role in the upper echelons of Corporate America. But last fall, as the so-called crypto winter started to thaw, she hatched a plan to launch a blockchain company. She dropped out of school, two quarters shy of a degree, in January and decamped to Miami to go into into stealth mode for her startup, Verbum Labs.
(WSJ)($)
The maker of the popular stock-trading app Webull is facing a multistate inquiry over its ties to China. Fourteen states are seeking information on Webull’s measures to protect sensitive investor data from the Chinese Communist Party, according to a letter posted Tuesday by Indiana attorney general Todd Rokita, whose office is leading the inquiry.
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