Clearinghouses/custodians

Clear Street is bringing on a market maker as a strategic investor as it expands its product set.

The bank's Pershing unit is using fingerprint and facial recognition technology on Apple devices to protect user access to its desktop software.

The custody bank has deployed more than 300 bots and is using artificial intelligence throughout the organization.

Increased adoption of The Clearing House’s faster payments system could put pressure on community banks and credit unions awaiting the launch of the Fed’s competing service, FedNow.

Five agencies issued a final rule that established swamp margin requirements with restrictions on certain qualified financial contracts.

The custody bank benefited from a wide range of economic forces in the first quarter.

The Japanese cryptocurrency exchange Coincheck says roughly $400 million of the digital currency NEM was stolen. If banks and others are to invest in the digital-asset industry, it will have to do better.

The startup is betting that a venture offering safe storage of digital assets will entice billions from banks and other institutional investors.

Some proponents of repealing crisis-era regulatory reforms argue that higher capital levels offer better protection. More capital is good, but it alone won’t solve every problem.

Bank of New York basically controls the market for clearing Treasuries and repos after Chase withdraws; compliance pushed back to July 1, 2019.