Clearinghouses/custodians

In an interview with American Banker, Belshe, who leads the world's largest independent cryptocurrency custodian, talked about regulatory changes under the new administration and his hopes for a digital asset market structure.

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.

In times of economic stress, customers tend to flood the U.S. banking system with deposits. But the leverage ratio penalizes banks for conducting this core banking function.

It’s not speed, which will steadily if not exponentially increase in the near term. It’s the centralists that are holding onto their roles as reconcilers of data.

The custody bank also won $109 billion worth of new asset-servicing business in the quarter, which pushed assets under custody to over $30 trillion.

JPM snatches $1 trillion custodian business from long-time holder State Street; Harvard will lay off half of the employees managing its $35.7 billion endowment.

Northern Trust’s fourth-quarter profit surged due to higher trust fees, improved credit quality and the benefit accrued to its profit margin from an increase in short-term interest rates.