The deal will add approximately £4 billion in assets under administration and around 454,000 policies to Chesnara’s portfolio. It is expected to complete in early 2026, subject to regulatory approvals. The transaction will be funded through a combination of £55 million in internal cash, a £65 million drawdown from an amended revolving credit facility, and…
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It replaces the former Pink Current Market with what is said to be a more transparent, rules-based tier aimed at improving disclosure and investor confidence. The newly launched market requires companies to meet specific benchmarks, including quarterly and annual financial reporting, management certifications, and up-to-date company profiles. “We’re supporting companies that choose to connect with…
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The deal will see TSB integrated into the Santander UK group, making it the third-largest bank in the UK by personal current account balances. It would also be the fourth largest when it comes to mortgages. Santander said the acquisition values TSB at 5x projected 2026 earnings after synergies and 1.45x tangible book value as…
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The deal marks a strategic move by the global financial services firm to deepen its presence in Latin America and broaden its investment product offering. The proposed acquisition is subject to the negotiation and signing of definitive agreements, regulatory approvals and standard closing conditions. “This transaction aligns with StoneX’s strategy of expanding its global wealth…
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The move is seen as a milestone in post-trade infrastructure harmonisation across Europe. Following the ECMS go-live on 16 June 2025, Clearstream became the only central securities depository (CSD) to offer full tri-party collateral management integration with the European Central Bank’s new platform. The ECMS is said to replace previously fragmented national systems, creating a…
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The deal, which is still subject to regulatory and antitrust approvals as well as negotiations with the Works Council in Germany, will see all custody staff, assets and clients transfer to BNP Paribas. HSBC said a phased transition is expected to begin in early 2026. The custody unit being divested provides domestic custody, clearing and…
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The partnership aims to enhance margin efficiency for clients active in foreign exchange markets. According to a press release, the initiative will allow clients who access FX Futures through Marex and use NatWest’s FX prime brokerage services to benefit from margin offsets. This is expected to reduce collateral requirements while maintaining clients’ preferred trading relationships.…
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The move expands the bank’s wealth management services for high-net-worth and ultra-high-net-worth clients. The transaction will see Burgundy, an independent wealth manager with around $27 billion in assets under management as of May 31, integrated into BMO Wealth Management. Burgundy’s expertise is said to be in its discretionary investment management for private clients, foundations, pensions,…
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The new record comes as market capitalisations in the US continue to rise. As of 2025, DTC’s total assets under custody reached $100.3 trillion, up from $73.5 trillion in 2020 — a 37% increase. Growth was said to be broad-based, with equities climbing 49% to $74.1 trillion and exchange-traded funds doubling to $11 trillion. Money…
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The collaboration is said to enable traders to execute FX spot, non-deliverable forward (NDF), and precious metals trades through their existing workflows without incurring additional fees or investing in new technology. Furthermore, the integration supports both passive and aggressive order types via GUIs, APIs, pre-built algorithms, and risk warehouses, said the firm. Paul Houston, Global…
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