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NEW YORK: Citigroup Inc and State Street Corp have been exploring ways in which they might impose limits on the use of short-term treasury bills due in the coming weeks as collateral, the Wall Street Journal reported, citing people familiar with the matter.
State Street Corp has tested a blockchain system that it hopes can be used to streamline the securities lending process as the financial industry accelerates efforts to adopt the emerging technology.
NEW YORK: The Biggest U.S. banks will stop buying back their own shares, and will instead use that capital to lend to individuals and businesses affected by the coronavirus, an industry trade group said on Sunday.
PARIS: Atos SE agreed to buy Syntel Inc in a US$3.4bil cash deal to boost the French computer-services provider’s US access, to customers including financials like American Express Co and State Street Corp.
NEW YORK (AP) - The U.S.'s financial power center has shifted from Wall Street to Washington.
NEW YORK (AP): Investors shuttled between optimism and pessimism Wednesday, finally betting that the government might help the economy out of recession after all.