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TECH 22 Dec 2016 | 6:00 AM

State Street tests blockchain system for securities lending

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.

Technology 25 Oct 2016 | 4:33 AM

US banking group forms unit aimed at reducing cyber risk

The Financial Services Information Sharing and Analysis Centre said it had formed a unit to enhance collaboration among its members and the US government as a way to help reduce cyber security threats to the financial system.

TECH 25 Mar 2016 | 11:02 AM

Starboard launches proxy fight to remove entire Yahoo board

Activist hedge fund Starboard Value LP moved on March 24 to overthrow the entire board of Yahoo Inc, including Chief Executive Marissa Mayer, who has struggled to turn around the company in her nearly four years at the helm.

Technology 16 Mar 2016 | 4:48 AM

US banks make cool technology, realise it can be sold

Big Wall Street banks, after spending massive amounts of money and time to get their old, creaking systems in better shape, are now trying to sell technology they've developed in-house to other companies.