Primary dealers

Citizens Financial Group to Present at the Morgan Stanley Financials Conference

Friday, May 29, 2020 - 9:23pm

Citizens Financial Group, Inc. (NYSE: CFG) announced today that Head of Consumer Banking Brendan Coughlin will present at the Morgan Stanley Financials Conference to be held virtually on Tuesday, June 9, 2020 at 8:00 am ET.

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) announced today that Head of Consumer Banking Brendan Coughlin will present at the Morgan Stanley Financials Conference to be held virtually on Tuesday, June 9, 2020 at 8:00 am ET.
  • Citizens Financial Group, Inc. is one of the nations oldest and largest financial institutions, with $176.7 billion in assets as of March 31, 2020.
  • Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions.
  • Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings.

Barclays Investment Bank appoints Alex Lynch as Chairman of Banking

Friday, May 29, 2020 - 3:20pm

Barclays today announces the appointment of Alex Lynch to the role of Chairman of Banking within its Investment Bank.

Key Points: 
  • Barclays today announces the appointment of Alex Lynch to the role of Chairman of Banking within its Investment Bank.
  • Prior to that, he spent 15 years at J.P. Morgan, where he served as a Global Chairman of J.P. Morgans Investment Bank.
  • Alongside Grant Porter, Mr. Lynch will be one of two Chairman in Banking to report directly to Mr.
  • Barclays offers investment banking products and services in the US through Barclays Capital Inc.
    View source version on businesswire.com: https://www.businesswire.com/news/home/20200529005419/en/

Morgan Stanley Provides $10 Million Investment For New York Forward Loan Fund

Friday, May 29, 2020 - 2:00pm

Morgan Stanley today announced it will make an investment of $10 million to support the New York Forward Loan Fund , part of Governor Andrew M. Cuomos initiative to reinvigorate New Yorks small businesses and critical non-profits.

Key Points: 
  • Morgan Stanley today announced it will make an investment of $10 million to support the New York Forward Loan Fund , part of Governor Andrew M. Cuomos initiative to reinvigorate New Yorks small businesses and critical non-profits.
  • Morgan Stanley is deeply committed to supporting our communities across New York State, said Thomas R. Nides, Vice Chairman of Morgan Stanley.
  • Participating in Governor Cuomos New York Forward Loan Fund is an essential means of aiding the States small businesses and non-profits that are the backbone of local economies.
  • Morgan Stanley (NYSE: MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services.

HSBC Bank Partners With RateReset to Deliver Award-Winning Digital Mortgage Solution

Thursday, May 28, 2020 - 2:00pm

The platform, branded EasyReset for HSBC, allows the bank to reset existing Adjustable Rate Mortgage (ARM) loans with the click of a button.

Key Points: 
  • The platform, branded EasyReset for HSBC, allows the bank to reset existing Adjustable Rate Mortgage (ARM) loans with the click of a button.
  • Keith Kelly, Co-founder and CEO of RateReset, added, We are pleased to provide our award-winning digital solutions to HSBC.
  • HSBC Bank USA, National Association (HSBC Bank USA, N.A.)
  • is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Bank USA, N.A.

J.P. Morgan Asset Management partners with Calastone to power Money Market Funds

Wednesday, May 27, 2020 - 6:34pm

NEW YORK and LONDON, May 27, 2020 /PRNewswire/ -- J.P. Morgan Asset Management has partnered with Calastone, the largest global funds network, to introduce new levels of automation to money market funds via its "Morgan Money" trading platform.

Key Points: 
  • NEW YORK and LONDON, May 27, 2020 /PRNewswire/ -- J.P. Morgan Asset Management has partnered with Calastone, the largest global funds network, to introduce new levels of automation to money market funds via its "Morgan Money" trading platform.
  • www.jpmgloballiquidity.com
    J.P. Morgan Asset Management, with assets under management of $1.9 trillion (as of March 31, 2020), is a global leader in investment management.
  • J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.
  • J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. (NYSE: JPM), and its affiliates worldwide.

Morgan Stanley to Launch Nation’s First Advisory 529 Plan; North Carolina to Be Sponsor

Wednesday, May 27, 2020 - 1:00pm

Morgan Stanley announced today the Firm will launch the Morgan Stanley National Advisory 529 Plan, the industrys first advisory 529 Plan, which strategically aligns with the Firms goals-based investing approach to help families save and invest for future education expenses.

Key Points: 
  • Morgan Stanley announced today the Firm will launch the Morgan Stanley National Advisory 529 Plan, the industrys first advisory 529 Plan, which strategically aligns with the Firms goals-based investing approach to help families save and invest for future education expenses.
  • Morgan Stanley has contracted with the North Carolina State Education Assistance Authority (NCSEAA) to sponsor the Plan.
  • The Morgan Stanley National Advisory 529 Plan will be offered exclusively through Morgan Stanley Wealth Management Financial Advisors to their clients in North Carolina and nationally, and is expected to be available in the Fall.
  • Morgan Stanley will serve as the plan administrator, distributor and investment manager of the Morgan Stanley National Advisory 529 Plan, leveraging the existing advisory platform infrastructure, investment process, and model portfolios as well as the expertise of Morgan Stanleys Global Investment Committee.

Tourmaline Partners Adds Three Senior Executives Amid Continued Growth

Wednesday, May 27, 2020 - 1:00pm

STAMFORD, CT, May 27, 2020 (GLOBE NEWSWIRE) -- Tourmaline Partners, LLC, one of the world's leading outsourced trading solutions firms, today announced the hires of three senior professionals.

Key Points: 
  • STAMFORD, CT, May 27, 2020 (GLOBE NEWSWIRE) -- Tourmaline Partners, LLC, one of the world's leading outsourced trading solutions firms, today announced the hires of three senior professionals.
  • In recent years, Tourmaline has achieved considerable growth as more buy-side firms become aware of the advantages of outsourcing all or part of their trading operations to a specialist provider.
  • Goodman has also held senior positions at Bank of America Merrill Lynch, Citigroup, George Weiss Associates and Millennium Partners.
  • Tourmaline is the recognized standard-bearer in the field, and I am excited to be moving into not only a growth industry, but the leader in that growth industry.

Relativity Trace and Intelligent Voice Announce Partnership with Daiwa Capital Markets Europe

Wednesday, May 27, 2020 - 12:00pm

LONDON and CHICAGO, May 27, 2020 /PRNewswire/ -- Relativity Trace , a proactive communication surveillance application, and Intelligent Voice today announced that Daiwa Capital Markets Europe Limited (DCME) has agreed to utilize the combined two offerings as the company's new communication surveillance solution.

Key Points: 
  • LONDON and CHICAGO, May 27, 2020 /PRNewswire/ -- Relativity Trace , a proactive communication surveillance application, and Intelligent Voice today announced that Daiwa Capital Markets Europe Limited (DCME) has agreed to utilize the combined two offerings as the company's new communication surveillance solution.
  • During the proof of concept (POC), DCME utilized Relativity Trace in the U.K. to monitor electronic communications (e-comms) as well as voice from both landlines and mobile phones, leveraging its native integration with Intelligent Voice .
  • We are pleased to partner with Relativity and Intelligent Voice and look forward to a productive relationship."
  • Daiwa Capital Markets Europe Limited is the wholly owned investment banking subsidiary of Daiwa Securities Group Inc., one of the largest brokerage and financial services groups in Japan.

CoStar Group, Inc. Announces Exercise of Underwriters' Option to Purchase an Additional 343,511 Shares of Common Stock

Wednesday, May 27, 2020 - 1:25am

CoStar Group, Inc. (Nasdaq: CSGP) (CoStar) today announced that the underwriters have exercised their option to purchase an additional 343,511 shares of CoStars common stock at $655.00 per share, in addition to the 2,290,076 shares of CoStar common stock, which were purchased on May 20, 2020.

Key Points: 
  • CoStar Group, Inc. (Nasdaq: CSGP) (CoStar) today announced that the underwriters have exercised their option to purchase an additional 343,511 shares of CoStars common stock at $655.00 per share, in addition to the 2,290,076 shares of CoStar common stock, which were purchased on May 20, 2020.
  • Goldman Sachs & Co. LLC, J.P. Morgan, BofA Securities and Citigroup are acting as joint book-running managers for the offering.
  • The sale of the overallotment shares is expected to close on March 28, 2020, subject to customary closing conditions.
  • The shares are being offered pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission ( SEC ).

Schwab Completes Asset Acquisition of USAA’s Investment Management Company

Tuesday, May 26, 2020 - 9:15pm

The Charles Schwab Corporation announced today that it has completed its acquisition of the assets of USAAs Investment Management Company and has transitioned the underlying brokerage and managed portfolio accounts to Schwab.

Key Points: 
  • The Charles Schwab Corporation announced today that it has completed its acquisition of the assets of USAAs Investment Management Company and has transitioned the underlying brokerage and managed portfolio accounts to Schwab.
  • As announced in July 2019, the companies have also entered into a long-term referral agreement that makes Schwab the exclusive provider of wealth management and investment brokerage services for USAA members.
  • It also provides Schwab an opportunity to serve USAA members as their exclusive provider of wealth management and investment brokerage services, through the long-term referral agreement.
  • Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors.