Stock Lending News
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Barclays Plc is reaping the benefit of ex-Chief Executive Officer Robert Diamond’s decision to buy Lehman Brothers Holdings Inc.’s North American unit, as the division helped to push equities revenue up 19 percent.
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The U.S. Securities and Exchange Commission sued Argyll Investments LLC and two of its executives over claims they defrauded officers and directors at public companies in an $8 million stock-lending scheme.
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Markit Group Ltd. bought Data Explorers, which collects and sells information on securities lending, from private-equity firm Bowmark Capital LLP.
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NYSE Euronext, the U.S. exchange company trying to combine with Deutsche Boerse AG, is closing its SecFinex Ltd. securities lending unit as markets falter and banks and companies seek to cut expenses.
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Bank of New York Mellon Corp. filed a court petition seeking approval of an $8.5 billion settlement with Bank of America Corp. over residential mortgage- securitization trusts.
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Speculators are abandoning money- losing bets that stocks with the closest links to the U.S. economy will fall as America’s most-hated shares stage the best rally in a year relative to the broader market.
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The biggest Standard & Poor’s 500 Index rally in more than five decades is forcing stock market bears to abandon short sales , cutting them to the lowest level since 2007 last month.
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Bearish bets against the Standard & Poor’s 500 Index rose to a nine-month high as short sellers increased speculation stocks may decline amid concerns over the strength of global economic growth.
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Ally Financial Inc., the auto and home lender that got a $17.2 billion bailout, said it received subpoenas from the U.S. Department of Justice and the U.S. Securities and Exchange Commission relating to how it handled home loans.
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Coca-Cola Hellenic Bottling Co. SA’s decision to leave its home equity market in Athens for London increases the chance that Greece will be demoted to an emerging market next year, MSCI Inc. said.
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