Thomas P. DiNapoli, the comptroller for the state of New York, is challenging the portfolio companies of the New York State Common Retirement Fund on several diversity, equity, and inclusion (DEI) fronts via a series of shareholder proposals and related initiatives. The New York State Common Retirement Fund (the Fund) was valued at $242.3 billion… Read More >>
FTF & the VX Launch the FTF Research Institute!
FTF officially launched the FTF News service on Valentine’s Day 2011, and I’m happy to say that 12 years later, we are still going strong. Perhaps for the sake of inviting good luck, on Valentine’s Day 2023, FTF and the ValueExchange (the VX) officially launched the FTF Research Institute, formed through a new partnership with… Read More >>
Northern Trust Consolidates Firefighter Pension Funds & Other News
300 Pension Funds Rolled into FPIF Northern Trust played a key role in a pension consolidation project that pulled together the assets of 300 firefighter pension funds across Chicago and other parts of Illinois and led to the creation of the Illinois Firefighters’ Pension Investment Fund (FPIF), officials say. The Northern Trust Transition Management team… Read More >>
ION Cleared Derivatives Reels from Ransomware Attack
ION Cleared Derivatives suffered “a cybersecurity event” on Jan. 31, 2023, that set off an ongoing crisis for the global processing of cleared derivative instruments. The cyber-and-ransomware attack has gotten the attention of the CFTC, and the Futures Industry Association (FIA) and is likely to take days to resolve, according to media reports and officials…. Read More >>
Did Genesis Global Capital & Gemini Trust Break the Law?
Crypto has faced some tough times lately, though the kids who are among its most fervent boosters keep insisting that the value of their shiny coins will rebound in 2023. Like, for sure. Faster than you can say Winklevoss! Good times for us and the brothers must be right around the corner, right? Well, it… Read More >>
Court Approves the Sale of FTX’s Businesses
The debtors of the bankrupt crypto exchange FTX recently won the right legally to sell off key businesses via the U.S. Bankruptcy Court for the District of Delaware, which has set up a schedule for the bidding, auctioning, and sales hearing processes. FTX filed for Chapter 11 bankruptcy in November 2022 and its affiliated debtors… Read More >>
Nominations Are Open for the 2023 FTF Awards!
We are thrilled to launch the nomination process for the 2023 FTF News Technology Innovation Awards — an industry-wide competition now in its 13th year — presented by Financial Technologies Forum (FTF) and the FTF News service. In addition to our classic securities operations and related categories, we have four new categories that reflect industry… Read More >>
Reporter’s Notebook: Is SBF a Gen X Madoff?
Is Sam Bankman-Fried (a.k.a. SBF) the Gen X Bernie Madoff? Or maybe he’s the Hairball-Grinch who stole Christmas? Of course, we won’t know for sure that he’s allegedly a con artist and a crook of epic proportions until he’s had his day in court. Maybe he’s just a kid who believed his own hype and… Read More >>
Looking Back at Our Content for 2022
First, we at FTF & FTF News are hoping that you are enjoying or are about to enjoy a great and well-deserved holiday break. FTF, too, is taking a break for a week between Christmas and New Year’s Day. We will not leave you hanging, though. We have lined up special alerts for you —… Read More >>
War & Inflation Are Top Risks for 2023: Survey
Traditionally, the approach of a new year means it’s time to dust off the crystal ball. The FTF News proprietary orb is in the shop for some well-earned polishing, but never fear. There is no better prognosticator than the Depository Trust & Clearing Corp. (DTCC), which has unveiled its annual Systemic Risk Barometer Survey: 2023 Risk… Read More >>
