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Deutsche Bank is reportedly looking to sell its 222 Broadway building, following a significant loss due to the departure of key tenants. The bank is prepared to accept a hefty loss on the property, which was purchased a decade ago for about $500 million.
Digital utility shown to dramatically lower MiFID data costs Dec 21, 2020 By Funds Europe A digital utility has managed to lower data management costs related to MiFID II by over £100,000 (€110,000) for firms involved in the project. The firms – which include the fund platform Allfunds and asset manager Fidelity International – belong to the Tisa Universal Reporting Network (Turn), which has officially launched. Described as an industry-run utility, Turn’s aim is to ease regulatory reporting requirements of MiFID II and is now available across Europe based on blockchain technology....