Archive - Oct 21, 2009

• Asian currencies fell on concern emerging-market central banks will follow Brazil in taxing investment from overseas to temper currency gains.
• Asian stocks fall on commodities, US housing data; Treasuries and Dollar advances.
• Bank of England Governor suggests splitting up largest banks to stem risk.
• China's 'growth on steroids' risks next slowdown as lending binge subsides.
• Hong Kong may end mortgage insurance for investment properties.
• Housing Starts, Wholesale Prices signal low rates to ensure US recovery.

As pension plans face mounting financial strains, they will be scrutinizing every relationship, including the ones with their big custodial banks. If there is any truth to these allegations, State Street will see many of their pension clients switching to another custodial bank.