Europe's T+1 Shift Projected to Be Costlier Than US Transition

Europe's transition to a faster settlement regime will likely be more expensive than in the US, as the region's complex market infrastructure requires larger teams to steer the process.
The shift to what's known as T+1 is estimated to cost $36 million for large European custodians, according to a report by Firebrand Research. That compares to a $13 million average cost similar firms incurred around the North American transition, it said.

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DDB Worldwide Named Cannes Lions 2025 Network of the Year for the Second Time in Two Years

Omnicom Network Achieves Record Number of Wins in 76-Year History Under Recently Appointed Global Leadership CANNES, France, June 20, 2025 /CNW/ -- DDB Worldwide, part of Omnicom, has once again claimed the prestigious title of Network of the Year at the 2025 Cannes Lions International Festival of Creativity. This marks the second time the network has secured the honor, following its historic first win in 2023. In a record-breaking year, DDB surpassed its 2023 award tally with a total of 112 Lions, further cementing its place at the forefront of the global creative industry. DDB's continued rise comes just one year into the leadership of Global CEO Alex Lubar and President & Global Chief Creative Officer, Chaka Sobhani. Since taking the reins, the duo has steered the network into a new era; one defined by tighter integration, emotionally-led creativity, and a sharpened focus on work that delivers both cultural impact and real business results. 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Forget chocolate! The world now envies Switzerland's zero interest rates

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USA Today

2 hours ago

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AT&T to pay $177 million in data breach settlement affecting 109 million customers

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