Auerbach Grayson, the New York based securities firm that focuses on international trading for US institutional investors, says firms in Bahrain and Kuwait have joined its international network of broker partners. The firms, TAIB Securities WLL of Bahrain and Global
The Bank of New York has introduced a new remote cheque deposit service that allows clients to scan cheque deposits in their offices and electronically transmit cheque images and related information to The Bank of New York, with the aim
General Electric Co. has sold a majority of its Indian back office unit to exit a non core business and help the fast growing unit gain new customers. GE sold 60% of GE Capital International Services (GECIS) for about $500
In four years time, call center numbers in the Republic of South Africa will be double those of today while the number of offshore agent positions (AP) is expected to quadruple. The reason for the anticipated boom in South Africa
The European Union is set to roll out new rules in 2005 that would curb malpractice techniques practiced by insurance brokers, such as financial ties with a particular firm. The rules set strict requirements for insurance brokers, including the obligation
Russell Investment Group will begin seeking multiple exchange listings of options based on its family of 21 U.S. equity indexes beginning January 1, 2005. At the start of the year, options exchanges that have obtained a license from Russell will
The Bank of New York has appointed Tom Casteleyn a former Capco consultant to manage its relationship with ING. The relationship between ING and the American bank which formed a commercial alliance with the Belgo Dutch bancassurer two years ago
A US federal judge has approved Citigroup's $2.6 billion settlement with WorldCom Inc. investors who lost billions when an accounting scandal plunged the telecommunications company into Chapter 11. With the settlement approved, Citigroup has resolved one of the biggest class
Credit Suisse Group is still exploring all options for its Winterthur insurance unit, which it has said is no longer part of its core business even though it has become a major contributor to group earnings, according to a Reuters
WM Performance Services has released the results of the WM Performance Services Swiss Balanced Universe for the third quarter of 2004. The median manager in the Swiss Balanced Universe returned 0.1% for the quarter, up from 1.1% in the previous