Custody

India Set to Adopt Rolling DvP on T +3

Only three or four years ago, investors in India were not confident that their trades would settle at all. Even if they did, investors then had to wait weeks for the transfer to be registered and the cash or stock

Shock Horror: The Biggest Bank in the World is Japanese

KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different

ESF Adopts Communautaire Personality

The European Securities Forum (ESF) has reacted to criticism that it is too Anglo Saxon by agreeing to enlarge its membership to as a press release today puts it "reflect more fully the nationalities of the EU." Loosely translated, this

CIBC Mellon Adds CIBC World Markets Research Material to Workbench

CIBC Mellon is distributing the economic research produced by CIBC World Markets through its Workbench Internet portal. "Our priority is to deliver products and services that benefit our clients," said Tim Dixon, CIBC Mellon senior vice president, relationship management. "The

Computershare and Deutsche Börse in Transfer Agency Deal

Deutsche Brse AG, the leading European exchange and technology organization announced a joint venture with Computershare Ltd. Deutsche Brse and Computershare, the world's largest and only global transfer agency and a leading technology provider for the global securities industry, will

More Bumph From the DTCC

The Depository Trust & Clearing Corporation (DTCC) White Paper production machine has spun again, and spat out another document. This one contains a masterplan to reinvent settlement everywhere and shift the world on to the virtuous path of global STP.

JP Morgan Chase Plunges into Loss in Fourth Quarter

J.P. Morgan Chase & Co. announced fourth quarter 2001 operating earnings per share of $0.12, compared with $0.37 in the fourth quarter of 2000. Operating income was $247 million in the fourth quarter, compared with $763 million one year ago.

State Street Announces Continuous Double-Digit Growth

State Street Corporation announced fourth quarter earnings per share of $0.52, up 16% from $0.45 per share in the fourth quarter of 2000. Total revenue on a taxable equivalent basis was $1.0 billion in the quarter, up $115 million, or

Shares of Northern Trust Drop In Aftermath of Enron Fall

Shares of Northern Trust dropped more than 4% yesterday, after the Chicago based firm noted an 18% drop in quarterly profits following a $45 million provision for credit losses largely related to loans to failed energy trader Enron.