Custody

GE Looking To Buy Retail Banks In Eastern Europe And Asia

General Electric (GE) is planning plans a major expansion of its retail banking business in emerging European and Asian markets, with a view to competing with Citigroup, not only in credit cards and European consumer lending, but such as checking

State Street Investor Confidence Index Picks Up In August

The monthly Investor Confidence Index published by State Street has picked up the most significant rise in confidence so far this year. The State Street Investor Confidence Index for August 2004 increased by 2.4 points from July's revised reading of

Liberty Mutual Buys Insurance Company In Chile From AGF Allianz

Liberty Mutual Group (LMG) has bought the insurance operations of AGF Allianz Chile S.A. The buyer will rename the company Liberty Seguros, and offer a full range of property and casualty products for commercial and personal customers. The companies have

FSA Relaxes Capital Pressure On UK Life Assurance Companies

The Financial Services Authority (FSA), the UK regulator, is relaxing its insistence that life assurance companies publish target ranges for bonus payments from with profits policies. Payouts from the with profits policies have plummeted in recent year, amid weak markets

AIB Exits The Irish Sub-Custody Business

AIB BNY Trust Company Ltd, the sub custody joint venture between Allied Irish Bank and Bank of New York, is being wound up. "We have made the decision to centralize the custody for Irish equities in our global network within

Indian Outsourcing Company ICICI Raises Fresh Capital

ICICI OneSource Ltd, one of India's leading business process outsourcing (BPO) companies, has signed definitive agreements with Temasek Holdings of Singapore and WestBridge Capital for raising fresh capital to fund its growth. This marks Temasek's first investment in the Indian