Barclays has announced record results for the first half of 2004. The results included strong performances from Barclays Capital, the investment banking division, and Barclays Global Investors (BGI).Together, Barclays Capital and BGI represented 31% of the Barclays total profit before
Bank Austria Creditanstalt (BACA) says it had a good first half. Net income after taxes and minority interests was up by 39.9 per cent to EUR 283 million (first half of 2003 EUR 202 million). The return on equity use
Westpac warned today that the Australian Taxation Office (ATO) appears to have changed its policy on tax withheld on payments of non dividend and non interest income to non Australian residents. Discussions between Australian custodians and the ATO have revealed
Russell Mellon says that Evli Asset Management has decided to use AMI to market its services to a global audience. Evli is the first asset manager in Finland to sign up to the AMI database. Commenting on this decision, Evli
In its interim results for the 6 months ended 30 June 2004, Aviva reported strong growth in achieved operating profits, which were up 37% to £1,130 million. The company says it had good life assaurance results in testing market conditions.
Union Bank of California has completed the acquisition of the trust and recordkeeping business portfolio of California based CNA Trust Company (CNAT), a provider of retirement plan trust and outsourcing services to the institutional marketplace. The agreement to acquire CNAT's
Financial institutions must monitor risks and ensure compliance with regulators when they outsource parts of their business to third parties, the Bank for International Settlements (BIS) said yesterday. In a paper published on its website, the BIS said banks, brokers
The Greek Parliament yesterday voted in favour of an amendment allowing non residents to apply for tax reclamation for Greek Government Bonds until 31 December 2004. The amendment, which was approved by both PASOK and New Democracy members of parliament,
Nihon Keizai Shimbun (Nikkei) is to introduce a new, free float adjusted stock index (provisionally named The Nikkei 1000) next spring. The Nikkei 1000 will track market capitalization based on the value of floating shares in 1,000 listed firms. The
Brown Brothers Harriman has launched a trio of new and improved information services that use data drawn from its sub custodian network. QuickIntelliViews aims to provide answers to the most frequently asked market intelligence questions in a concise, user friendly