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
The three main insurers in South Korea's $55 billion insurance market are facing growing from local firms acquired by foreign buyers such as ING Group, Prudential and MetLife, according to a Reuters report. The foreign players claim a 32.1 per
ABN AMRO has become a General Clearing Member of the Italian Derivatives Market (IDEM). The IDEM membership means that ABN AMRO will now be able to provide direct clearing capability coupled with execution services ranging from electronic self execution to
Telekurs has begun to sell its Valordata Feed (VDF) to financial institutions in the US directly. The company says the move will not affect customers and users of Telekurs market data contracted and licensed through US distributors and sales agents.
UK charity fund returns were fairly modest during the second quarter, returning 1.4 per cent. Among asset classes, equities returned 1.8 per cent, outperforming the 1 per cent loss for bonds and a 1 per cent gain for cash during
UK pooled balanced pension funds continued to make small gains in the second quarter of 2004, achieving a median return of 0.7% (1.1% in quarter one). But, during the quarter, positive overall equity returns were offset by negative returns in
ING has sold CenE Bankiers to Bank Van Lanschot for an undisclosed sum. The transaction will complete in October this year. ING said in a statement that CenE Bankiers, which employs 400 people, contributed Euros 28 million ($34.68 million) to
J.P. Morgan Chase reported a quarterly loss yesterday after setting aside an additional $2.3 billion for legal costs related to the WorldCom, Enron and other scandals. It also approved a $6 billion stock repurchase program. The New York based bank,
A new investment consulting and advisory firm came into being in the United States today. Its founders say it is being established to "avoid the risks and biases present in many segments of the institutional investment consulting industry." Investment consulting
State Street's Investor Confidence Index has fallen again for the sixth time in the last seven months. According to the July index, investor confidence declined by 1.2 points to 84.3 from June's revised reading of 85.5. This month the index