Custody

ETFs Up Ten-Fold in Value Says Euronext

The European market in Exchange Traded Funds (ETFs) has grown rapidly in the last year. Or so says a study by Euronext, which is vying with the London Stock Exchange and Deutsche Borse for leadership in this nascent market. ETFs,

Mellon Chooses Barclays in Uganda

Mellon Financial Corporation today announced that its Mellon Global Securities Services (GSS) group has established the 80th market in its sub custodian network of banks. With the addition of Barclays Bank of Uganda, Mellon GSS becomes the first global custodian

BNY Acquires G-Trade Services Ltd

The Bank of New York announced that its subsidiary, BNY International Financing Corporation, has acquired G Trade Services, Ltd. and other related wholly ownedsubsidiaries of the Credit Lyonnais SA Group. Terms were not disclosed. G Trade Services, a provider of

BNY Completes the Acquisition of Autranet

The Bank of New York announced that it has completed its acquisition of Autranet, Inc., a wholly owned, independently operated agency brokerage subsidiary of Credit Suisse First Boston (USA), Inc. Autranet will become part of The Bank of New York's

BNY Clearing Services LLC Introduces BNY Clearing Compas

Bank of New York demonstrated its continuing faith in a broker dealer out sourcing boom by launching BNY Clearing Compass, a browser based system, which allows brokers to access data and services at BNY. It enables users to move from

Commerzbank Announces 2001 Results

Commerzbank, which lost its commended status in the 2001 Global Custodian agernt bank review, announced results today which were as unhappy as predicted. With prer tax profits of just Euros 37 million, and a restructuring charge of Euros 283 million,

Is Deutsche GSS Safe in The Hands of the Investment Bankers?

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

KAS BANK Reports Bid for its 3.5% Shareholding in Cedel

Deutsche Brse A.G. has announced that it will make a bid for the Cedel International S.A. shares, aiming to acquire 100% of the shares in Clearstream International S.A. Both organisations presently have a 50% shareholding in the joint venture Clearstream.

CIBC Mellon Wins Custody From TD Bank Financial Group

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

JP Morgan Chase To Loose $1bn in Enron Fall

JP Morgan Chase's energy trading business, Mahonia Ltd, which did much of its business with bankrupt Enron and became something of a surrogate bank for Enron could cost JP Morgan as much as $1 billion according to the WSJ.