The Ministry of Finance in Greece has assured the Hellenic Bankers Association that the problem some foreign investors face in reclaiming withholding tax their claims were rejected due to the expiration of the time limit will be resolved through a
Bank of Tokyo Mitsubishi said it had received today a request from the management of UFJ Holdings to merge the two banks. Bank of Tokyo Mitsubishi said it would take the request "seriously."
Russell's family of 21 US indexes continues to rank as the most widely used set of performance benchmarks among institutional investment products, which include funds used by corporate pension plans and other institutional investment organizations. A new survey measuring market
Penson Worldwide, the Dallas based broker dealer and wealth management clearing company, has acquired California based Nexa Technologies, a provider of direct access retail brokerage services. Penson also announced the appointment of Eric Stoop, President, Nexa Technologies, as President, Integrated
ING BNY Securities Services, the commercial alliance between ING Group and The Bank of New York, has been chosen by Hamburg Mannheimer N.V., Belgium to provide global custody services for the German life insurer's Euro 900 million assets worldwide. Eric
The Japanese regulator, the Financial Services Agency (FSA), has issued proposals designed to strengthen its surveillance of the securities industry. According to a report in Nihon Keizai Shimbun on Thursday, the FSA wants to beef up the surveillance systems of
Foreign investors owned 21.8% of Japanese stocks at the end of March 2004, according to data released by the Tokyo Stock Exchange and the Ministry of Finance. This ratio is up 4.1 percentage points year on year. The foreign ownership
ABN AMRO has been awarded a mandate by FirstRand Bank for third and fourth party CLS services in South Africa. The mandate covers FirstRand's operations in South Africa as well as its African subsidiaries and will see FirstRand becoming one
Bidders for South Korea's SK Life Insurance Co. offered about 400 billion won ($346 million) to buy the insurer, Maeil Business Newspaper reported yesterday. The newspaper said MetLife, HSBC and Manulife Financial were likely to be picked as preferred bidders.
Britain's pension market will grow 40 percent to nearly Euros 115 billion (75 billions) in the next four years, as people move to supplement their state pensions and tax advantages increase. Britain accounts for 30 percent of the total market