The South Korean government has named preferred bidders for two state owned asset managers on Wednesday, including a group involving billionaire hedge fund financier George Soros. For the potential buyers of the firms, which analysts have estimated to be worth
Citigroup is to move 1,600 technology jobs out of Manhattan to Warren Township, New Jersey, New York Mayor Michael Bloomberg confirmed on Tuesday. In addition, the bank will hire another 650 employees over the next two years to work at
Mellon GSS has been awarded a contract to support TIAA CREF's new institutional asset management unit. Mellon will provide the unit with middle and back office outsourcing, accounting and custody, while its affiliate, Russell Mellon, will supply performance measurement and
A survey of the market shares of primary dealers in the Hungarian government bond market by the Hungarian Debt Management Agency (AKK) of activity between July 2003 and June 2004 has put ING Bank Hungary in pole position.
JPMorgan has reached an agreement with Societe Generale for the issuance of commercial cards in France, Romania, Poland, Russia and the Czech Republic. Under this agreement, JPMorgan will facilitate Visa and MasterCard commercial payment solutions for its multinational clients operating
UFJ Holdings one of the Big Four in Japan created by the merger of Sanwa Bank and Tokai Bank and Toyo Trust is selling its trust banking businesses to Sumitomo Trust and Banking. It also plans to reorganize its management
JPMorgan Investor Services (JPMIS) says it has been selected by the Merrill Lynch Insurance Group (MLIG) to provide global custody for its general account assets. JPMIS's relationship with MLIG began in October 2002 when JPMIS was selected to provide global
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