Shares in UK bank Abbey National jumped to a three month high yesterday as rumours that it is a takeover target for Lloyds TSB revived. Lloyds has urged the UK government to relax rules on domestic banking mergers, arguing foreign
Manufacturing industry in Central and Eastern Europe (CEE) has been experiencing a strong upward trend since the beginning of 2004 and has thus become the engine of economic growth in the region. Economists at Bank Austria Creditanstalt (BA CA) expect
JPMorgan has been appointed depositary bank by Cable and Wireless for its American Depositary Receipt (ADR) programme. JPMorgan claims 40% of the ADR market's capitalisation and currently has 20 ADR clients in the UK. "An increasing number of FTSE 100
EFG Eurobank Ergasias, Eureko, parent company of Interamerican, and Novabank have agreed to cquire 100% of Intertrust Mutual Fund Management Company. a Greek fund manager. The completion of the transaction is subject to due diligence and approvals from all competent
Mellon Financial Corporation has opened its new European headquarters at Blackfriars, London. HRH The Princess Royal will open the new offices officially on Thursday, 10 June 2004. Mellon Financial Centre, located at 160 Queen Victoria Street, will be the new
Bank BPH, the Polish subsidiary of Bank Austria Creditanstalt (BA CA), will expand its branch network from 475 offices to about 555 branches. This decision was made by the Supervisory Board of Bank BPH on 4 June. "We will open
ING Investment Management confirmed that it is co operating with an investigation by the Independent Commission Against Corruption (ICAC) into the trading of stocks listed on the Hong Kong Stock Exchange. The ICAC today brought charges against a former ING
JP Morgan says it is looking to hire up to 10 analysts in mainland China this year to assist its drive into the local capital markets. The bank is already moving researchers from Singapore and Hong Kong to Shanghai as
Northern Trust has secured the mandate to provide custody and performance measurement services to the London Borough of Lewisham's 505 million pension fund. "We are committed to providing the highest standards of service and delivery to our members and co
The Japanese parliament has passed a revised Securities and Exchange Law, making it possible for banks to engage in securities agency services from 1 December this year. The revised law was proposed by the Japanese regulator, the Financial Services Agency