BancWest Corporation ("BancWest"), a wholly owned subsidiary of BNP Paribas, has acquired Community First Bankshares ("Community First"), a Nasdaq listed company. BancWest operates through 357 branches in seven Western states, primarily California and Hawaii. BancWest operates under the brands of
Regulators in Taiwan have ruled that foreign investors with shareholdings below 300,000 shares are no longer required to appoint a local agent or representative to attend AGMs and exercise voting rights.
Dutch pension funds were up 10.7 per cent in 2003, says the WM Company, which has released its analysis of Dutch pension fund performance during 2003. As a result of the combination of positive economic news, $350 billion of tax
Northern Trust has bee appointed global custodian by MMA Praxis Mutual Funds. The banks will also provide foreign exchange, securities lending, and transition management services, for five of their funds with a combined total of $415 million in assets. "We
State Street subsidiary WM is to work with Standard & Poor's to provide UK pension fund trustees with independent performance assessment services. Standard & Poor's has developed new services for launch in May 2004, which aim to provide an independent
ABN AMRO Mellon Global Securities Services has won a mandate to provide custody and accounting services to Kvaerner's UK pension plan, representing assets of EUR1.8 billion. Mellon Financial Corporation has been appointed in a similar capacity for Kvaerner's US plan.
Who respects Citigroup? Not investors, it seems. According to Barron's, a financial services group that generated nearly $18 billion in net revenue in 2003 trades at a lower multiple that New York area banks such as Commerce Bancorp Inc, North
UK insurance group Aviva has been ranked the top performing insurer in the 2004 Business in the Community (BitC) Corporate Responsibility Index. This year the index had 139 participants, from which the company was ranked in fifth position overall and
The net profit of Bank Pekao is forecast to be higher than the zlotys 919 million generated last year, though it will not exceed the record level of zlotys 1.26 billion posted in 2001, the bank's president Jan Krzysztof Bielecki
UK Chancellor Gordon Brown is to press ahead with his plans to reform the taxation of pensions in the United Kingdom, despite growing controversy over his claim that "only" 5,000 people will be affected by a proposed cap of 1.4