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
State Street has bought the remaining minority interest in Elkins McSherry LLC, the transaction cost management business in which it has held a majority stake since 1999. Terms of the agreement were not disclosed. Elkins McSherry, founded in New York
The Bank of New York has announced it has been selected by Linktone Ltd. as depositary for its American depositary receipt (ADR) program. Each ADR represents ten ordinary shares of the company and trades on the NASDAQ under the symbol
Universities Superannuation Scheme, the UK's third largest private sector pension fund, has appointed three new external fund managers Wellington Management International, Goldman Sachs Asset Management International, and Legal & General Investment Management. This follows a review of investment strategy and
RBC Global Services made the Roll of Honor for Pre Trade in the 2004 Transition Management Survey by the sister publication of Global Custodian, the Us pension fund publication Plan Sponsor. "We are delighted to receive this honour," says Fred
The Financial Supervisory Service (FSS) in Korea has increased the Foreign Ownership Limit (FOL) for broadcasting company stocks from 33% to 49%, following the revision of the Broadcasting Act. It is not clear when the higher limit will become effective.
The parties in the ruling coalition in Japan have approved proposed legislation lifting the ban on banks acting as securities agency brokers, and the dematerialization of stock certificates. This enables the Financial Securities Agency (FSA) to present the bills to
CIBC Mellon says it is cutting Bolivia, Costa Rica, Ecuador, Namibia, Trinidad & Tobago and Tunisia from its global custody network due to inactivity by clients. However, the bank is adding Bulgaria to the network. Bank Austria Creditanstalt will service
FXall, the online foreign exchange trading platform, says that the Mizuho Trust & Custody Services has joined it as a liquidity provider. This means that there are now a total number of 47 banks providing liquidity to FXall. &rdquo The