Following its debut on the Warsaw Stock Exchange, Bank Austria Creditanstalt (BA CA) has established a local Short & Medium Term Bond Programme in Poland. With a volume amounting to PLN 1 billion (approx. EUR 200 million) it is the
Credit Lyonnais, the French bank acquired earlier this year by Credit Agricole, is to pay $100 million to settle allegations surrounding its takeover of Executive Life Insurance Co. of California, which became insolvent in 1991 after its junk bond portfolio
The Liberal Democratic Party, the ruling party of the Japanese diet, has agreed the likely outline of the tax reform scheduled for agreement by the diet in late March next year. The restriction on holdings of short term Japanese Government
ABN AMRO says it has been awarded the third party CLS services mandate for the Clearing Corporation of India Limited (CCIL). CCIL has chosen ABN AMRO's Advanced Third Party CLS service, enabling it to go live with all of the
The Association of Tokyo Stock Exchange Regular Members (ATSERM), a securities industry group in Japan, has decided to shake up its organisation and ambitions after losing a number of members, and especially foreign members. One Tokyo based observer says the
State Street is to provide investment services to the Oslo based Evli Bank. "We are impressed with State Street's extensive capabilities, which match our investment requirements, and with the quality of their people," says Osmo Jauri, chief administration officer for
JPMorgan Investor Services has been selected by Optimum Fund Trust as the custodian for six recently created funds. The Optimum Fund Trust, launched on 1 August, has six multi managed funds, including both domestic and international equities and fixed income.
Fortis Group is buying back $550 million of its US dollar debt as part of a restructuring of its capital ahead of the flotation of its American insurance arm next year in a public offering that analysts expect to raise
The China Life Insurance IPO last week raised HK$23.5 billion (US$3 billion), a sum close to the top of market expectations, with investors ordering 25 times more shares than were available. Orders from institutional investors topped US$50 billion as investors
Mercer Human Resource Consulting has been appointed to provide actuarial and investment consulting services for the pension arrangements of Linde Material Handling part of the German owned Linde Group, which provides fork lift truck services, industrial gases and refrigeration services