Custody

Enron Sues Citigroup And JP Morgan

Enron is sueing Citigroup and J.P. Morgan Chase to recover more than $32 million of fees it paid in the month before it sought protection from its creditors. Houston based Enron filed its complaint against the banks, who are also

RBC Global Services Wins C$300 Million Winnipeg Foundation Mandate

RBC Global Services Institutional & Investor Services (IIS) division has been selected as the custodian for The Winnipeg Foundation, which oversees more than 1,400 endowment funds that support community projects in Canada. The mandate covers approximately C$300 million in assets

HSBC Buys Brazilian Assets Of Lloyds TSB

The HSBC Group has reached agreement to acquire substantially all of Lloyds TSB's onshore and offshore assets related to Brazil, including its consumer finance business, for an aggregate consideration of US$815 million. The main part of the transaction is the

UK Employers Reject Calls For Compulsion In Pension Provision

The UK employers association, the Confederation of British Industry (CBI) has attacked the demands made by trade unions at the conference of the governing Labour Party for employers to be compelled to make pension contributions on behalf of employees. The