The plans for merging the custody operations of Den norske Bank and Gjensidige NOR into a new securities services division were unveiled yesterday, though no practical measures to implement them will be taken until the Ministry of Finance grants final
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 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
JPMorgan Investor Services is running a series of dial in forums toeducate clients about corporate actions procedures in diferent markets around the world. The goal is to reduce corporate actions processing errors and consequernt losses because clients have an insufficient
Alberta Teachers' Retirement Fund Board has re appoint ed RBC Global Services Institutional & Investor Services (IIS) as custodian of its C$2.5 billion portfolio of pension plan assets. "After an extensive review and selection process that involved examining global custody
The Norwegian Competition Authority has given its approval to the merger between DnB Holding ASA and Gjensidige NOR ASA. Though the decision is subject to the banks meeting certain conditions in the shape of the sale of some companies and
As par of a reshuffle of responsibilities on its managing board, ABN AMRO has appointed Hugh Scott Barrett as Chief Operating Officer (COO). He heads a new unit, Group Shared Services, which the bank has set up to lower costs
The Bank of New York announced that it has been appointed by Co operative Insurance Society (CIS), the UK life and general insurer and investment provider, for its US$4.3 billion global custody mandate for all of CIS's non UK assets,
The Bank of New York has announced its appointment by Co operative Insurance Society (CIS), the UK life and general insurer and investment provider, for its US$4.3 billion global custody mandate for all of CIS's non UK assets, which are
The Bank Of New York recently announced that it has been appointed as trustee, registrar, and paying agent by Banco Bradesco, S.A. for its Diversified International Payment Rights US$400,000,000 Notes. The notes are divided into two series a Fixed Rate