BNP Paribas today announced Euros 4,513 million in net banking income, Euros 1,656 million in gross operating income. Net banking income (EUR 4,513 million) and gross operating income (1,656 million) were close to their level in the first quarter of
Den norske Bank, the leading custodian bank in Norway, today announced pre tax operating profits before losses of NOK 1 047 million in the first quarter of the year, slightly down on earnings in the same period last year (NOK
The troubled Commerzbank Group was in the black in the first quarter of 2003. At Euros 172 million, operating profit was well above the result for the final quarter of 2002. The bank's board of managing directors expressed their confidence
ADP Brokerage Services Group has inked a 10 year outsourcing contract agreement with E TRADE Group Inc to provide the firm with back office systems processing and other related services for all of the E TRADE Securities brokerage business. As
ABN AMRO Mellon Global Securities Services says it has upgraded its reporting capabilities for its UK and Irish pension fund clients to support the Statement of Recommended Practices (SORP) reporting requirements. The new service, which is being made available through
Mercer Investment Consulting is calling for investment managers to take account of liabilities when managing pension fund assets, and to be assessed against performance targets that relate more closely to fund liabilities. The firm says research amongst managers suggests the
American Express is reported to be poised to buy Threadneedle Asset Management, the UK retail fund manager owned by the troubled Zurich Financial for less than 300 million ($483 million), which is much less than the business was expected to
Banco do Brasil has invited Bank of New York to provide third party settlement Continuous Linked Settlement (CLS) services to it. The Bank of New York was chosen to provide CLS third party settlement services for Banco do Brasil's head
A quarter of the world's corporate and financial institutions are trading foreign exchange products online, up from less than a fifth (17 per cent) at the end of 2001. Meanwhile, volume traded online climbed significantly and is expected to rise
Barra has launched what it describes as the first product to make investment performance analysis based on daily data practical for even the largest fund managers. Barra Enterprise Performance aims to give fund managers accurate daily performance attribution analysis and