The Bank of New York is buying the corporate trust business of INTRUST Bank, N.A, through its indirect subsidiary, BNY Trust Company of Missouri. INTRUST Bank is a wholly owned subsidiary of INTRUST Financial Corp, headquartered in Wichita, Kansas. The
Northern Trust has named Noelle Tan has been named Senior Relationship Manager in Singapore and Karen Tan as Regional HR Manager. As Senior Relationship Manager, Noelle Tan will play a key role in servicing Northern Trust's client base of government
Trace Financial Limited has reached an agreement with GOAL Group, the withholding tax experts, to develop a better solution to corporate actions management. GOAL's flagship offering, GTRS, automates the complex and dynamic process of reclaiming cross border withholding tax on
Mellon said today that it had completed the repatriation from Clydesdale Bank (now National Custodian Services) to its in house operation of nearly 30 billion of UK custody assets held by Mellon Global Securities Services (GSS) The 29.7 billion of
Apparently defying the weak markets, Citigroup raised first quarter profits by 18 per cent, and enters the second quarter with a solid balance sheet and a 19.3 per cent return on equity. However, the consumer business accounted for more than
Banca Nazionale del Lavoro has appointed GSC Proxitalia, a member of Georgeson Shareholder Group, as information agent for the Ordinary and Extraordinary General Meetings of Shareholders being held on 24 April 2003. Georgeson Shareholder is a provider of cross border
HSBC Asset Management's US Dollar, Euro and Sterling liquidity funds have been assigned the top rating of Aaa MR1+ by Moody's Investors Service. They already have the top AAA rating from Standard & Poor's. Moody's said the AAA rating reflects
Iceland could now have the local sub custodian bank growing international interest in the market warrants. Bnadarbanki slands and Kaupthing Bank, the two leading Icelandic banks, have agreed to merge. The proposed name of the merged bank is Kaupthing Bunadarbanki.
Allianz, the Munich based insurer that owns Dresdner Bank and Dresdner Kleinwort Wasserstein (DrKW), has raised raise Euros 4.4 billion in a 7 for 15 rights issue priced at Euros 38 a share. The subscription price is a 41 per
Equity market will drift for the next three to five years. Or so says a survey of 90 large pension and other institutional funds, together with a number of global fund managers, by Mercer Investment Consulting. The consultancy, which recently