The Depository Trust & Clearing Corporation (DTCC) White Paper production machine has spun again, and spat out another document. This one contains a masterplan to reinvent settlement everywhere and shift the world on to the virtuous path of global STP.
J.P. Morgan Chase & Co. announced fourth quarter 2001 operating earnings per share of $0.12, compared with $0.37 in the fourth quarter of 2000. Operating income was $247 million in the fourth quarter, compared with $763 million one year ago.
State Street Corporation announced fourth quarter earnings per share of $0.52, up 16% from $0.45 per share in the fourth quarter of 2000. Total revenue on a taxable equivalent basis was $1.0 billion in the quarter, up $115 million, or
Shares of Northern Trust dropped more than 4% yesterday, after the Chicago based firm noted an 18% drop in quarterly profits following a $45 million provision for credit losses largely related to loans to failed energy trader Enron.
J.P. Morgan Chase & Co. announced that it has completed the acquisition of Systems & Services Technologies, Inc. Under the terms of the transaction, SST will operate as a subsidiary of J.P. Morgan Chase & Co., within the firm's Institutional
Global Investor Services (GIS), the custody division of HSBC, has been appointed UK sub custodian for approximately Euro 1.5 billion of its assets by Natexis Banques Populaires. The appointment follows a comprehensive review of the UK sub custodian market by
Tom Swayne has issued his resignation from the Clearstream Board of Directors in light of the decision of Clearstream to enter into exclusive negotiation with Deutsche Brse AG. JPMorgan Chase supports a "horizontal" solution to the clearance and settlement infrastructure
JP Morgan Chase will shift billions of euros in business to rivalinternational depository Euroclear, according to Securities Industry News which also reports that Tom Swayne, head of JP Morgan Chase's GlobalInvestment Services unit, has resigned from Clearstream's board.
Constitutive Meeting of the Exchange Council of Eurex Deutschland Frankfurt, Germany January 10, 2002 Eurex, the international derivatives exchange, announced that the newly elected Exchange Council of Eurex Deutschland met for the first time. The Council members elected Leonhard Fischer,
State Street has acquired a minority interest in ByAllAccounts Inc., an account aggregation service company based in Woburn, Massachusetts. State Street will also begin using ByAllAccounts' WebPortfolio aggregation service, which collects customer data from various financial firms and consolidates the