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
Fortis Bank is now a General Clearing Member on Euronext Paris. The bank was already a General Clearing Member for Euronext Amsterdam and expects to become General Clearing Member for Euronext Brussels by June 2003.
R . Jeep Bryant, , has joined the Bank of New York as a managing director and global head of corporate communications. Bryant will report directly to Thomas A. Renyi, chairman and chief executive officer. A potentially early sign that
In the first quarter of 2003, financial services companies in the UK cut jobs at the fastest rate for more than six years, as business fell for a second successive quarter. The CBI PricewaterhouseCoopers survey of the industry, published today,
The average foreign exchange volume conducted by large corporate and financial institutions worldwide rose slightly but significantly in 2002, but at the same time interbank trading fell off. Or so says a 2002 study by Greenwich Associates. "Customer business as
JPMorgan Investor Services announced today the launch of a new Internet enabled tool that aims to simplify corporate actions processing. Morgan says the new tool will enable fund managers can receive and respond to corporate action notices, sign digitally for
Northern Trust says Catholic Health East has chosen the bank as global custodian to $1.2 billion in operating and pension funds. In addition, Northern will provide risk and performance and securities lending services. Northern claims to be custodian to a