The Bank of New York announced today that BNY Jaywalk, Inc., the Bank's independent equity research consultancy, will launch the first of a series of conference calls designed to bring independent research analysts to institutional investors. BNY Jaywalk, part of
Credit Suisse today said it expected to make a net loss of CHF 1.0 billion for the fourth quarter of 2002, taking net losses for the year as a whole to a record CHF 3.4 billion. Analysts were surprised to
HSBC Custody and Clearing in Hong Kong confirmed today that it had joined Citibank and Standard Chartered in being among the first foreign banks to receive approval from the Chinese authorities to act as a custodian in mainland China on
Goldman Sachs announced today that it would invest $1.27 billion (Yen 150.3 billion) in the Sumitomo Mitsui Financial Group (SMFG). This can be read as the re payment of a favour (back in 1986 Sumitomo Bank saved Goldman the risk
Standard Chartered announced today it had secured approval from the People's Bank of China (PBOC) to act as a custodian bank to Qualified Foreign Institutional Investors (QFIIs) in China. "The granting of a QFII custodian license reflects the authorities' commitment
Shore Capital announced today that its connection to Dresdner Kleinwort Wasserstein Securities (DrKW) electronic order execution system, bestconnect, was now live. Bestconnect is an electronic order execution system that offers UK and European stockbrokers, asset managers and institutions access to
The Bank of New York announced today that it has been appointed Federal Reserve clearing agent by Linsco Private Ledger and Sterne, Agee & Leach, Inc. "We are pleased to welcome Linsco Private Ledger and Sterne, Agee & Leach to
Citibank confirmed today that its application to provide custodial services to Qualified Foreign Institutional Investors (QFIIs) in China had received the approval of the People's Bank of China (PBOC). This is the first of three approvals Citibank will need. The
State Street announced today that at $4 billion, total revenues in 2002 were up less than half of one per cent on 2001. The results include a net gain on the sale of State Street's Corporate Trust business of $495
FXall, the electronic foreign exchange trading platform, said today that trading volumes passed $9billion in one single day of trading in late December, putting it way ahead of its original business projections. The previous volume record occurred in October, when