Custody

Vulcan Materials Chooses BNY As Transfer Agent And Registrar

The Bank of New York announced today that it has been selected as transfer agent and registrar by Vulcan Materials Company, a producer of industrial materials based in Birmingham, Alabama. "Because of the detail oriented nature of transfer and registrar

IBM Confirms JP Morgan Chase Outsourcing Deal

IBM announced today that it had finalised a seven year IT outsourcing contract with J.P. Morgan Chase, which the firm expects to be worth over $5 billion. JPMorgan Chase will outsource what IBM describes as "a significant portion" of its

Soc Gen Investment Banking Chief Killed

Socit Gnrale, the French bank, announced today that Xavier Debonneuil, its head of investment banking, was killed in a car accident yesterday afternoon. Debonneuil was leading a strategic review of the business, which was expected to lead to the loss

Taiwan Allows Foreign Investors To Buy Unwanted Rights

The Securities Futures Commission (SFC) in Taiwan has announced that Qualified Foreign Institutional Investors (QFIIs) and General Foreign Institutional Investors (GFIIs) are allowed to accept subscription rights of new stocks transferred by the original shareholders of a listed company on

ABN Amro Gives EDS US$1.3 Billion IT Outsourcing Contract

ABN AMRO and EDS announced today that they have reached an agreement on an IT outsourcing contract for ABN AMRO's Wholesale Client (WCS) Strategic Business Unit which includes corporate and investment banking services. The contract covers the provision of technology

Naspers Ltd Selects BNY For Its ADR Programme

The Bank of New York announced today that Naspers Limited has selected the Bank as depositary for its NASDAQ listed American depositary receipt (ADR) program. One ADR equals ten ordinary shares and trades on NASDAQ under the symbol "NPSN." The

Sanwa Finance Chooses BNY As Trustee For Bond Issue

The Bank of New York announced today that it has been selected by Sanwa Finance Co., Ltd. to provide trustee and agency services for the Pylos II financing. The Bank of New York Trust Company (Cayman) Limited has also been

BNY Launches Irish Listing and Paying Agency Services

The Bank of New York announced today that it has added Irish listing and paying agency services to its range of global trust services. The Bank's London branch will act as listing agent, with the paying agent role provided by

Abbey National Chooses BNY As Trustee For Structured Notes

The Bank of New York announced today that it has been selected by Abbey National Treasury Services plc (ANTS) and Abbey National Financial Products to provide trustee, issuing and principal paying agent, registrar and custodian services for the C Sprint