The Bank of New York announced today that China Telecom Corporation Limited (China Telecom) has selected the Bank as depositary for its listed American depositary receipt (ADR) program. One ADR represents 100 H shares and trades under the symbol "CHA"
October 2002 was the best month of the year for US pension assets vs. liabilities, as assets outperformed liabilities by 9.88%, says Ryan Labs. The firm warns that this still left a year to date growth rate deficit of 26.58%.
UK pension industry software vendor Euraplan has launched of a new foreign exchange (forex) transaction rate monitoring service for plan sponsors . The new service aims toenable pension schemes to make accurate assessments of the forex rates they are charged
ABN AMRO has opened a CLS Centre, providing 24 hour operational support for clients using the bank as their Settlement Member for Continuous Linked Settlement (CLS), the groundbreaking risk free settlement system for FX transactions. The opening of the multi
JPMorgan Investor Services today announced the launch of a mysteriously named "breach register capability." This is a compliance tool, delivered via the client only Web site, which notifies fund managers, pension managers, insurance companies and central banks when their compliance
UK Pension Funds posted a negative return of almost 13 per cent in the third quarter, according to initial estimates from The WM Company which this week learned it will become part of State Street. The out turn for the
JPMorgan Treasury Services today announced that it has successfully completed its first transactions through its CLS third party service. The first trades were instructed on Monday 4th November and completed at 06 37 CET today. Brian Wedge, Senior Product Manager,
BNP Paribas Group announced today net banking income of Euros 4,040 million in the third quarter, down 3.8 per cent on the comparable period last year. Operating expenses and depreciation rose only 1.7 per cent (to Euros 2,728 million) but
Brown Brothers Harriman (BBH) Foreign Exchange announced today the launch of the next generation FX WorldViewSM, an upgraded web based currency execution system and the latest enhancement to BBH's WorldView suite of Internet products. The FX dealing system was originally
As foreshadowed on GC.com, State Street Corporation has announced today that it has signed definitive agreements to acquire substantial parts of Deutsche Bank's Global Securities Services (GSS) business. Under the terms of the agreement, State Street will pay a purchase