Citibank Global Securities Services today announced its appointment as settlement and clearing agent to TRADINGLAB, UniCredito Italiano's retail investment bank for the new covered warrants market in the UK. The London Stock Exchange launched the covered warrants market today. "Entering
The Bank of New York (BNY) announced today that it has been appointed by Northern Rock plc to serve as trustee and principal paying agent for its 200,000,000 7.053% Tier One Notes transaction, which was developed and is being underwritten
The Bank of New York (BNY) today announced the launch of its new DR Performance Analytics. This addition to the Bank's depositary receipt website, adrbny.com, provides interactive analytics designed to evaluate price performance and trading volume of all exchange traded
Northern Trust has been appointed global custodian to the newly created TotalFinaElf UK Pension Plan, representing about 1 billion in assets under custody. Northern Trust was appointed by The Trustees of the newly created plan, which was created from the
Capital Institutional Services, an institutional agency broker in the US, has launched a new electronic trading platform designed to increase productivity and enhance best execution. Slingshot, developed by Sonic Financial Technologies, aims to combine the advantages of ECNs with the
United Airlines parent UAL says that if interest rates fall and the market value of its pension funds continue to decline, it may have to record a charge of more than $1.5 billion. The firm said it could be required
The chairman of Commerzbank, the third biggest publicly listed bank in Germany, yesterday told Frankfurter Allgemeine Sonntagszeitung "I do not know whether we will make profit in the full year," according to a report on FT.com. The bank, which has
The Bank of New York announced today that it has been selected to serve as indenture trustee for the$1,339,000,000 SLM Student Loan Trust 2002 5 transaction, one of the asset backed transactions sponsored by Sallie Mae. The Bank of New
The Bank of New York today announced that the Group Five survey had rated the bank as the number one domestic transfer agent services provider in the large agent category (agents serving more than 8,000,000 shareholder accounts) that is. Group
Computer Sciences Corporation (CSC) today launched an outsourcing service for the beleaguered UK life and pensions industry which it says is "capable of halving the cost of administering pensions and life assurance." If so, it will save the sector 1