Although Standard Chartered has formally denied either having or having had discussions with suitors, and says it is under no pressure from shareholders to do so, the potential buyers named so far would have a limited interest in retaining the
The Northern Trust Company, Singapore has been awarded Wholesale Banking (WB) privileges by The Monetary Authority of Singapore (MAS). As a further step in its commitment to the Singapore market, Northern Trust applied for a Wholesale Banking license on 31
The imposition at the weekend by the Argentine government of sweeping banking and exchange controls came as no surprise. However, it has posed considerable difficulties for custodian banks active in Buenos Aires and those of their clients which have investments
The Bank of New York announced today its appointment by Agricultural Bank of China as global custodian for its proprietary global fixed income investments. Agricultural Bank of China (ABC) is a full scale commercial bank with business coverage going far
News that the Ottoman Bank merger with Garanti Bank, announced in mid October, is going ahead on 19 December will reduce competition for sub custody business in one of the two most closely watched emerging markets of recent times Turkey.
KAS BANK clearing specialist on Euronext Paris KAS BANK is the first General Clearing Member of Euronext that is able to provide clients of the three underlying Euronext exchanges with its services from one portal instead of from three different
RBC Global Services, Institutional & Investor Services (IIS) announced the appointment of Simon Coleman as Director of Operations in London, U.K. In his new role, Simon will oversee all aspects of global custody processing in more than 80 worldwide markets.
The Bank of New York announced that it has signed a definitive agreement to acquire the Core International ADR and Domestic Equity Index institutional investment management businesses of Axe Houghton Associates, Inc., a wholly owned subsidiary of Hoenig Group Inc.
The Benchmark(tm) Investment Analytics group (BIA) of RBC Global Services, Institutional & Investor Services (IIS), announced the release of a new and expanded suite of portfolio universes the Benchmark Universes which will enable institutional investors to better evaluate the performance
ABN Amro has won another custody mandate in its stated target market the insurance sector. XL Winterthur International a subsidiary of the Bermuda based XL insurance and reinsurance group, which purchased Winterthur International from Credit Suisse Group earlier this year