Barclays has announced record results for the first half of 2004. The results included strong performances from Barclays Capital, the investment banking division, and Barclays Global Investors (BGI).Together, Barclays Capital and BGI represented 31% of the Barclays total profit before
SAP says Kaupthing Bank which is based in Iceland, but has operations in the UK, US, and across other parts of Europe has bought its Core Banking software applications. The agreement includes applications for managing customer current accounts and loans
Bank Austria Creditanstalt (BACA) says it had a good first half. Net income after taxes and minority interests was up by 39.9 per cent to EUR 283 million (first half of 2003 EUR 202 million). The return on equity use
SunGard says St. Louis, Missouri based retail broker Smith, Moore & Company has signed a multi year contract to continue using SunGard's Phase3 for securities processing. In addition, Smith, Moore has added its Jefferson City brokerage operations onto Phase3. The
UK construction company William Davis has implemented Eiger Systems' EigerPAY Gateway solution in a move that provides the company with access to BACSTEL IP, BACS' new payment submission platform. All BACS Originators must migrate from the existing BACSTEL delivery channel
Westpac warned today that the Australian Taxation Office (ATO) appears to have changed its policy on tax withheld on payments of non dividend and non interest income to non Australian residents. Discussions between Australian custodians and the ATO have revealed
Mellon Global Alternative Investments Limited Limited (MGAI), a UK based alternative investments subsidiary of Mellon Financial Corporation, has announced the launch of Mellon Sanctuary II, a fund of hedge funds based on the Mellon Sanctuary fund already managed by MGAI.
Russell Mellon says that Evli Asset Management has decided to use AMI to market its services to a global audience. Evli is the first asset manager in Finland to sign up to the AMI database. Commenting on this decision, Evli
Wall Street Systems has appointed Aislinn McKibbin, late of Trema, as sales manager within its European Sales Team. McKibbin will be based in London with the responsibility of developing new business in the Netherlands and Europe, expanding on Wall Street
The Bank of New York has appointed Linda McLennan to a newly created post as senior sales manager with the hedge fund administration team in London. She joins from Bank of Bermuda Global Fund Services, and will report to David