Japan's financial regulator has ordered the banking unit of Citigroup to improve its operations after a tape containing details of Japanese customers' accounts went missing earlier this year. Citing insufficient systems to control information and a delayed response to the
Lynx Wealth Management Systems, a supplier of wealth management systems, has enhanced the information gathering, distribution and reporting capabilities of its 4Series software with the release of V9.0. V9.0 introduces significant enhancements to the 4Series Private Banker product, extending its
Higham Group, a provider of outsourced services for the UK life insurance and pensions industry, says that Tom Lea Wilson has joined the firm as Director of Human Resources, based in London. Lea Wilson, who will head the corporate HR
AEGON Asset Management UK, part of the worldwide AEGON Group, has entered into exclusive negotiations with Mellon European Fund Services, the investment administration arm of Mellon Financial Corporation in Europe for an investor and transfer agency services mandate for its
SWIFT says its International Standards Team (IST) for Harmonisation has delivered a standard XML core payment kernel for corporate to bank payment initiation and status messages. SWIFT says the core payment kernel consists of an agreed set of key financial
Eagle Investment Systems has released Eagle Version 6.0. This latest release offers several new and enhanced features that the company says will offer users greater flexibility, automation, ease of use, and time savings benefits to users. "We are very pleased
The Massachusetts state pension fund treasurer Tim Cahill explained at a press meeting this week why his fund became the first to fire Putnam Investments last year after the Boston based manager was charged with fraud in a mutual fund
US household wealth grew to a record high of $45.153 trillion in the first quarter of 2004, thanks to rising property and mutual fund values, the Federal Reserve says in its quarterly "Flow of Funds" report. The Fed said household
GL TRADE has acquired the Iris Group in the Netherlands. Iris specialises in options market making and has 15 clients. It had a turnover of EUR1.3 million in 2003, with margins in line with those of the GL TRADE Group.
Thomson Financial and Capco have launched a joint product, Thomson Research Authoring Solution. The service, which was developed by Capco, aim to support the creation and publication of investment research by analysts. Built on Microsoft Office 2003, its is a