News

JP Morgan Chase Plunges into Loss in Fourth Quarter

J.P. Morgan Chase & Co. announced fourth quarter 2001 operating earnings per share of $0.12, compared with $0.37 in the fourth quarter of 2000. Operating income was $247 million in the fourth quarter, compared with $763 million one year ago.

Hedge Funds Rocket in 2001

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

Man Group Raises $590m in Latest Product Launches

Man Group plc, the international hedge fund manager and futures broker, announced that its two most recent launches Man Multi Strategy Series 3 Ltd and OM IP Hedge Plus Limited have together raised the equivalent of over US$590 million of

State Street Announces Continuous Double-Digit Growth

State Street Corporation announced fourth quarter earnings per share of $0.52, up 16% from $0.45 per share in the fourth quarter of 2000. Total revenue on a taxable equivalent basis was $1.0 billion in the quarter, up $115 million, or

Second Part of ISMA Survey is Due on Jan 22

The International Securities Market Association (ISMA) is holding a press conference to publish the second in its new series of European repo market surveys, designed to enable participants in Europe's cross border repo market to gauge its size. The repo

SmartStream Technologies In CORONA deal with Dexia BIL

SmartStream Technologies, the leading transaction management STP solutions provider, is pleased to announce that Dexia Banque Internationale Luxembourg (Dexia BIL) has selected the Corona CS (Client Server) solution to automate its reconciliations process and provide a foundation for Straight Through

Former TradingLinx CEO Looks to Acquire Abandoned Code

According to a report in Wall Street & Technology, former TradingLinx CEO Gordon Henderson has the backing to resurrect the failed alternative to GSTP axion4 and Omgeo. The reports says After a two year run which featured more twists and

Mellon Wins Norwich Union Fund Supermarket Mandate

Norwich Union's online personal finance service, norwichunion.com, has awarded the fund administration of its new fund supermarket to Mellon Global Securities Services, the third party administration and global custody arm of Mellon Financial Corporation. Mellon is providing full administration services

Shares of Northern Trust Drop In Aftermath of Enron Fall

Shares of Northern Trust dropped more than 4% yesterday, after the Chicago based firm noted an 18% drop in quarterly profits following a $45 million provision for credit losses largely related to loans to failed energy trader Enron.

Delaware Mutual Funds Go For 'eDelivery'

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