News

CIBC Mellon Wins Custody From TD Bank Financial Group

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

Mercator/Bermuda: ISO 15022 Migration Ahead Of Schedule

Mercator Software, Inc. announced it successfully helped Bank of Bermuda comply with the new ISO 15022 messaging standard ahead of the SWIFT deadline. The new standard required financial institutions that handle securities messages through the SWIFT network be able to

Rumours That Cogent is For Sale Re-Surface

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

ALERI and MPCT Solutions Announce Merger

Aleri Inc, New York based developer of innovative, ultra high speed information processing software, has announced the acquisition of mpct Solutions Corporation, the leading banking solutions provider. mpct's products include the well known Atlas international wholesale banking operations software used

CSFB Counts Cost of Settling SEC IPO Investigations

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

Crédit Lyonnais and S&P Introduce ETFs

On 1 February 2002, Crdit Lyonnais Asset Management will introduce two new Exchange Traded Funds (or ETFs) under the brand name SPDR Europe. Both the SPDR Europe 350 and SPDR Euro funds will trade on NextTrack, the dedicated ETF platform

Stephen R. Volk Named Chairman of CSFB

Credit Suisse First Boston (CSFB) today announced that Stephen R. Volk has been appointed Chairman of the Firm. He succeeds Joe L. Roby who, as previously announced, became Chairman Emeritus and Senior Advisor at the end of December. Mr. Roby

December Flows Trickle into Stock Funds

Stock funds attracted $3.4 billion in new money in December, a mere trickle compared to the $15.3 billion worth of inflows in November, according to data from the Investment Company Institute (ICI).The proceeds come from an inflow of $6.9 billion