News

KAS BANK clearing specialist on Euronext Paris

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

Radianz Selected To Expand Cognotec's Foreign-Exchange Service

Radianz announced it has signed a three year multimillion dollar contract to provide Internet Protocol (IP) extranet services to Cognotec. Cognotec, a provider of foreign exchange and money market trading solutions, will use Radianz's global financial extranet, RadianzNet, to connect

Is Western Europe Ready For U.S.-Style Credit Cards?

European and U.S. financial institutions hoping to unlock the potential for U.S. style revolving credit cards in Western Europe will continue to face significant cultural, legislative and technological challenges. New research from TowerGroup's Consumer Credit service finds that though Western

McKean Joins BoNY Private Client Services

The Bank of New York announced that Matthew W. McKean has joined the Bank as a vice president of private client services in New Jersey. Mr. McKean brings to the Bank over fifteen years of financial services experience. His primary

First Ever Desktop To Desktop E-Payments

The New York Clearing House announced a major initiative that will provide the first Internet enabled global payments infrastructure needed to support true B2B e commerce. The new functionality will enhance the capabilities of the Clearing House's two core payment

Trafalgar Capital Raises $40 million

Trafalgar Capital Management, a London based fund manager founded in 1999 and now chaired by former Conservative government minister Lord Strathclyde, has launched a $40 million long short equity fund. Some of the funds were already under management, but the

ABN Amro Mellon Secures Winterthur Mandate

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

BoNY Selected by Lloyds TSB for ADR Program

The Bank of New York announced today that Lloyds TSB Group plc has selected the Bank as depositary for its New York Stock Exchange listed American depositary receipt (ADR) program. Each ADR represents four ordinary shares and trades under the

IBIS Securities Selects BNY Clearing Services

BNY Clearing Services LLC, a subsidiary of The Bank of New York, announced today that its fully disclosed correspondent clearing services were selected by IBIS Securities LLC. IBIS Securities LLC is a general securities broker dealer that specializes in the