News

WM In UK Pension Fund Venture With Standard & Poor's

State Street subsidiary WM is to work with Standard & Poor's to provide UK pension fund trustees with independent performance assessment services. Standard & Poor's has developed new services for launch in May 2004, which aim to provide an independent

US Subsidiary Of BNP Paribas Buys Community First Bankshares

BancWest Corporation ("BancWest"), a wholly owned subsidiary of BNP Paribas, has acquired Community First Bankshares ("Community First"), a Nasdaq listed company. BancWest operates through 357 branches in seven Western states, primarily California and Hawaii. BancWest operates under the brands of

Thailand Broker Adkinson Buys HiTrade From DSTi

DST International (DSTi) says Thai retail broker Adkinson Securities PLC (Adkinson) has bought HiTrade, its front end processing solution for brokers. Adkinson plan to go live on HiTrade by June 2004. Adkinson is focused on retail investors and has more

Is Citigroup Too Big To Succeed?

Who respects Citigroup? Not investors, it seems. According to Barron's, a financial services group that generated nearly $18 billion in net revenue in 2003 trades at a lower multiple that New York area banks such as Commerce Bancorp Inc, North

Aviva Wins Earth Mother Award

UK insurance group Aviva has been ranked the top performing insurer in the 2004 Business in the Community (BitC) Corporate Responsibility Index. This year the index had 139 participants, from which the company was ranked in fifth position overall and

EuroMTS Launches Benchmark Treasury Bill Market

EuroMTS today announced the introduction of the reference market for European Treasury bills, with the aim of setting benchmark standards and creating a single point of access to concentrate liquidity and to increase visibility for short term paper. In keeping