TradeWeb says WestLB AG has become a dealer participant on its trading network, for European Government Bonds and Pfandbriefe Covered Bonds. WestLB is the 26th dealer to join TradeWeb, following the recent addition of UniCredit Banca Mobiliare on 2 March
Normalisation of US interest rates is likely to lead to a correction in emerging markets in 2004, says Pictet Asset Management. Economic reforms and improved fiscal positions mean that the scale of any interest rate rise will be less severe
The Tokyo Stock Exchange (TSE) is to abolish its foreign stocks section and move all of the current foreign listings into a single section combining domestic and foreign stocks. "With this decision to de compartmentalize foreign listings, the TSE intends
Brown Brothers Harriman (BBH) Foreign Exchange says it is making its global currency research and analysis available to clients via the BLOOMBERG PROFESSIONAL service. "This new offering allows us to extract more value from Bloomberg, enabling existing and potential clients
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
Integrated Decision Systems (IDS) says Wachovia Securities has bought a system from it to service the combined Wachovia Prudential retail client base. The CALiPER2 system is a performance calculation and reporting engine for private accounts. Designed to accept large volumes
The Investment Company Institute yesterday submitted its comments on an SEC proposal to bolster investment adviser codes of ethics. The SEC proposal would require investment advisers to establish a code of ethics containing standards of conduct for advisory personnel, provisions
In a new report entitled "Case Studies in Core Banking Systems Replacement," Celent has published three case studies revolving around core banking systems replacement Santander in Spain, Deutsche Postbank in Germany and ABN Amro in India. The consultancy says that
Regulators in Taiwan have ruled that foreign investors with shareholdings below 300,000 shares are no longer required to appoint a local agent or representative to attend AGMs and exercise voting rights.
The Electronic Payments Network (EPN) says it now offers banks the option of connecting to its ACH network via SWIFTNet , in addition to dial up and high speed Internet connectivity via its Windows based PCAIMS software or FTP (file