News

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

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

BT’s Syntegra Offers Forex Traders Video Links To Clients

Telecommunications suppliers looking to tackle the perception that bandwidth is commoditised will be encouraged to learn that Syntegra, the BT subsidiary with a growing presence in the securities industry see "Shooting the messenger" in Global Custodian, Fall 2001 , is