News

India Announces NationWide Funds Transfer Network

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

Zimmerhansl Quits Rabobank International

Roy Zimmerhansl, head of global collateral management at Rabobank International in London, has left the bank. Zimmerhansl was not available at the bank today to comment, but his departure is understood to be an amicable one. "He came here to

BISYS Selected By Bessemer Trust For Closed-End Fund

BISYS announced today that it has been selected by New York based Bessemer Trust Company to provide fund administration for the investment firm's new closed end mutual fund. Bessemer Investment Management LLC, a wholly owned subsidiary of Bessemer Trust Company,

BISYS Launches Full-Service Solution For Individual(k)

BISYS today announced the formal launch of its full service solution for Individual(k) plan record keeping and administration. Individual(k) is the generic name of the new type of retirement plan which became available for small business owners on January 1,

CSFB to Pay $100 million to Settle IPO Actions

Access to hot IPOs is one of the ways hedge funds gauge the quality of the service supplied by their prime brokers. News today that he Securities and Exchange Commission had filed charges against Credit Suisse First Boston Corporation (CSFB)

India Set to Adopt Rolling DvP on T +3

Only three or four years ago, investors in India were not confident that their trades would settle at all. Even if they did, investors then had to wait weeks for the transfer to be registered and the cash or stock

Shock Horror: The Biggest Bank in the World is Japanese

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

No More Insured Municipal Bonds for Funds

The Boards of Trustees of six Vanguard funds have decided to remove the requirement that the funds hold a minimum percentage of their assets in municipal bonds that are insured. The decision was based on several factors, including the declining