News

Deposits to Unit Investment Trusts Increase by $1 bln

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

Hedge Funds Rocket in 2001

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

ABN AMRO Wins Banca Di Roma Settlement Mandate

Banca di Roma in Italy has awarded ABN AMRO the mandate for third party Continuous Linked Settlement (CLS) services. The mandate covers all the settlement traffic for the CLS eligible currencies, which represent the majority of Banca di Roma's foreign

Kirby Quits Bolero to Re-Join Reuters

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

More Bumph From the DTCC

The Depository Trust & Clearing Corporation (DTCC) White Paper production machine has spun again, and spat out another document. This one contains a masterplan to reinvent settlement everywhere and shift the world on to the virtuous path of global STP.

JP Morgan Chase Plunges into Loss in Fourth Quarter

J.P. Morgan Chase & Co. announced fourth quarter 2001 operating earnings per share of $0.12, compared with $0.37 in the fourth quarter of 2000. Operating income was $247 million in the fourth quarter, compared with $763 million one year ago.

Man Group Raises $590m in Latest Product Launches

Man Group plc, the international hedge fund manager and futures broker, announced that its two most recent launches Man Multi Strategy Series 3 Ltd and OM IP Hedge Plus Limited have together raised the equivalent of over US$590 million of

State Street Announces Continuous Double-Digit Growth

State Street Corporation announced fourth quarter earnings per share of $0.52, up 16% from $0.45 per share in the fourth quarter of 2000. Total revenue on a taxable equivalent basis was $1.0 billion in the quarter, up $115 million, or

Second Part of ISMA Survey is Due on Jan 22

The International Securities Market Association (ISMA) is holding a press conference to publish the second in its new series of European repo market surveys, designed to enable participants in Europe's cross border repo market to gauge its size. The repo