US tax exempt assets invested in cross border assets declined for the third consecutive year in 2002, but cross border assets as a percentage of total US pension assets remained stable, according to the results of a new survey published
Sun Microsystems has lowered the UK prices of its recently launched Fire V1280 system ."The Sun Fire V1280 system strengthened our midrange server family and pushed Sun's leading enterprise system features and functionality into new, lower price points," says Steve
BISYS has mortgaged its technological future to SunGard. The company says it is adding four more SunGard Systems to its core mutual fund priocessuing platform. The four SunGard products are Decalog (a portfolio management and trade execution integrated with the
Alan Burton, outgoing Chairman of the Investment Management Association, today called on the financial services industry to take action to regain investor confidence and not wait for the equity markets or the regulator to solve its problem. Speaking at the
JPMorgan has formed a new team within its Clearance and Collateral Management division in New York to introduce a regulatory cash collateral service targeted at broker dealers who need to comply with the Security and Exchange Commission (SEC)'s customer protection
BNP Paribas is still pondering whether to launch a counter bid for Credit Lyonnais, which is being sold to Credit Agricole for Euros 19.5 billion. Last year, BNP built up a stake of over 16 per cent in Lyonnais before
Dresdner Kleinwort Wasserstein (DrKW) has appointed Olivier Jalouneix as Co Head of the Financial Institutions Group (FIG) within its Capital Markets Origination business (CMO). Effective this week, Jalouneix will work alongside John Matthews in this role and be based in
Frank Quattrone, the former technology maven at CSFB was indicted on Monday on obstruction of justice and witness tampering charges, say federal prosecutors. The indictment by a Manhattan grand jury replaces a criminal complaint filed by prosecutors on April 23
Hungary's OTP Bank has won an auction by offering $358 million for DSK, Bulgaria's second largest bank, the government announced Tuesday. The Hungarian bank bid 311 million euros for all of DSK, while the other bidder, Austria's Erste Bank, bid