News

Royal Bank of Scotland Chooses Algorithmics

Algorithmics says Royal Bank of Scotland (RBS) has selected and begun implementing its Algo Credit application for global limits and exposures management. RBS will be using Algo Credit to oversee financial credit risk for all of its commercial and treasury

Amex To Buy Threadneedle?

American Express is reported to be poised to buy Threadneedle Asset Management, the UK retail fund manager owned by the troubled Zurich Financial for less than 300 million ($483 million), which is much less than the business was expected to

Bank of New York To Service Powershares ETFs

The Bank of New York announced today that it has been named Exchange Traded Fund (ETF) services provider for the PowerShares Dynamic Market and the PowerShares Dynamic OTC Portfolios launched today by PowerShares Capital Management LLC on the American Stock