News

KAS BANK Reports Bid for its 3.5% Shareholding in Cedel

Deutsche Brse A.G. has announced that it will make a bid for the Cedel International S.A. shares, aiming to acquire 100% of the shares in Clearstream International S.A. Both organisations presently have a 50% shareholding in the joint venture Clearstream.

Threadneedle Investments Announces Business Restructuring

Threadneedle has decided to reflect its growth in the structure of its business by moving to three principal divisions with Divisional Directors who will each report to Simon Davies, Threadneedle's Chief Executive. The appointment of Sarah Arkle, as Chief Investment

CIBC Mellon Wins Custody From TD Bank Financial Group

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

Egg Announces International Expansion

Egg, provider of online banking and financial services to almost 2 million customers in the UK, is to launch in France in 2002 with a target of acquiring 1 million customers in its first three years. Egg expects to invest

Crédit Lyonnais and S&P Introduce ETFs

On 1 February 2002, Crdit Lyonnais Asset Management will introduce two new Exchange Traded Funds (or ETFs) under the brand name SPDR Europe. Both the SPDR Europe 350 and SPDR Euro funds will trade on NextTrack, the dedicated ETF platform

Stephen R. Volk Named Chairman of CSFB

Credit Suisse First Boston (CSFB) today announced that Stephen R. Volk has been appointed Chairman of the Firm. He succeeds Joe L. Roby who, as previously announced, became Chairman Emeritus and Senior Advisor at the end of December. Mr. Roby

December Flows Trickle into Stock Funds

Stock funds attracted $3.4 billion in new money in December, a mere trickle compared to the $15.3 billion worth of inflows in November, according to data from the Investment Company Institute (ICI).The proceeds come from an inflow of $6.9 billion

BVLP Joins Euronext

BVLP Bolsa de Valores de Lisboa e Porto is joining Euronext after all its shareholders unanimously accepted Euronext's merger offer. Following the merger, BVLP shareholders will become shareholders of Euronext N.V., and BVLP a wholly owned subsidiary of Euronext N.V.,