The Bank of New York announced today that it was ranked the leading overall corporate trustee for the year 2002 by Thomson Financial, which provides the securities industry with a wide array of market volume statistics, including data on publicly
The first exchange traded fund (ETF) on a fixed income index in Europe was launched on Thursday in the XTF segment of Deutsche Brse. The ETF eb.rexx Government Germany EX is issued by Indexchange and tracks the Eurex Bonds Government
JPMorgan Treasury Services announced today that it implemented a euro bank to bank reimbursement processing system at its Bournemouth operations centre in south western England. The system integrates euro and US dollar reimbursement processing on the same operating platform, allowing
The Securities Industry Association (SIA) today commended the Securities and Exchange Commission (SEC) for its latest effort to improve the quality and integrity of research reports, calling the regulation approved today a "prudent, thoughtful" measure in building investors' trust and
As ethnic minority populations get larger and more affluent, they are becoming key markets for U.S. financial services providers. While some providers already have ethnic marketing strategies, few of these include the Web, which will soon become a competitive requirement.
ING Group announced today that it had agreed with Fineco Capitalia of Italy to acquire Entrium, Germany's second largest direct bank. ING will acquire Entrium through its 70% owned subsidiary DiBa, the oldest and largest direct bank in Germany. The
BNP Paribas published its results for 2002 today. Pleading in mitigation the difficult external environment, chairman Michel Pebereau argued that a 10.4 per cent fall in revenue, was a good result under the circumstances. BNP Paribas Group's net banking income
Ray Soudah the former Cedel executive who now heads the Swiss based fund management merger consultancy, Millenium Associates AG says that, despite recent scepticism, there are still both good reasons and opportunities for traditional fund managers to get into the
Mutual Fund Technologies (MFT), the transfer agency system provider owned by Fidelity, announced today that INVESCO PERPETUAL had selected its Global Fund Administration System (GFAS) to manage their UK operations. The conversion is currently planned for September 2003 and will