Northern Trust announced today that it had introduced a Web based system for managing the institutional benefit payments process. Northern Trust Benefit Payments PassportSM provides real time access to participants' plans, enabling plan sponsors to query and update participant information
Deutsche Brse announced today that it expected to exceed its targeted Earnings before Interest and Taxes (EBIT) for the year ended 31 December 2002 the target of 320 million euros would be exceeded by approximately 10 per cent giving an
Denis Robert, co author with Ernest Backes of Revelations, the book about alleged financial skulduggery in Luxembourg which prompted a stream of litigation, is clearly not easily deterred by the machinations of the law. He returns to Canal +, the
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