Without specific guidance, over two thirds of Internet bank payers in the UK will select the wrong bank account and reference details from their bills when making bill payments and, without validation, between 5 and 8 per cent of reference
OneChicago announced today that it traded 123,095 contracts in December, the first full month of security futures trading in the United States. Open interest at OneChicago stood at 34,226 contracts on Dec. 31. Average daily volume in December was 5,862
Fundtech, the provider of global electronic payments, settlement, and cash management solutions, is cutting costs and reorganising its management. Staff reductions will lower expenses by $500,000 per quarter, with effect from Q1 2003. All development and professional services and customer
Dear Sirs, In relation to the information published by Global Custodian.com on Bank Handlowy revolutionizing Polish capital market dated December 17, 2002, I would like to draw your attention to the fact that ING Bank has been offering such solution
IBM announced today that it had finalised a seven year IT outsourcing contract with J.P. Morgan Chase, which the firm expects to be worth over $5 billion. JPMorgan Chase will outsource what IBM describes as "a significant portion" of its
Socit Gnrale, the French bank, announced today that Xavier Debonneuil, its head of investment banking, was killed in a car accident yesterday afternoon. Debonneuil was leading a strategic review of the business, which was expected to lead to the loss
The combined assets of the closed end funds in the US were $149.61 billion at the end of the third quarter of 2002, the Investment Company Institute reported today in a quarterly statistical collection of closed end funds. Total closed
BISYS announced today that it had acquired New York based Career Brokerage (aka Feingold Scott, Limited), an insurance brokerage firm specializing in the wholesale distribution of life, annuity, disability, and long term care insurance products. Terms of the transaction were
The combined assets of US mutual funds increased by $317.9 billion, or 5.1 percent, to $6.56 trillion in November, according to the Investment Company Institute's official survey of the mutual fund industry. Equity funds had an inflow of $6.46 billion
The Securities Futures Commission (SFC) in Taiwan has announced that Qualified Foreign Institutional Investors (QFIIs) and General Foreign Institutional Investors (GFIIs) are allowed to accept subscription rights of new stocks transferred by the original shareholders of a listed company on