State Street Corporation announced today that it has entered into a definitive agreement to sell its Corporate Trust business to U.S. Bank, N.A., the lead bank of U.S. Bancorp. "Our decision to sell the Corporate Trust business reflects our commitment
Moody's Investors Service has upgraded the senior unsecured debt ratings for Goldman Sachs Group Inc. to Aa3 from A1 after a three month review. In a press statement accompanying the rating action on Friday, Moody's described Goldman as having "excellent
Coutts & Co has appointed James Fleming as head of its international client group. Fleming will be leading the team of private bankers who are responsible for providing cross border financial services for international clients who hold assets in the
ING Financial Markets announced today that it was adding a Paris desk to its Global Securities Financing team, which is responsible for prime brokerage services as well equity lending, repo, equity swaps and CFDs. ING has appointed Denis Treboit to
Currenex, the online currency exchange, and RCP Consultants, a UK software supplier specialising in straight through processing, today announced delivery of connectivity between the Currenex FX trading system and buy side treasury and portfolio management systems. Currenex worked closely with
SmartStream Technologies, transaction management STP solutions provider, is pleased to announce that Thai Farmers Bank in Thailand has selected SmartStream Technologies for the automation of its Nostro cash account reconciliation. Thai Farmers Bank is one of Thailand's largest banks with
SecFinex, the online marketplace for securities finance, conceded today that the weak equity lending markets were not an easy environment in which to revolutionise a marketplace. The firm announced that it had completed a restructuring program that aims to "allow
The New York Clearing House today published a market research study that investigates the barriers to electronic payments across large, medium and small companies. The study included quantitative interviews and qualitative focus groups. Findings show that there are five key
JP Morgan Chase and Bank of New York (BNY) announced today how they intend to handle the JP Morgan Investment Management assets which JP Morgan placed with BNY before the merger with Chase. Unsurprisingly, the US assets are returning to
Mellon GSS has appointed Amanda Field to the newly created position of Consultant Relationship Manager. Representing Mellon European Fund Services (MEFS) and ABN AMRO Mellon, Field is responsible for the development and enhancement of relationships with the European consultant community.