Societe Generale has agreed to buy J.P. Morgan Chase & Co.'s trust bank in Japan. The renamed SG Private Banking (Japan) Ltd. will manage assets of about 300 billion yen ($2.4 billion). No price was disclosed. The French bank aims
EuroCredit MTS says it is re shaping its eligibility criteria to accommodate the growing volume of bonds which meet its €3 billion minimum listing criterion. The market now determines which bonds are benchmarks via a new selection process. Each market
Shareholders of Bank Sarasin & Cie, a 161 year old Swiss private bank that caters to wealthy clients, have agreed the sale of a 28 percent stake to Rabobank. Agreement on the purchase was announced on March 4. The deal
JPMorgan Investor Services announced today that it was appointed global custodian to E.ON Energie AG, part of the Munich based E.ON AG gas, water and electricity utility. JPMorgan will be responsible for global custody, securities lending, as well as mutual
Northern Trust today launched Global Investor Passport, a Web portal designed to provide institutional investors with access, analysis and monitoring of multiple sources of data impacting portfolios on a daily basis. "By utilizing an information centric approach and a portal
Macgregor(TM), a global provider of buy side trade order management systems (OMS) and FIX network services, today announced that the State of Michigan has selected the Macgregor Financial Trading Platform(TM) (MFTP(TM)) to automate its equity and fixed income trading. The
ING Group announced today that it had sold 35.5 million shares in Fortis, the Belgo Dutch financial group, at a price of EUR 22.75 per share in cash, generating gross proceeds of about EUR 808 million and a net (book)
The value of the assets held in custody by the Swiss banks on behalf of wealthy investors shrank by 8.5 per cent in 2001, from Sfr 3,716 billion at the end of 2000 to Sfr 3,400 billion at the end
SunGard Securities Processing, an operating group of SunGard, announced today that Michael Cox has been appointed president of SunGard Securities Processing, provider of real time transaction processing systems for broker dealer equities and fixed income, exchange traded derivatives, futures and
Deutsche Brse says it will place up to 10,276,000 new shares with institutional investors in Europe and the US through a private placement. The proceeds will be used partly to finance the acquisition of the 50 per cent of Clearstream