Shares in Merrill Lynch & Co. were up yesterday following a report in the Boersen Zeitung newspaper in Germany that UBS may buy the company. UBS denied the report. Merrill has been the subject of speculation about its future for
HSBC's global custody division, Global Investor Services (GIS), participated successfully for the clearing of debt instruments on behalf of six major clients in the Repoclear CCP service launched by the London Clearing House on 5 August 2002. HSBC acts as
Bank of Tokyo Mitsubishi, citing a report in Nihon Keizai Shimbun, says that the Ministry of Finance (MOF) in Japan will start to issue inflation linked JGBs, whose principal at redemption increases in line with the annual inflation rate, from
MTS Germany and EuroMTS say they have reinforced their overall lead in Europe in the electronic trading of German fixed income products as their turnover in Bunds, Kreditanstalt fr Wiederaufbau (KfW), Pfandbriefe and Lnder securities reached a new record level
Barclays Capital announces the appointment of Sir David Wright as Vice Chairman with effect from January 1, 2003. Sir David will be based in London and will be a senior relationship adviser for the firm with special emphasis on the
Credit Suisse First Boston (CSFB) yesterday became a Market Maker on the sovereign segment of MTS Francet. CSFB, previously a Market Taker on the platform, takes the number of sovereign Market Makers on MTS France to 23, with 1 Market
In a letter to a Dutch newspaper, Jean Frijns, director ABP Investment Management, and Roderick Munsters, director PGGM Investments, have explained why the two giant Dutch pension funds have decided to suspend their stock lending programmes. They agree that this
SunGard eProcess Intelligence, an operating unit of SunGard, announced today that it will launch a new liquidity management solution intelliMATCH Cash and Collateral Management at Sibos in Geneva on the first week of October. The new solution aims to allow
Eurex Bonds, the electronic trading platform for fixed income securities, will offer real time trading data off the trading screen from September 2 2002. This means that currently tradable prices (best ask and best bid price) as well as trading
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