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Mellon Capital Selects Eagle’s Data Management Solution Following Successful Performance Project

Thu, 08/19/2010 - 04:36
Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that Mellon Capital Management Corporation has selected Eagle’s data management platform in addition to the vendor’s performance measurement and attribution system...

Eagle Investment Systems LLC

Categories: Google

SS&C Expands European Performance Services Team

Thu, 08/19/2010 - 04:17
Peter Kassar Appointed Managing Consultant, Performance and Risk ProductsSS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Peter Kassar has joined our London based Performance and Risk Products Group as...

SS&C Technologies Inc.

Categories: Google

Religare Technova acquires equity stake in forming strategic partnership with Chase Cooper

Thu, 08/19/2010 - 02:43
Religare Technova today announced that through Religare Technova Global Solutions Pty Ltd (RTGS), it has formed a strategic partnership with Chase Cooper Limited, following the acquisition of a major equity stake in its parent holding company. RTGS, a global IT solutions provider for Capital...
Categories: Google

Barclays' sanctions violations settlement refused approval by judge

Thu, 08/19/2010 - 02:25
Barclays' proposed $298 million settlement with the US government over allegations that it violated sanctions to trade with five countries has been refused approval by the judge in the case.The bank had been accused of breaking sanctions relating to Cuba, Libya, Iran, Sudan and Burma in a period...
Categories: Google

Temenos and CSC Announce Strategic Partnership

Thu, 08/19/2010 - 00:20
Temenos (SIX: TEMN), the market leading provider of banking software, and CSC (NYSE: CSC), a leading global IT service provider today announced a strategic partnership agreement to enhance the delivery and service capabilities for Temenos core banking solutions in Germany, Austria and Switzerland....

Temenos

Categories: Google

SRL Global Appoints Alex Lowe as Managing Director

Wed, 08/18/2010 - 22:06
SRL Global, a technology partner to the investment community and in particular to pension funds, insurance companies, endowments and large family offices has announced the appointment of Alex Lowe as Managing Director. Alex will be primarily responsible for the commercial direction of the company,...
Categories: Google

Insider trading 'attracting organised criminals'

Wed, 08/18/2010 - 21:46
Organised criminals in the US and the UK are becoming involved in insider trading deals as they see it as a low-risk way to make money.While regulators in America have been concerned about the problem for around 15 years, British authorities are now stepping up their efforts to crackdown on the...
Categories: Google

Nomura CEO receives £22m pay off, news report claims

Wed, 08/18/2010 - 21:44
Sadeq Sayeed, Nomura’s chief executive officer (CEO) for Europe, has received a pay off of £22 million, a news report has claimed.According to the Times, the figure is thought to be one of the largest severance payments made in the UK. The banking chief, who was head of its activities in Europe...
Categories: Google

Gartmore blames financial loss "primarily" on fund manager’s resignation

Wed, 08/18/2010 - 21:40
Gartmore has blamed an outflow of investment in the first half of 2010 on the resignation of one its top fund managers during the period. According to statistics published by the financial firm, almost £1.7 billion was withdrawn by clients in the six months to June 30th. A further £238 million was...
Categories: Google

Lehman Brothers advisers received almost $1bn in fees

Wed, 08/18/2010 - 21:38
The amount of money paid to financial advisers handling the winding up of failed bank Lehman Brothers has almost reached $1 billion, a filing has claimed.According to the documentation, advisers working with Lehman Brothers Holdings were paid $44.5 million over the course of the last month. Alvarez...
Categories: Google

China’s AgBank completes largest ever IPO

Wed, 08/18/2010 - 21:32
The Agricultural Bank of China (AgBank) raised a record-breaking $22.1 billion in an initial public offering (IPO) made during July. According to the financial services provider, the figure was the largest IPO ever raised and surpasses the $21.9 billion set by the Industrial and Commercial Bank of...
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Barclays fined $298m for sanction violations

Wed, 08/18/2010 - 21:29
Barclays Bank has received a penalty of $298 million after being accused of breaking sanctions by transacting with banks based in banned nations under US law.According to the US Justice Department, the financial institution dealt with banks in Iran, Burma, Cuba, Sudan and Libya, all countries which...
Categories: Google

Theoria Capital Management Implements SunGard’s Front Arena for Trading and Risk Management of Multi-Strategy Hedge Fund

Wed, 08/18/2010 - 03:39
Theoria Capital Management (Theoria Capital), a Singapore-based fund management company, has implemented SunGard’s Front Arena to support trading and risk management across its multi-strategy hedge fund operations. A multi-asset solution providing trade capture, real-time P&L and desk-level risk,...

SunGard Corporate

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Santander 'restarts M&T merger talks'

Wed, 08/18/2010 - 02:10
Santander has restarted talks with M&T Bank over the possibility of merging their US operations.Insider sources told the Financial Times that question marks remain over who would control the combined businesses of Sovereign - the name of Santander's American unit - and M&T.Talks originally ground to...
Categories: Google

Fiserv Announces Zions Bancorporation to Implement Image Enabled Exceptions Processing

Wed, 08/18/2010 - 02:09
Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that Zions Bancorporation has signed on to use ARP/SMS(TM): Exceptions Workflow, an image enabled exceptions application. Zions Bancorporation has been using the Fiserv ARP/SMS...

Fiserv

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'Natwest Three' bullied into guilty plea, banker claims

Tue, 08/17/2010 - 22:58
One of the ‘Natwest Three’ has claimed their guilty pleas were extracted from them under duress, reports have claimed. Gary Mulgrew, David Bermingham and Giles Darby were three businessmen extradited to the US after they were accused of stealing $7.3 million from the Royal Bank of Scotland...
Categories: Google

Goldman Sachs executives made millions of dollars from share options

Tue, 08/17/2010 - 22:56
Many top executives working at Goldman Sachs have earned millions of dollars in profits by exercising their stock options, a report has claimed. According to a filing made to the Securities and Exchange Commission (SEC), Lloyd Blankfein, chairman and chief executive officer of the bank, received...
Categories: Google

New rules surrounding high-speed trades needed, global regulator urges

Tue, 08/17/2010 - 22:46
New rules and guidelines are required to monitor firms dealing in high-speed trading, a global regulator for the financial services industry has claimed. According to a new report, published by the technical committee of the International Organisation of Securities Commissions (IOSCO), the safety of...
Categories: Google

HSBC to review headquarters location, newspaper report claims

Tue, 08/17/2010 - 22:40
HSBC is to review the suitability of London as a location for its headquarters, a newspaper report has claimed. According to the Independent, the financial services provider is thought to be contemplating a move away due to the UK coalition government’s promise of tighter regulation and tax rises...
Categories: Google

Citigroup head of mobile and online banking 'to leave post'

Tue, 08/17/2010 - 22:04
Liza Landsman, US head of mobile and online banking for Citigroup, is reportedly set to leave her post.Insider sources told Bloomberg that Ms Landsman, who was appointed to the role in August 2009, has tendered her resignation.Reacting to the news, Thomas Noyes, who ran Citigroup's international...
Categories: Google
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