Banking Business Review

MasterCard Q4 net income falls MasterCard has reported a net income of $19m, or $0.15 diluted earnings per share, for the fourth quarter of 2011, compared to $415m, or $3.16 diluted earnings per share, for the same period in 2010. Banking Services > Payments > News

CME Group Q4 profit surges CME Group has reported a net income of $745.9m, or $11.25 diluted earnings per share, for the fourth quarter of 2011, compared to $196.2m, or $2.93 diluted earnings per share, for the same period in 2010.
Intermediaries > ECN & Exchanges > News Ameriprise Financial Q4 net income decreases Ameriprise Financial has reported a net income of $253m, or $1.08 diluted earnings per share, for the fourth quarter of 2011, compared to $280m, or $1.08 diluted earnings per share, for the same period in 2010.
Wealth & Assets Management > Asset Management > News Citi to offer hedge fund middle office services to Veritable By BBR Staff Writer
Citi has secured a mandate independently owned registered investment advisor Veritable to provide a comprehensive suite of hedge fund services including middle office, fund accounting, and investor services.
Wealth & Assets Management > Hedge Funds > News

FINRA charges Charles Schwab for violating customer agreement rules By BBR Staff Writer
The Financial Industry Regulatory Authority (FINRA) has charged Charles Schwab & Company for violating FINRA rules by requiring its customers to waive their rights to bring class actions against the firm.
Policies & Regulatory Compliance > News EC rejects Deutsche Borse, NYSE Euronext proposed merger The European Commission has rejected the proposed merger between Deutsche Borse and NYSE Euronext.
Intermediaries > ECN & Exchanges > News Kiwibank selects Broadridge for enterprise-level reconciliation management By BBR Staff Writer
New Zealand-owned Kiwibank has selected Broadridge’s PROactive Reconciliation solution for automation of reconciliations and investigations at an enterprise level across all areas of the bank.
Technology > Banking Technology > News

Latest News and Insight by Sector

Banking Services

MasterCard launches East African regional headquarters in Kenya

03 February 2012 | By BBR Staff Writer

MasterCard has opened its official East African regional headquarters in Nairobi, Kenya, in a bid to liaise with its existing customers across the region and to serve as a launch pad for further expansion.
News

MasterCard Q4 net income falls

03 February 2012

MasterCard has reported a net income of $19m, or $0.15 diluted earnings per share, for the fourth quarter of 2011, compared to $415m, or $3.16 diluted earnings per share, for the same period in 2010.
Banking Services > Payments > News

Wealth & Assets Management

SGSS Italy secures custody mandate from BSI Wealth Family

03 February 2012

BSI Wealth Family SIM has appointed Societe Generale Securities Services in Italy to provide personalised custody and settlement services.
Wealth & Assets Management > Asset Management > News

Ameriprise Financial Q4 net income decreases

02 February 2012

Ameriprise Financial has reported a net income of $253m, or $1.08 diluted earnings per share, for the fourth quarter of 2011, compared to $280m, or $1.08 diluted earnings per share, for the same period in 2010.
Wealth & Assets Management > Asset Management > News

Intermediaries

CME Group Q4 profit surges

03 February 2012

CME Group has reported a net income of $745.9m, or $11.25 diluted earnings per share, for the fourth quarter of 2011, compared to $196.2m, or $2.93 diluted earnings per share, for the same period in 2010.
Intermediaries > ECN & Exchanges > News

EC rejects Deutsche Borse, NYSE Euronext proposed merger

02 February 2012

The European Commission has rejected the proposed merger between Deutsche Borse and NYSE Euronext.
Intermediaries > ECN & Exchanges > News

Technology

Kiwibank selects Broadridge for enterprise-level reconciliation management

03 February 2012 | By BBR Staff Writer

New Zealand-owned Kiwibank has selected Broadridge’s PROactive Reconciliation solution for automation of reconciliations and investigations at an enterprise level across all areas of the bank.
Technology > Banking Technology > News

Brazil's BBM choses SunGard's Asset Arena for investment accounting operation

01 February 2012 | By BBR Staff Writer

Asset management firm located in Rio de Janeiro, BBM Investimentos (BBM) has selected SunGard’s Asset Arena Investment Accounting system to automate its fund accounting process.
Technology > Banking Technology > News

Policies & Regulatory Compliance

FINRA charges Charles Schwab for violating customer agreement rules

02 February 2012 | By BBR Staff Writer

The Financial Industry Regulatory Authority (FINRA) has charged Charles Schwab & Company for violating FINRA rules by requiring its customers to waive their rights to bring class actions against the firm.
Policies & Regulatory Compliance > News

FINRA fines Merrill Lynch $1m for failing to arbitrate disputes with employees

26 January 2012

The Financial Industry Regulatory Authority (FINRA) has fined Merrill Lynch, Pierce, Fenner & Smith $1m for failing to arbitrate disputes with employees relating to retention bonuses.
Policies & Regulatory Compliance > News

Risk Management

Lime Brokerage unveils new risk management tool

20 January 2012 | By BBR Staff Writer

Lime Brokerage has launched a new risk management application, LimeDirect that offers near frictionless trading by allowing the client to control the market drivers and network.
Intermediaries > Prime Brokerages > News

Barclays chooses Rockall Technologies collateral, risk management solution

12 January 2012 | By BBR Staff Writer

Barclays Corporate has selected Rockall Technologies' Systematic Tracking of Collateral management solution (STOC) to minimise risk in its business.
Technology > Banking Technology > News

Report Store

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