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JPMorgan reveals $2bn trading loss
JP Morgan revealed that it has suffered nearly $2bn trading loss due to a failed hedging strategy on synthetic credit securities.
Banking Services > Retail Banking > News
Banking Services > Retail Banking > News
Genpact to buy Atyati Technologies
Genpact has signed a definitive agreement to takeover Atyati technologies, a technology platform provider for the rural banking sector in India, for an undisclosed sum.
Technology > Banking Technology > News
Technology > Banking Technology > News
HSBC introduces new fund for US retail investors
HSBC Global Asset Management has launched the World Selection Income Strategy Fund intended for US retail investors.
Wealth & Assets Management > Asset Management > News
Wealth & Assets Management > Asset Management > News
Credit Suisse introduces new mutual fund
Credit Suisse’s asset management division has introduced Liquid Alternative Fund, a new mutual fund which offers maximum alternatives exposure.
Wealth & Assets Management > Mutual Funds > News
Wealth & Assets Management > Mutual Funds > News
UniCredit Q1 net profit increases by 14% to EUR914m
UniCredit, a pan-European banking organisation, has posted a 14% rise in its net profit for the first quarter of 2012, which stood at €914m compared to a net profit of €810m during the first three months of 2011.
Banking Services > Retail Banking > News
Banking Services > Retail Banking > News
Ladenburg Thalmann Q1 revenue jumps by 170%
Ladenburg Thalmann Financial Services has reported a 170% rise in its revenues, which stood at $154.7m for the first quarter of 2012, compared to revenues of $57.2m during the year ago quarter, attributed by the acquisition of Securities America.
Wealth & Assets Management > Asset Management > News
Wealth & Assets Management > Asset Management > News
EverBank unveils new wealth management company
US based EverBank has unveiled its new wealth management unit, EverBank Wealth Management, to provide institutional caliber investment strategies to affluent customers in the region.
Wealth & Assets Management > Asset Management > News
Wealth & Assets Management > Asset Management > News
OCBC Group Q1 net profit jumps by 32%
Singapore based Oversea-Chinese Banking Corporation (OCBC) has registered a 32% surge in its net profit to S$832m ($665m) for the first quarter of 2012, compared to a net profit of $628m ($502m) during the corresponding quarter of 2011.
Banking Services > Retail Banking > News
Banking Services > Retail Banking > News
MIG Bank opens a new European subsidiary
Switzerland based online trading expert, MIG Bank SA has rolled out its European subsidiary MIG Capital (Europe), with an aim to bring greater transparency and security to the forex markets.
Intermediaries > ECN & Exchanges > News
Intermediaries > ECN & Exchanges > News
Phase4 Ventures selects Citi as private equity fund administrator
Phase4 Ventures, a UK based venture capital firm, has appointed Citi to cater document safekeeping and fund administration services.
Wealth & Assets Management > Asset Management > News
Wealth & Assets Management > Asset Management > News
Thomson Reuters debuts SEC reporting system
Thomson Reuters has unveiled a new solution for filing of financial disclosures with the US Securities and Exchange Commission (SEC) in alignment with the SEC’s XBRL mandate.
News
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Markit to buy Cadis
Financial information services firm Markit has agreed to acquire Cadis, a provider of enterprise data management services.
Intermediaries > ECN & Exchanges > News
Intermediaries > ECN & Exchanges > News
Market Vectors unveils emerging markets high yield bond ETF
Market Vectors ETF Trust has rolled out its Emerging Markets High Yield Bond ETF, which the firm claims to be developed to focus only on the US dollar denominated non-sovereign segment of the EM high-yield bond market.
Wealth & Assets Management > Asset Management > News
Wealth & Assets Management > Asset Management > News
Portware to buy assets of Aritas
Portware, a provider of broker-neutral, multi-asset trading solutions, has agreed to acquire the technology and analytical assets of Aritas Group, an operator of institutional electronic brokerages in the US and Europe.
Technology > Banking Technology > News
Technology > Banking Technology > News
Visa, Obopay partner for real-time disbursements to prepaid cards
Visa has established a strategic partnership with Obopay to offer near real-time payment solutions for disbursing electronic funds to a prepaid card, with a strategy to broaden the use of digital currency over cash and checks.
Banking Services > Payments > News
Banking Services > Payments > News