NewsRSS

Barclays Corporate appoints new head of FI as it targets growth

Barclays Corporate is making Matt Tuck its new head of financial institutions. Tuck joins from Deutsche Bank, where over the last eight years he has held a series of management positions, most recently as regional head of FI cash management for Northern Europe, and global co-head of non-FI cash management sales. He previously held operations […]

Global Payments in deal with la Caixa for Spanish merchants

La Caixa, the largest Spanish retail bank, is taking a minority stake in a joint venture with payment processor Global Payments to provide merchant acquiring and payment processing services in Spain. Under the deal, Global Payments will pay €125 million in cash to acquire a 51% majority ownership. La Caixa will retain 49% and contribute […]

CECA sets out to value all its complex derivatives and improve oversight

The Confederación Española de Cajas de Ahorros (CECA), the National Association of Spanish Savings Banks, is extending its use of SunGard’s FastVal Analytics suite of derivatives pricing models to cover all of its wholesale operations. The banking collective will use it to help its risk department value and manage complex interest rates and OTC foreign […]

Banking Technology Awards 2010 – See the winners here

The 11th annual Banking Technology Awards were held last night at the Grosvenor House Hotel in Park Lane, London. These prestigious awards are intended to reward excellence in the use of IT in financial services and attracted numerous entries from Lloyds Banking Group, Deutsche Bank, Absa, RBS, Nomura, Credit Suisse, Standard Bank, Citi and many […]

Financial services needs to reconnect with UK economy says Treasury secretary

Help needed for businesses and to support the recovery industry told yesterday at the Economist UK Financial Services Summit, while sector faces up to a changing retail business model, new technology challenges and competition from new entrants The pressure to improve lending rates and the debate about banks’ role in supporting the economy came to […]

Rival electronic corporate bond platforms get green light

Proposals for corporate bond platforms from NYSE Euronext, the London Stock Exchange’s MTS and TradingScreen have been recommended by the Cassiopeia Committee, a group set up earlier this year to express opinions on the consistency of corporate bond platform proposals. Having reviewed the submissions put to it, "the committee considers that its mission is now […]

Chi-East dark pool comes into the light

The new Chi-East dark pool trading venue, a joint venture between the Singapore Exchange (SGX) and Chi-X, has started its operations. The trading platform is now offering participants non-displayed trading of Asian securities, initially in Hong Kong, Singapore and Japan, with further roll outs to follow in 2011. Large blocks of trades can be processed […]

New MSN-branded trading platform from Saxo Bank is aimed at retail investors

Saxo Bank has designed a new trading platform in cooperation with Microsoft and is describing the deal as "one of the most significant in its history". Based upon the bank’s WebTrader product the new MSN Trader platform has been specially tailored for the MSN Money website, which gets 1.2 million visitors per month, opening up […]

ABC cultivates global payments reach

The Agricultural Bank of China has signed a memorandum of understanding with Deutsche Bank to expand the existing cash management collaboration deal between the two beyond the country’s borders and into the global arena, covering remittances to and from China worldwide. ABC will widen its usage of Deutsche Bank’s Money Transfer New Architecture platform, providing […]

Exchange Traded Funds supremo at State St targets growth

State Street Global Advisors, the investment management arm of the Corporation, is making Scott Ebner global head of ETF product development. Reporting to James Ross, senior managing director, in the SSgA London office, Ebner will be responsible for developing, enhancing and launching State Street’s exchange traded funds worldwide.  Ebner joins from NYSE Euronext, where he fulfilled […]

@banking
techno