Latest Banking News
Deutsche Bank Acquires Sal. Oppenheim Group
Deutsche Bank has closed the acquisition of Sal. Oppenheim Group for EUR1bn, excluding BHF Asset Servicing which is being on-sold. Sal. Oppenheim jr. & Cie is now a wholly owned subsidiary of Deutsche Bank.
Published: 16-Mar-2010
BNP China JV To Launch Mainland-HK Fund
BNP Paribas' China fund venture intends to launch a mutual fund in China that will invest in both Chinese and Hong Kong markets, reported Reuters citing two sources familiar with the matter.
Published: 16-Mar-2010
BofA Merrill Lynch Fund Manager Survey Reveals Investors Shifting Focus From Europe To US, Japan
Investors, who have recovered their bullishness towards equity markets, are shifting their focus away from Europe and into the US and Japan, according to the BofA Merrill Lynch Survey of Fund Managers for March.
Published: 16-Mar-2010
FBR Capital Markets Acquires Mutual Fund Operations Of AFBA
FBR Asset Management Holdings, a subsidiary of FBR Capital Markets, has acquired mutual fund operations of AFBA 5Star Investment Management, a related enterprise of the Armed Forces Benefit Association (AFBA).
Published: 15-Mar-2010
Emirates NBD Launches New MENA Fixed Income Fund
Emirates NBD has launched an open ended US dollar denominated MENA Fixed Income Fund to achieve a high level of income as well as capital growth by investing in a portfolio of fixed-income instruments, predominantly from issuers in the MENA region.
Published: 13-Mar-2010
Direxion Shares Launches Six New ETFs
Direxion Shares, a provider of alternative and investment strategies to investors, has launched six new Direxion Shares Daily ETFs to its existing lineup of multi-directional, leveraged funds. This brings the total number of leveraged ETFs offered by Direxion to 34.
Published: 11-Mar-2010
State Street Launches New Russia ETF
State Street Global Advisors (SSgA), the investment management business of State Street, has launched SPDR S&P Russia ETF and commenced the trading on the Nyse Arca.
Published: 11-Mar-2010
Apollo Management To Buy Citi Property Investors
Apollo Management has signed a letter of intent to acquire Citi Property Investors, the real estate investment unit of Citigroup, in a bid to triple the value of its property assets.
Published: 10-Mar-2010
JP Morgan To Provide Collateral Management Services For Government of Canada
JP Morgan Worldwide Securities Services has been selected by the Government of Canada to provide an expanded set of collateral management services for derivatives.
Published: 10-Mar-2010
BNP Paribas To Offer Local Custody Services In India
BNP Paribas Securities Services, one of the divisions of BNP Paribas India, has been granted a custody licence by the Securities and Exchange Board of India.
Published: 09-Mar-2010
