Opportunistic cyber-squatters are seeking to capitalise on the rush of emergency mergers on Wall Street by snapping up domain names related to the collapsed banks and their buyers.
US investment bank Bear Stearns is rolling out Advent Software's portfolio management and fund accounting platform Geneva across its prime brokerage operations.
British banking group HSBC has come out top in a study that examines how global banks are tackling the risks and challenges posed by global warming and climate change.
Azul Systems today announced that Bear Stearns, a leading global investment banking, securities trading and brokerage firm, has chosen to implement Azul Vega 2 Compute Appliances to cost-effectively scale its derivatives trading applications.
US investment bank Bear Stearns is axing 650 positions - about four per cent of its work force - with most cuts rumoured to be at its IT, legal and compliance departments.
Markit Group Limited ("Markit") announced today that it has completed its acquisition of CDS IndexCo LLC ("CDS IndexCo"), owner of the CDX credit derivative indices and the synthetic structured finance and loan indices ABX.HE, CMBX and LCDX.
Exchange operator Nyse Euronext is establishing a block trading joint venture with Bids Holdings, the Wall Street consortium that is setting up its own alternative platform for equity block stock trading.
Atlantic Syndication Network, (BULLETIN BOARD: ASNI.OB) Zealous ATS, LLC or ZATS, a global electronic marketplace for restricted and illiquid securities announced that it will facilitate the trading and settlement of Rule 144a securities creating a centralized marketplace for issuers, underwriters and investors including securities previously issued on other electronic platforms such as Goldman Sachs GS TRUE, NASDAQ's Portal Marketplace, OPUS-5, FBR PLUS, Bear Stearns BEST Markets, and JP Morgan's 144a PLUS.
Bank of America, Credit Suisse and UBS have joined Opus-5, a bank-backed electronic trading platform for unregistered securities.
Wall Street firms Citi, Lehman Brothers, Merrill Lynch, Morgan Stanley and The Bank of New York Mellon are to jointly establish an electronic trading platform for unregistered securities.
© Finextra Research 2013