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1597 Results from 2005

/wholesale

Oracle objects to Refco software transfer

The Wall Street Journal is reporting that Oracle is objecting to the transfer of a software contract to Man Financial under the firm's recent acquisition of Refco.

/retail

Japanese ATMs open access to Chinese cardholders

Eight hundred million China UnionPay (CUP) cardholders are to get access to ATM networks in Japan through a gateway platform provided by JCB International.

/regulation

Cbot and SGX to set up new Asian commodities exchange

The Chicago Board of Trade is partnering with the Singapore Exchange to launch a new electronic commodities market, dubbed Jade (Joint Asian Derivatives Exchange).

/retail

EDB Business Partner looks for growth in cards sector with TAG acquisition

EDB Business Partner is to acquire the Norwegian card company TAG Systems, for Nkr250 million and assumption of Nkr50 million debt.

/retail

Thai banks to set up Internet payments network

The Bank of Thailand (BOT) has approved the setting up by the Thai Bankers’ Association of a national Interbank Transaction-Management Exchange (ITMX) to provide electronic payment services over the Internet, according to a report in The Nation newspaper.

/retail

ABN Amro customer data tape lost in transit

ABN Amro Mortgage Group, a US subsidiary of the Dutch banking giant, says a computer tape containing the confidential data for two million customers was lost while being transported to a credit bureau.

/retail

First Data cuts three per cent of workforce

US e-payments processor First Data says it is cutting three per cent of its workforce and will implement further cost reduction measures before the end of the year.

/wholesale

Banks looking to raise MTS stakes - Reuters

Several bulge bracket banks are reputedly looking to raise their stakes in European government bond trading platform MTS after a number of shareholders pulled out of the company.

/wholesale

Royal Bank of Scotland mulls world's largest trading floor

The Royal Bank of Scotland is mulling proposals to build the world's largest trading floor at a new $400m, 500,000 square foot office complex in Stamford, Connecticut.

/wholesale

Nyse begins trials of new hybrid market

The New York Stock Exchange has begun pilot trials of its proposed hybrid market, which aims to combine fast on-screen dealing systems with traditional floor-based market-making.

/retail

Voca and Link win UK e-payments tender

Clearing house Voca and cash machine network operator Link have won a contract to supply a new near-real-time e-payments clearing system for the UK banking industry.

/wholesale

Cbot slashes 40 jobs

The Chicago Board of Trade (Cbot) is axing 40 jobs - or five per cent of its workforce - as part of a restructuring of its technology and operations divisions that will cut costs by up to $11 million a year.