Wachovia Bank has purchased Anvils’ ARTS platform for use in its collateralized financing desk. Installation started in May and ARTS is now live at Wachovia. The company also plans to install the Anvil Carry system. According to Anvil, the auto-allocation features of ARTS will enable Wachovia to make better use of its available collateral and therefore contribute significantly to the bank’s aggressive business expansion plans.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.