Dresdner Bank is transferring its Custody Solutions unit to Deutsche Bank. The two parties have signed a definitive agreement to this effect. Assets under custody of more than Euro 200 billion will be transferred. Deutsche Bank will make an offer to the respective Dresdner Bank employees to continue their work at Deutsche Bank. The transfer will cover the settlement, custody and administration of mainly German securities and traded derivatives for national and international financial intermediaries. These include banks, international central custodians, global custodians and insurance companies, but not Dresdner Bank’s private and corporate clients and the mutual funds of Allianz Group.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more