Goldman Sachs Asset Management has announced that The Royal Bank of Scotland will now feature on its Global Cash ServicesSM Portal, a multi-fund family cash management and trading platform. The Portal is able to offer access to approximately $92bn (£46.8bn) of offshore money market fund liquidity in US dollars, euros and sterling (source: iMoneyNet 02.02.07). According to GSAM, the Portal was the first multi-fund trading platform globally which allowed clients to manage all of their liquidity requirements on one single website. Institutional investors are able to trade cash funds online, receive consolidated reporting on transactions in real-time, check balances, fund performance information, interest accruals and view account histories across all fund families.
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.