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Updated: 12 min 16 sec ago

BNY Mellon Treasury Services expands suite of payment solutions for corporate clients with the addition of MasterCard Payment Gateway(TM)

12 min 17 sec ago

New York and Purchase, NY, United States, 21 December 2009 (www.biznewsselect.com) BNY Mellon Treasury Services and MasterCard Worldwide today announced that BNY Mellon will be integrating the MasterCard Payment GatewayTM into its suite of payment solutions for corporate clients. Complementing the ACH, wire transfer and check payment services already available from BNY Mellon, the MasterCard Payment Gateway will allow BNY Mellon clients to take advantage of the speed, cost efficiency, security and disbursements management benefits of electronic B-to-B card payments as part of a comprehensive array of payment alternatives.

BNY Mellon acquires Portsmouth Financial Systems to provide clients and investors greater transparency for structured credit portfolios

12 min 17 sec ago

New York, United States, 21 December 2009 (www.biznewsselect.com) BNY Mellon, the global leader in asset management and securities servicing, has acquired Portsmouth Financial Systems, a developer of modeling and analytics of structured credit transactions.

The Society of Anti Money Laundering Professionals: launch of Accredited Training Course Provider scheme

12 min 17 sec ago

Hong Kong and London: 8 March 2010 (www.biznewsselect.com)

The Society of Anti Money Laundering Professionals has today announced the launch of its Accredited Training Course Provider scheme.

The Society of Anti Money Laundering Professionals launches new membership class

12 min 17 sec ago

Hong Kong and Kuala Lumpur: 8 March 2010 (www.biznewsselect.com). The Society of Anti Money Laundering Professionals has launched a new class of membership. For this class, there is no annual membership fee for 2010.

Quick To Learn More expands and updates content units

12 min 17 sec ago

London, Kuala Lumpur, Hong Kong 3 March 2010 (www.biznewsselect.com) Quick To Learn More, the leading AML / CFT e-learning programme has expanded and updated several of its market segmentation modules.

Hong Kong's latest foreign currency reserve assets figures released

12 min 17 sec ago

Hong Kong, 7 January 2010 (www.biznewsselect.com) The Hong Kong Monetary Authority (HKMA) announced today (Thursday) that the official foreign currency reserve assets of Hong Kong amounted to USD255.8 billion at the end of December 2009 (end-November 2009: USD256.3 billion)

International reserves of BNM as at 31 December 2009

12 min 17 sec ago

Kuala Lumpur, Malaysia, 7 January 2010 (www.biznewsselect.com) The international reserves of Bank Negara Malaysia amounted to RM331.3 billion (equivalent to USD96.7 billion) as at 31 December 2009. The reserves level as at 31 December 2009 has taken into account the quarterly adjustment of the foreign exchange revaluation loss, following the strengthening of the ringgit against most major currencies during the quarter. The reserves position is sufficient to finance 9.8 months of retained imports and is 4.1 times the short-term external debt.

Bank of England maintains bank rate at 0.5% and continues with GBP200 billion asset purchase programme

12 min 17 sec ago

United Kingdom, England, 7 January 2010 (www.biznewsselect.com) The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling GBP200 billion financed by the issuance of central bank reserves.

Funding status of U.S. pensions tops 85 percent at end of 2009, according to BNY Mellon Asset Management

12 min 17 sec ago

Boston, United States, 6 January 2009 (www.biznewsselect.com) Propelled by rising stocks and an increase in the yields of long Aa corporate bonds, the funded status of the typical U.S. corporate pension plan in December increased 3.0 percentage points to 85.5 percent, the best funding ratio during the entire year, according to monthly figures published by BNY Mellon Asset Management.

Fraudulent website: www.llchbanhk.com

12 min 17 sec ago

Hong Kong, 5 January 2010 (www.biznewsselect.com) The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public in Hong Kong to a fraudulent website with the domain name "www.llchbanhk.com". The website looks similar to the official website of Chong Hing Bank Limited (CHB). CHB has clarified that it has no connection with the fraudulent website.

Perot Systems insider trader agrees to return USD8.6 Million in illicit profits

12 min 17 sec ago

Washington, D.C., United States, 5 January 2010 (www.biznewsselect.com) The Securities and Exchange Commission today announced that a former Perot family companies employee it charged with insider trading in September has agreed to return all of his illicit profits — a total of more than USD8.6 million.

Wells Fargo fourth quarter earnings information

12 min 17 sec ago

San Francisco, United States, 5 January 2010 (www.biznewsselect.com) Wells Fargo & Company (NYSE: WFC) is scheduled to announce its fourth quarter 2009 earnings on Wednesday, January 20, 2010, at 5 a.m. PST (8 a.m. EST). The news release will be available at wellsfargo.com/invest_relations/earnings.

BNY Mellon Asset Servicing appointed by Hungary's MKB Bank to provide global custody services

12 min 17 sec ago

London, United Kingdom, 5 January 2010 (www.biznewsselect.com) BNY Mellon Asset Servicing, the global leader in securities servicing, has been selected by MKB Bank Zrt. (MKB) as global custodian for more than EUR725 million (USD1 billion) in assets across 20 markets.

Early estimates from BNY Mellon reveal almost all asset classes achieved positive returns in 2009

12 min 17 sec ago

London, United Kingdom, 5 January 2010 (www.biznewsselect.com) Estimates released by BNY Mellon Asset Servicing today show that the average UK pension fund achieved an estimated weighted average return of 14.0% for the year ending 31 December 2009 - this is the best return BNY Mellon has recorded since 2005. This is an estimated real return of 14.9% when measured against the Retail Price Index for 2009 and an estimated 12.8% when measured against the National Average Earnings Index.

Beware of illegal foreign currency trading schemes

12 min 17 sec ago

Kuala Lumpur, Malaysia, 4 January 2010 (www.biznewsselect.com) Bank Negara Malaysia would like to caution members of the public not to participate in any illegal investment or training programme on foreign currency trading offered by individuals or companies both domestic and foreign.

Wells Fargo senior leaders receive retention performance share grants

12 min 17 sec ago

San Francisco, United States, 31 December 2009 (www.biznewsselect.com) Wells Fargo & Company’s (NYSE: WFC) board of directors approved a grant of retention performance shares for President and CEO John G. Stumpf and three other executive officers.

Wells Fargo completes repayment of TARP

12 min 17 sec ago

San Francisco, United States, 23 December 2009 (www.biznewsselect.com) Wells Fargo & Company (NYSE: WFC) said today that it has redeemed the USD25 billion of series D preferred stock issued to the U.S. Treasury under the Troubled Asset Relief Program’s Capital Purchase Program. As part of the redemption of the preferred stock, Wells Fargo also paid accrued dividends of USD131.9 million, bringing the total dividends paid to the U.S. Treasury and U.S. taxpayers to USD1.441 billion since the preferred stock was issued in October 2008. As previously stated, by repaying the TARP investment, Wells Fargo will eliminate USD1.25 billion in future annual preferred stock dividends. The U.S. Treasury continues to hold warrants to purchase approximately 110 million shares of Wells Fargo common stock at an exercise price of USD34.01 per share.

BNY Mellon launches Liquidity Services capability in Asia-Pacific

12 min 17 sec ago

Hong Kong, 4 January 2010 (www.biznewsselect.com) BNY Mellon, the global leader in asset management and securities servicing, has expanded its global liquidity services business with the appointment of Filippo Santilli as Managing Director of Liquidity Services for the Asia-Pacific. Based in Hong Kong, Santilli will head BNY Mellon's new liquidity services capability in Asia-Pacific.

Basic rate of interest at 0.12% with effect from 1 January 2010

12 min 17 sec ago

Frankfurt am Main, Germany, 29 December 2009 (www.biznewsselect.com) The Deutsche Bundesbank calculates the basic rate of interest pursuant to section 247 (1) of the German Civil Code (Bürgerliches Gesetzbuch) and publishes its effective level in the Federal Gazette (Bundesanzeiger) pursuant to section 247 (2) of the German Civil Code.

Progress of the HKMA's investigations in Lehman-Brothers-related cases

12 min 17 sec ago

Hong Kong, 31 December 2009 (www.biznewsselect.com) The Hong Kong Monetary Authority (HKMA) announced today (Thursday) that up to 30 December 2009, there were 12,992 complaint cases concerning Lehman-Brothers-related investment products which have been resolved by a settlement agreement reached under section 201 of the Securities and Futures Ordinance (Notes 1 & 2) and 501 cases through the enhanced complaint-handling procedures required by the settlement agreement. Together with the 2,918 cases closed because insufficient prima facie evidence of misconduct was found after assessment or no sufficient grounds and evidence were found after investigation, 75% of the complaints received have now been completed.