Latest news 25 May 2012

Presented in Budapest the main initiatives and projects in the areas of e-payments, mobile payments and NFC (Near Field Communication) technology to consolidate the presence of SIA Group at international level 170 million transactions, of which 105 million relating to banks (almost a third of the total in Hungary) and 65 million relating... read more

Lehman Brothers is set to spend $1.58 billion on purchasing the remaining stake of apartment company Archstone it does not already own, it has emerged.  The major US bank already maintains a 73.5 per cent proportion of the firm but has now reached an agreement to buy the other 26.5 per cent from the current holders Bank of... read more

Banks in the US recorded a collective net profit of $35.3 billion in the opening quarter of this year, new figures have revealed.   According to the Federal Deposit Insurance Corporations' (FDIC) latest report on the country's banking sector, this level of net income is financiers' best quarterly performance for... read more

The improvement in overall Chinese business conditions slowed in May as the growth in new orders and financial positions dipped, although a price squeeze moderated from April, leaving a still decidedly mixed result for the MNI China Business Sentiment Indicator. The overall current business conditions index fell to 54.40 from... read more

Confidence in the US economy has taken another hit following the publication of new data relating to the country's manufacturing industry.  Markit's latest flash purchasing managers' index (PMI) for America - which was released yesterday (24 May) afternoon - revealed that output in this sector has dipped markedly... read more

Embattled Spanish financier Bankia is set to request a multi-billion dollar government bailout today (25 May).   New management officials at the bank - which was recently part-nationalized but remains Spain's fourth-largest lender - are scheduled to present their plans to restructure the company to policymakers later... read more

Alacra, Inc., a leading provider of business information-based solutions for the financial and professional services industries, have announced the release of “The Periodic Table of Bank Regulation and Compliance”. “I can't keep track of all these financial regulations!” Alacra had heard that lamentation more... read more

Bolsa de Valores de Colombia (BVC), the official Securities Exchange of Colombia, has certified SunGard as an international market data provider. SunGard will source market data directly from the exchange and distribute it globally via the SunGard Global Network (SGN), which provides multi-asset order-routing capabilities for institutional asset... read more

Weswit, a global leader in real-time Web streaming solutions, announces its new Startup Program to provide promising new businesses with Lightstreamer technology. Lightstreamer is the most advanced platform for real-time bi-directional data delivery over the Web. It is already used in several mission-critical production systems, as well as... read more

Addition of new geographies strengthens firms’ existing relationship Object Trading, an independent provider of global direct market access (DMA), have announced that The Kyte Group, an integrated clearing, broking and investment service provider for professional traders and investors around the world, is extending its global... read more