Bank of America (BoA) has joined State Street's electronic foreign exchange trading system, FX Connect, part of the Boston based bank's Global Link online investment service.
State Street's Global Link offers institutional investors access to a variety of internet based finance applications and services, including connectivity to global investment managers' chosen trading destinations, multiple exchanges, brokers, bank counterparties and other online trading venues.
BoA is the 23rd bank to participate in FX Connect since it opened to multiple counterparties in May last year.
By Geoffrey Ho
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
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Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.