12/16/2012

Switzerland's SIX to Buy Oslo Exchange's Post-Trade Unit

The envisaged consolidation of additional volumes and clients on to a single platform is also expected to help reduce unit costs and increase flexibility for customers. Integration work will start after closing of the transaction in 2014.

12/12/2012

Schroders announces launch of EURO High Yield fund

Schroders has announced the launch of Schroder ISF EURO High Yield, a new fund which will invest a minimum of 70% in a portfolio of bonds rated below investment grade, mainly from European issuers.

12/12/2012

ICBC in Deal Talks With South African Bank

State-controlled ICBC, China's largest bank by assets, is seeking to acquire a 60% stake in the South African bank's commodities and foreign-exchange business centered in London, the people said.