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Belgium's local commercial bank Belfius Bank has deployed the Numerix CrossAsset analytics platform for its model validation processes, for reducing operational risk and improving model choices....

US Senate is conducting a probe against the functioning of JPMorgan in the wake of $5.8bn trading loses, which slashed the investors’ confidence....

Retail borkerage and wealth management business firm Morgan Stanley Smith Barney (MSSB) has introduced the first upgrade for its new trading platform in a bid to deal with some problematic issues indicated by the financial advisers....

UK based Touchstone Investments, a wholly owned subsidiary of Western & Southern Financial Group, has completed the acquisition of the assets of 16 mutual funds from Fifth Third Asset Management, (FTAM), announced in April....

Barclays has inked an agreement with Dutch pension fund PGGM to dispose of its 60% stake in one of the UK’s largest student housing landowners, University Partnerships Programme (UPP) for approximately $1.35bn....

Philadelphia based Nationwide Mutual Insurance has launched a new mutual fund, the Nationwide Inflation-Protected Securities Fund (NIFAX/NIFIX), which is sub-advised by Nationwide Asset Management....

SlimPay, a payment services independent provider, and Axway Financial Exchange (FEX) platform have joined forces to create a new service offering for Single Euro Payments Area (SEPA) requirements and to provide businesses and online merchants with SEPA implementation support....