Friday, 26 December 2014
Last updated 1 day ago
Nov 22 2010 | 9:30am ET
Credit Suisse will have to wait a little longer to get its hands on Fortis Bank Nederland's prime brokerage unit.
The sale of Prime Fund Solutions, which was agreed to in May, had been expected to close by the end of this year. But now the deal will not be finalized until the first quarter, according to ABN Amro, which is merging with the nationalized Fortis.
"The transfer of clients has proven more complex than previously estimated," Jan van Rutte, ABN Amro's chief financial officer said. "But the deal will go through."
Terms of that deal have not been disclosed. PFS has some 600 employees in 13 offices around the world.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.