2009

Mar

02

The Bank of New York Mellon acquires JP Morgan Trust Bank Limited

The Bank of New York Mellon has acquired the corporate trust business of JP Morgan Chase & Co in Japan called JP Morgan Trust Bank Limited.

2009

Mar

10

Santander buys Tokio Marine Holdings’ stake in Banco Real

Banco Santander Brasil has bought 50 percent stake of Real Tokio Marine Vida e Previdencia, an insurance group jointly owned by Tokio Marine Holdings and Banco Real.

2009

Mar

23

SS&C Technologies acquires Evare

SS&C Technologies has acquired the assets of Evare to enhance its middle and back office institutional outsourcing and hedge fund administration service offering. The financial details of the agreement remained undisclosed.

2009

Mar

02

HSBC plans to raise USD 17.7 billion as it suffers financial losses

HSBC has announced an approx. USD 17.7 billion rights issue on 2nd March, 2009 in London to prop up its balance sheet. Goldman Sachs, JPM Cazenove and HSBC have underwritten the offer. Alongside this, 2008 results will be unveiled, which show a f

2009

Mar

01

EU leaders agree on streamlining banks' supervision

The European Union (EU) leaders, in the emergency summit, agreed to the policy of improving regulations and supervision of financial institutions. Recommendations were given to make the supervision of the cross-border banks, insurers and markets bett

2009

Mar

01

U.S. government promises USD 30 billion additional aid to AIG

The U.S. government committed another round of fresh capital worth USD 30 billion to the American International Group Inc (AIG) on 1st March 2009. According to undisclosed sources, the package is more flexible in terms of government investment in its

2009

Mar

03

Australian central bank keeps the interest rate unchanged at 3.25 percent

The central bank of Australia did not cut its benchmark interest rate for the first time in seven months. The governor kept the overnight cash rate target at 3.25 percent, causing a surge in its currency. Between September 2008 and February 2009,

2009

Mar

02

Ireland to move to a Canadian model of regulatory system

Irish leader Taoiseach Brian Cowen has announced that will migrate to Canadian form of regulatory system in the near future. As a result of transformation, the Central Bank and the Financial Regulator will integrate and an international banking regul

2009

Mar

03

Private-public financing partnership to buy troubled assets

The Obama administration is considering plans to buy USD 500 billion to USD 1 trillion of bad assets in partnership with the private sector. For this it will be creating multiple investment funds to buy bad loans and other troubled assets like mortga

2009

Mar

03

Japan will use USD 5 billion of foreign reserves to fight the crisis

Japan has more than USD 1 trillion of foreign exchange reserves. Out of this, it will be using USD 5 billion to help the companies raise funds to come out of the crisis situation. The government will lend foreign currencies to the state-backed Ja