Rockford, Ill.-based Amcore Bank promoted Steven Gersch to chief credit officer. He was previously SVP and senior credit officer. Gersch succeeds Melvin Buser, who retired from the company in July. Gersch, who joined the bank in April 2008, will be
Linedata Services, a financial IT services firm, has appointed Andrew Miller, to head Linedata's Asian businesses with a mandate to significantly expand the company's presence in the region. Before joining Linedata Services, Miller was managing director of Xinhua Finance for
JonesTrading Institutional Services has launched a Capital Markets Group, which focuses on providing agency trading services to private equity and venture capital firms. Since that time, the Group has completed over $500 million worth of block trades on behalf of
In today's turbulent economy, prudence and targeted investments have replaced investors' unbridled market optimism, which drove active trading and propelled profits at financial services firms. Not only are investors harder to "sell" in the current environment, they are also increasingly
Misys, a global applications software and services company, has appointed Charles Smith as vice president solutions management, for Misys Treasury and Capital Markets. In this role, Smith will be responsible for managing the ongoing strategy, development and deployment of Misys'
Integral Development Corp, an independent provider of multi-dealer, direct market access electronic foreign exchange (eFX) trading systems, has added spot gold and silver pricing as new currency pairs to its FX Inside Professional and White Label trading solutions. By adding
NYSE Arca Options, a subsidiary of NYSE Euronext (NYX), is offerning new transaction pricing for "Tier 1" securities trading in the SEC Penny Pilot, pending SEC approval. The updated pricing schedule features the options industry's highest rebate for orders posted
Nomura Securities International (NSI) has hired Surat Maheshwari to join its Fixed Income Division as managing director and head of private placements and U.S. debt capital markets. He is based in New York City and reports to Dean Chamberlain, managing
Citi (New York) introduced a new service called Citi Managed Identity Services. According to the bank, the new offering, provided by Citi's Global Transaction Services business, enables clients to use digital identity and signature technologies to securely manage the exchange
Wall Street West, a $40m federal and state-funded initiative created to attract New York City-based financial institutions to establish their back-up and back-room operations in the Pennsylvania region, announced that two of its partners will collaborate to develop a data
The NASDAQ OMX Group has made several appointments in its Global Corporate Client Group. Robert H. McCooey, senior vice president, who is currently responsible for U.S. listings and IPOs, will expand his current role to include new listings and IPOs
The battle between the state and preventionists over funding for the Ohio Tobacco Prevention Foundation has resulted in collateral damage, with programs shutting down as their foundation funding runs dry.
NEW YORK, July 18 (newratings.com) - Analysts at Davenport & Company reiterate their "strong buy" rating on IBM (ticker: IBM). The target price has been raised from $145 to $150. [more]
NEW YORK, July 18 (newratings.com) - Analysts at Friedman Billings reiterate their "outperform" rating on Schlumberger Ltd (ticker: SLB). The target price has been raised from $120 to $125. [more]
NEW YORK, July 18 (newratings.com) - Analysts at Deutsche Bank Securities reiterate their "buy" rating on IBM (ticker: IBM). The target price has been raised from $140 to $145. [more]
NEW YORK, July 18 (newratings.com) Analyst Shannon O'Callaghan of Lehman Brothers maintains her "overweight" rating on Textron Inc (ticker: TXT). The target price has been reduced from $75 to $60. [more]
