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Rating:NYC to be OK Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, March 11, 2002

NYC to be OK

Reported by InvestmentWires Staff, 

UBS PaineWebber Report

New York City, despite the recession and the attacks on September 11, is not facing a long-term financial crisis, at least according to an analysis from UBS PaineWebber. Brad Gewehr, director of municipal research at the firm, has investigated the city's budget and believes that it is a "credible" plan.

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Scottish Widows Integrated

State Street reports that it has completed the integration of Scottish Widows Investment Partnership in the last quarter of 2001. This includes 816 funds such as life funds, pension funds, and unit trusts.

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NY Life Reports Income

New York Life has had a net income of $1.086 billion in 2001. This is down from 2000 when net income was $1.205 billion.

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ABN AMRO on the Baltic

ABN AMRO is diving into the Baltic. The firm has just signed a deal to provide asset management services for Lansforsakringar, a firm based in Stockholm, Sweden. ABN AMRO will assume the day-to-day management of the Swedish firm's investment assets for both its life policyholders and mutual fund customers. 

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