12 March 2014

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Latest News

Wholesale banking

The ups and downs of @GSElevator: Twitter gossip loses book deal

07 March 2014 | 1112 views | 0

The man behind the @GSElevator Twitter account has lost his six-figure book contract in the wake of revelations that he never actually worked for Goldman Sachs.

Mobile & online

M&S takes on banks with fee-free current account

07 March 2014 | 2653 views | 2

Retail giant Marks & Spencer will take on Britain's high street banks this summer with the launch of a current account with no monthly fee.

Payments

Man denies being bitcoin creator as he leads car chase

07 March 2014 | 3437 views | 1

Dorian Prentice Satoshi Nakamoto, the man named as bitcoin's creator by a magazine on Thursday, has denied the claim before leading reporters on a car chase around Los Angeles.

Payments

Barclays mobile boss elected MEF Emea chair

07 March 2014 | 1492 views | 0

Barclays Pingit chief Darren Foulds has been elected Emea chair at mobile content and commerce trade association MEF.

Retail banking

Bumbling hacktivists deface counterfeit bank Web site

06 March 2014 | 2347 views | 0

A hacking collective which set out to deface the Web site of "Yorkshire Bank" has instead managed to mistakenly take out a Malaysian counterfeit.

Trade execution

MTS agrees Bonds.com acquisition

06 March 2014 | 1535 views | 0

London Stock Exchange-owned fixed income marketplace MTS has agreed to buy Bonds.com, a US-based platform for the electronic trading of corporate and emerging market bonds.

Risk & regulation

O'Malia slams CFTC over tech investment

06 March 2014 | 1347 views | 0

Commodity Futures Trading Commission commissioner Scott O'Malia has slammed his own organisation for spending money on people, rather than technology.

Retail banking

FCA sets out P2P lending and crowdfunding rules

06 March 2014 | 2017 views | 0

The UK's Financial Conduct Authority (FCA) has set out rules designed to boost protections for people lending and investing through P2P and crowdfunding platforms.

Retail banking

Bitcoin inventor 'found'; Singapore virtual currency exchange boss dead

06 March 2014 | 3111 views | 0

US magazine Newsweek claims to have found the mysterious inventor of bitcoin, Satoshi Nakamoto, identifying him as a 64-year-old Japanese-American living near Los Angeles.

Payments

Barclays Africa buys stake in South African P2P lender RainFin

05 March 2014 | 2292 views | 0

Barclays Africa (formerly Asba) has acquired a 49% stake in South African peer-to-peer lending marketplace RainFin. Financial terms were not disclosed.

Payments

Winklevoss twins pay bitcoins for Virgin Galactic space trip

05 March 2014 | 2076 views | 0

Zuckerberg-baiters Tyler and Cameron Winklevoss are handing over some of their bitcoin fortune to Richard Branson for a trip on his Virgin Galactic spacecraft.

Payments

Target chief information officer quits

05 March 2014 | 2461 views | 0

Target chief information officer Beth Jacob has become the latest victim of the massive card data breach at the beleaguered US retailer, resigning her position with immediate effect Wednesday.

Payments

Ripple opens developer portal; gets accelerator programme

05 March 2014 | 1336 views | 0

Ripple is set to get a kick-start, with the outfit behind it opening up a developer portal and CrossCoin Ventures launching an accelerator to help startups working with the cypto-currency protocol.

Retail banking

UK crowdfunding market raises £1700 an hour

05 March 2014 | 1513 views | 0

More than £1700 an hour is being raised in the UK through crowdfunding, according to figures from the Crowdfunding Centre, which is now calling for greater government support for the burgeoning alternative finance market.

Security

FS firms hardest hit by cybercrime - PwC

05 March 2014 | 2487 views | 1

Financial services firms are far more likely to fall victim to cybercrime than their counterparts in other industries, according to a survey from PwC.

Security

Banking watchdog to set up virtual currency taskforce

05 March 2014 | 3802 views | 2

The European Banking Authority is to assemble a taskforce to determine whether virtual currencies should be regulated.

Retail banking

Cat pics prove hazardous to online bank accounts

04 March 2014 | 4302 views | 3

Crooks are taking advantage of one the Internet's key weaknesses - a fondness for cat pictures - to infect computers with banking malware, according to Trend Micro.

Post-trade & ops

Edelstein invests in Algomi

04 March 2014 | 1890 views | 0

Capital markets STP veteran and former chairman and CEO of BondDesk, Howard Edelstein has joined Algomi as a 'strategic advisor' and taken an equity stake in the two-year old fixed income liquidity discovery start-up.