Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
The Finextra50 Financial Technology Index is a free-float value weighted index of the world's leading companies that provide technology-based products and services to the financial services industry. It was set at an indexed value of 100 at market close on Friday 4th May 2007. This is a community for discussing the index, its movements and wider M and A activity in the fintech world.
Last month Citadel Investment Group announced that it is launching an investment banking division. The company sees huge potential for transactions going forward, and given its outsize capital base, ...
How did the basket-cases of the US banking industry manage to post such, relatively, healthy results? It's all done by sleight of hand, as Dealbook helpfully explains. I particularly liked Goldman Sa...
A variation on this stat has been doing the rounds for a few weeks now, so forgive me if you've seen it before. I picked this up from the aptly-named Doomsday Report blog. In October last year, RBS p...
I was speaking to a software vendor last night who recently had a big project go live at one of the UK's largest banks. When the project was first signed, the vendor was quite a small company (though ...
This story got me thinking about how many businesses have been spun out of Citi's tech and business support subsidiaries over the years. Besides the sale of this unit, and the BPO unit that went to TC...
It's not often that you see a full breakdown of exactly how much money a bank has spent on different projects within its overall IT budget. At least not in the public domain. But at Westpac's earnings...
Further to my recent post -- It's not all doom and gloom for financial technology -- I've been reading a few predictions for IT spending in 2009. Some choose to focus on the positive -- for e.g. sp...
While banks might be cutting rates for IT contractors - see Navjeet's blog post from last month, and the Barclays announcement yesterday - it seems quite a few vendors are still doing well. For cor...
Citi's decision to offload its profitable retail business in Germany could mark the start of a major re-alignment for the US bank's vast overseas network. Citi has announced plans to shed $400 billion...
Further to my previous post on Merrill Lynch's ruminations over whether or not to shed its 20% stake in Bloomberg (Just how rich is Michael Bloomberg?), maybe we should also be asking: Just how much ...
Investment firms were distinctly unimpressed by the London Stock Exchange's announcement that it is to work with Lehman Brothers to create a new dark pool trading platform. By mid-afternoon, shares i...
John Thain estimates that Merrill Lynch's 20% stake in financial information supplier Bloomberg could be worth up to $6 billion. The valuation puts a $30 billion price tag on the company and makes Th...