976 Results from /wholesale
Paul Penrose Head of Research at Finextra
Cityboy, Beer and loathing in the Square Mile, is a fictionalised account of rampant egotism, greed, prostitution and drug-taking in the heart of London's financial centre. The lurid tome was penned by Geraint Anderson, a former utilities research analyst at DrKW, who grew tired of the City's excesses after a debauched ten year's at the sharp end....
04 July 2008 /wholesale Video extravaganza
The UK's Financial Services Authority has concluded its first insider dealing case in almost two years. The culprit? A Body Shop IT technician who snooped on private e-mails to make a £38,000 profit by shorting shares in the retailer ahead of a results announcement. Excuse me if I'm feeling a little underwhelmed. It's a bit like the caped crusade...
02 July 2008 /wholesale
Retired Member
It's great to see, in what others see as a fairly dry world, that asset servicing is heading up the agenda not just in the west, but also in the east. SWIFT is hosting two half day conferences for custodians and asset managers in August, the first in Singapore on August 5th and the second in Hong Kong on August 8th. My interest, which I'll declar...
01 July 2008 /wholesale SWIFT Matters
Financial messaging network Swift has been bigging up the switch over to its new corporate Web presence for the past few weeks now. The new site went live at the weekend, so I thought I'd pop over there today and see how it was bedding in. What a horror show - text scattered all over the page, huge chunks that fail to render. The usual teething pr...
30 June 2008 /payments /wholesale Finextra@Sibos
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 in the UK stock market operator were trading almost 13% lower, giving up gains made the previous day on the back of speculation about a potential preda...
26 June 2008 /wholesale Finextra50 fintech index
Today is National Siesta Day in the UK, which aims to encourage company bosses to allow staff to have an afternoon power nap. On his Web site Noel Kingsley, founder of Siesta Awareness and organiser of National Siesta Day - which is in its third year - says he has been taking a daily siesta for over 15 years and believes that most people benefit...
25 June 2008 /retail /wholesale
Elton Cane Digital product delivery at News Corp Australia
As Barclays reports plans for new share issuance, and talk circulates about possible investment from a sovereign wealth fund or Japan's Sumitomo to help shore up the bank after it reported fresh write-downs last month, I heard today of a new, smaller-scale capital raising initiative. An IT vendor who has been recently moved onto the Barclays accou...
20 June 2008 /wholesale
The Financial Times yesterday included a supplement on financial training which featured an article on a fintech degree offered by University College London (UCL). The university's MSc in Financial Computing was launched last year in partnership with Credit Suisse, Goldman Sachs, Merrill Lynch and Morgan Stanley. UCL's technology partner for the pr...
17 June 2008 /retail /wholesale
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 Thomson's $8.8 billion buy-out of Reuters seem a positive snip. It also offers an insight into the personal net worth of the company's eponymous founde...
13 June 2008 /wholesale Finextra50 fintech index
Nomura International - the London-based arm of the Japanese investment bank - is cutting the number of IT contractors it employs and slashing the pay of those stilll with the firm, according to Here is the City. Nomura's IT contractors were informed of the move by an e-mail saying that the bank will "reduce contractor spend through a combinat...
12 June 2008 /retail /wholesale
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