976 Results from /wholesale
Retired Member
Congratulations must go to Gary Wright who chaired the corporate actions automation conference in London week before last week. The conference did two things that are pretty rare these days. It actually did have dialogue between the panelists and the audience, due in no small part to Gary's forthright style of chairmanship. It also did an excel...
28 April 2008 /wholesale Innovation in Financial Services
Paul Penrose Head of Research at Finextra
Who says crime doesn't pay? Jerome Kerviel, the rogue trader allegedly responsible for $7.3 billion losses at SocGen, has got a new job - as a computer consultant. Kerviel is working for LCA computer consultancy in the Paris suburb of Levallois, hired by the same man who hid him from journalists after the SocGen scandal broke. He was offered the j...
28 April 2008 /regulation /wholesale Where are they now?
The newly-merged Thomson Reuters combo made an inauspicious start to its first day's trading yesterday. Brokers, spooked by the rising tide of red ink and job losses in the investment banking sector, responded with a clamour of sell notes, sending shares in the company tumbling on its market debut. But just how far did the stock fall? The answer t...
18 April 2008 /wholesale Finextra50 fintech index
The CEBR forecast for 20,000 credit crunched job losses in the City of London has been trumped by a new analysis from JPMorgan property analysts which puts the total number of redundancies at something closer to 40,000. To be fair, JPMorgan's figures embrace a wider definition of the 'City', taking in Canary Wharf and some parts of the West End, an...
15 April 2008 /wholesale Finextra50 fintech index
Elton Cane Digital product delivery at News Corp Australia
New Scientist reported yesterday on research from the University of Cambridge that suggests the movements of money in the financial markets are correlated to stock traders' levels of two hormones: the steroids testosterone and cortisol. Examining the cause vs. effect dilemma they found that traders who started their days with elevated testosteron...
15 April 2008 /wholesale
How do you get senior management buy-in for a commitment to environmental sustainability and carbon neutrality? By hitting executives where it hurts – in the back pocket. That’s the approach that’s been taken by HSBC, where environmental sustainability objectives have been linked to bonus payments in the board room. The global banking giant has co...
11 April 2008 /retail /wholesale Going green
This is one of the interesting topics that came up for debate at a risk event I attended yesterday organised by the CASS Business School in London and the Capco Institute. The recent sub-prime and liquidity crisis has prompted many commentators to look at the role of investment banking remuneration and management structures in building what Fortune...
09 April 2008 /wholesale Trends in Financial Services
Vizuo XL Sports Vision Enhancement is a dietary supplement that claims to improve the agility, coordination and reaction speed of athletes which is now being used by Wall Street traders to help execute trading decisions more quickly, according to the makers of the product, Natural Athletic Nutrition. In a company statement, Will Horan, president ...
09 April 2008 /wholesale
George Soros has 'come out of retirement' albeit to launch his new book Credit Crisis 2008 and what it means. I haven't had time to read it yet so I'll go by his spoken words. Recent statements by Mr Soros on market transparency and market dynamics give food for thought. Perhaps if he could have given a little earlier warning of what was to come ...
09 April 2008 /regulation /wholesale Whatever...
Organisations that are tempted to cut back on green PC initiatives as part of wider IT cost-cutting efforts may find themselves out of pocket in the near- to mid-term, according to Gartner. For most companies, being green actually saves money and alleviates some of the pressure on IT budgets, says the analyst house. Here at Finextra, we'll be exp...
08 April 2008 /retail /wholesale Going green
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