993 Results from /wholesale
Retired Member
Looks like it going to be hard to make money if even Berkshire are finding it difficult in these tough times. It may be getting tougher for the rest of us. BH profit from underwriting insurance policies fell 70 percent and reinsurance is down 95%. Berkshire Hathaway had exposure to derivatives and they've written down $1.7 billion off the value of...
05 May 2008 /wholesale Whatever...
The 11th ASEAN+3 finance ministers' meeting has adjusted the CMI, or Qing Mai Initiative at a regional financing arrangement and set a fund target of $80 Billion. The CMI was agreed to by the 13 countries in 2000 to swap foreign exchange reserves, mainly on bilateral basis, to use when necessary to fight against speculative attacks on their ...
The Australian government is threatening to enact new banking legislation to lower mortgage exit fees and make it easier for mortgagees to switch lenders. Australia has the worlds highest exit fees with some lenders charging $7500. The government and consumer groups are seeking to encourage more competition in the market place.
03 May 2008 /retail /wholesale Whatever...
Paul Penrose Head of Research at Finextra
The descent into administration of UK business intelligence vendor Granville Associates reawakens the spectre of insolvency for smaller software companies in the fintech space. For the best part of the past decade, companies with a sluggish sales pipeline and cashflow problems have been able to keep themselves afloat by taking on more debt and bor...
02 May 2008 /retail /wholesale Finextra50 fintech index
Fritz Thomas Klein CEO at Independent Mind
Instead of a merger between the DTCC and LCH.Clearnet, that probably is more driven by the ego of people involved, a merger of post-trading infrastructures in the field of clearing/central counterparty services and in settlement services in Europe would make much more sense for the financial industry. This would mean a merger between Euroclear and...
30 April 2008 /wholesale
Nice to see that plain old Tom Glocer has been upgraded to the more commanding Thomas H Glocer in his new role as chief of Thomson Reuters.
28 April 2008 /wholesale Where are they now?
Don Callahan, Citigroup's chief administrative officer, has taken strong exception to a news item in the Financial Times which reported that the universal bank had sought advice from Hewlett-Packard about how to revive its business without splitting up the company. "For the record, Citigroup has long been a client of Hewlett-Packard for vario...
28 April 2008 /retail /wholesale
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
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
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