Paul Penrose Head of Research at Finextra
HSBC’s annual report has grown so heavy that the UK postal service is reportedly limiting the numbers its postmen may carry to prevent back injuries. The 454-page tome from the proudly carbon-neutral HSBC weighs in at a whopping 1.47kg. It includes a 100-page EU-mandated ‘business review’ and 133 pages of notes explaining its financial statements ...
13 April 2007 /retail /wholesale
Estate agents and trading technology suppliers in New York and London are preparing for a business bonanza as bulge bracket investment banks scope for sites to build a new generation of trading floors. Bloomberg reports from Manhattan on efforts by JPMorgan, Lehman, Merrill and Goldman Sachs to acquire sites capable of meeting the hi-tech, hi-vis...
03 April 2007 /wholesale Finextra50 fintech index
This urge for City types to bare all in public is getting out of hand. No doubt inspired by the shameless exploits of the Team Bearing Bank tube video strippers, four brash young things from Winterflood are now threatening to get their kit off in return for donations to medical research charity Remedi. The Wins Fab Four, otherwise known as Mark B...
30 March 2007 /retail /wholesale Whatever...
Private equity has grown fat on critiquing the operation of public companies. The Blackstone IPO offers a rare opportunity to turn the tables. As part of its filing with the SEC, Blackstone issued a 200 page document that reveals many of the firm's business details for the first time: earnings of $2.27 billion last year, more than $2 billion in g...
29 March 2007 /wholesale Finextra50 fintech index
Where's the smart money going on the likely outcome of the ongoing tug-of-war for the Chicago Board of Trade (Cbot)? Dublin-based person-to-person trading mart Intrade has listed 4 new markets on the Cbot merger tussle. 1. Cbot & Chicago Mercantile Exchange by end December 2007 ~ 65% likely 2. Cbot & Intercontinental Exchange by end Decem...
28 March 2007 /wholesale Finextra50 fintech index
That was the question asked by Andrew Martin at The New Marketing blog site. He'd noticed that postings to Tom Glocer's blog seemed to be made by two individuals. The first is Tom Glocer who has posted twice. The other is someone called tom who has posted 55 times. "Is one of them a ghost writter concocted by an overeager PR machine?" ...
20 March 2007 /wholesale
Registration for Swift's annual conference and exhibition, Sibos 2007, officially opens today. Taking place in Boston, US, from 1 to 5 October 2007, the theme of this year's event is 'Gaining momentum'. Interesting to see that Swift has dealt with a long-standing beef from exhibitors and provided open access to the conference sessions for all par...
19 March 2007 /payments /wholesale Finextra@Sibos
Elton Cane Digital product delivery at News Corp Australia
The business pages over the weekend featured coverage of the merger talks between Barclays and ABN AMRO. Whether or not Barclays succeeds, the pressure from hedge fund investors and the number of other suitors interested in parts of the Dutch bank’s global business means that a break-up of the group is increasingly likely, though not certain. But...
19 March 2007 /retail /wholesale Trends in Financial Services
I've noticed a trend among recent conferences I've attended: a growing number of sell-side firms sending along their business development and product managers to speak about algorithmic trading. While these guys are far too smart to engage in an unadulterated sales pitch, and for the most part their presentations have been insightful, there is an ...
14 March 2007 /wholesale
John Cant Managing Director at MPI Europe Ltd
I am just back from an entertaining and informative session at SunLive07, with particular items of note including two MiFID experts (Bob Fuller of Equiduct and Nick Gibson of ABN) actually agreeing on most things, not least and not surprisingly that rapid decisions by CESR are required on Best Execution and Transaction Reporting to aid implementat...
13 March 2007 /wholesale Trends in Financial Services
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