20135 Results from 2015
Paul Penrose Head of Research at Finextra
It’s Valentines Day and the Finextra mailbox, as ever, is crammed with messages of affection from doting PR bunnies. Spurious press releases linked to the annual love-in are an occupational hazard for financial journalists at this time of the year. Our passions were initially aroused by an e-mail from UK insurer Legal & General headlined 'Mat...
14 February 2007 /retail
Researchers from Harvard and MIT have questioned the effectiveness of site image authentication technologies. The technique, pioneered by RSA subsidiary PassMark Security, relies on the exchange of personalised digital images between customer and bank Web site in advance of password entry. In the study, only three per cent of users chose not to l...
07 February 2007 /security /retail
Apparently, legendary blues guitarist Bo Diddley will ring the opening bell at the American Stock Exchange this morning. Why? Perhaps the AmEx mistook Mr Diddley for his mad, bad contemporary Chuck Berry, who improbably scored a big hit in the 1970s with ‘My ding-a-ling'. Or then again, perhaps not. Personally, I'd recommend getting one-hit-wonder...
07 February 2007
If, as seems increasingly likely, the London Stock Exchange succeeds in seeing off Nasdaq’s attempted hostile takeover, it will at the same time deal a serious blow to the ambitions and reputation of Nasdaq CEO Bob Greifeld. His aggressive, single-minded pursuit of the London Stock Exchange has already earned Greifeld the less-than-flattering tag ...
05 February 2007 /wholesale
It’s been a long time coming, but Joe Public, and the companies that serve him, are finally wising up to the risks and challenges posed by global warming. This week saw the publication of no less than three separate reports - by Lehman Brothers, UBS and the Financial Services Authority - highlighting the perils posed by human-induced climate chang...
02 February 2007 /regulation /wholesale
Let’s face it – business videos and podcasts on the Web are a real turn-off. The medium itself has plenty of potential – and at Finextra we’ll be looking to produce more audio/video content over the coming months – but the application of the technology in the business space is all wrong. How many times have you tuned into a Webcast only to tune ...
31 January 2007 /retail Video extravaganza
Red faces at the Polish Competition Authority after the European Commission backed down on threats to outlaw credit card interchange fees on retail transactions. (EC abandons retailers and backs down on interchange fees). The Commission – sensibly enough – has decided to stay its hand on interchange in the absence of any obvious alternative fee-c...
31 January 2007 /retail EBAday
Nick Hastings
Occupying the former Bank of New York building on Leadenhall Street, Prism restaurant and bar is an ideal choice for after work drinks, dinner or lunch. The basement bar has an excellent choice of beers, wine and cocktails both alcoholic and non-alcoholic – very handy if you’re on the wagon. Plus a good selection of bar snacks, ideal for a quick w...
30 January 2007 /wholesale After hours
News from the front-line of the electronic trading revolution: Deutsche Börse is to spend EUR4 billion on refurbishing its trading floor! The Frankfurt-based exchange is one of only two bourses in Europe to retain a physical trading floor, even though 97% of the deal volume on Germany's benchmark DAX Index goes through the electronic platform Xetr...
30 January 2007 /wholesale
Muted cheers across the City after UK insurer Prudential eventually offloaded its loss-making Internet banking operation Egg to Citigroup for £575 million (Prudential sells Egg to Citigroup). The price, at twice book value, is not bad (UK banks typically sell at 1.5 times book value), but it’s a far cry from the £1.1 billion price tag attached to ...
29 January 2007 /retail Finextra50 fintech index
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