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Archive for: April, 2007

Paul Penrose - Finextra - London | 27/04/2007 | 5954 views

KKR takeover of First Data: the deal goes sour for JPMorgan

Nice gossipy piece of unsourced news from Reuters about a reputed spat between Kohlberg Kravis Roberts (KKR) and JPMorgan over the private equity firm’s proposed $29 billion takeover of First Data. According to Reuters’ anonymous informant, the two fell out over the future of Chase Paymentech Solutions, the joint venture processor owned... Tags: Payments, Retail banking

Paul Penrose - Finextra - London | 20/04/2007 | 5876 views | 1 comment

Royalblue scores big fat zero with Gartner

Royalblue’s decision to splash up to £63 million on buy-side OMS vendor LatentZero has been given a firm thumbs down by industry analyst Gartner. Unveiling the deal earlier this week, the London-based vendor played up the strategic benefit to the two companies and their respective customers "by providing, for the first time, the po... Tags: Dealing rooms, Wholesale banking

Paul Penrose - Finextra - London | 03/04/2007 | 3401 views

Trading floor bonanza cue for market downturn?

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-visib... Tags: Dealing rooms, Wholesale banking

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