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Archive for: July, 2008

Elton Cane - Independent - Brisbane | 30/07/2008 | 5627 views

It's not all doom and gloom for financial technology

While banks might be cutting rates for IT contractors - see Navjeet's blog post from last month, and the Barclays announcement yesterday - it seems quite a few vendors are still doing well.For core banking system vendors in particular, there has been a spate of good financial results.In its quarterly announcement today Temenos net income was up 37... Tags: Retail banking, Wholesale banking

Paul Penrose - Finextra - London | 11/07/2008 | 5021 views | 1 comment

Egg looks fragile as Citi begins sell-off

Citi's decision to offload its profitable retail business in Germany could mark the start of a major re-alignment for the US bank's vast overseas network.Citi has announced plans to shed $400 billion of non-core assets over the next three years in an effort to rebuild profitability and shrug off recent losses. The German retail operation wa... Tags: Online banking, Retail banking

Paul Penrose - Finextra - London | 08/07/2008 | 5363 views

Just how much is Thomson Reuters worth?

Further to my previous post on Merrill Lynch's ruminations over whether or not to shed its 20% stake in Bloomberg (Just how rich is Michael Bloomberg?), maybe we should also be asking: Just how much is Thomson Reuters worth? Shares in the vendor rose 48p to £13.07 Monday as brokers began to re-evaluate the company in light of the £3... Tags: Dealing rooms, Wholesale banking

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