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Matt White

Archive for: August, 2009

Matt White - Finextra - London | 28/08/2009 | 3419 views

A message from Prince Obi Matumbe Akumbe

E-mail is so 2001. Prince Obi Matumbe Akumbe knows this and has turned to YouTube and Twitter in his bid to find a kind soul willing to help him transfer $50 million out of Nigeria. Anyone prepared to hand over bank account details will be compensated to the tune of $10 million. Unfortunately, we live in a cynical world and some people seem less t... Tags: Retail bankingGroup: Whatever...

Matt White - Finextra - London | 20/08/2009 | 1865 views | 2 comments

In an electronic world, the trading floor still has a place

Over at Seeking Alpha, Ray Pellecchia from Nyse offers a nice little lesson on the dangers of putting all your eggs into the e-trading basket. A couple of days ago, before the market opened, a customer sent thousands of orders in a lightly traded stock by mistake. If the Nyse operated a purely electronic market the orders would have sailed through... Tags: Trade execution

Matt White - Finextra - London | 04/08/2009 | 2382 views

PayPal falls over but at least it bothered to tell us

PayPal will naturally get some stick for this, and rightly so, but I think you have to give the firm some credit for the way it handled the problem and kept us all informed. During the outage a blog on the site kept frustrated users informed with regular updates and once everything was fixed another post appeared apologising profusely and explaini... Tags: Online banking

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