Hope US authorities have written the script before the play. Skilled but not wise traders made record profits at the cost of others. It was a moral meltdown, all the way. Another Enron, but larger, one could say. Now these traders turn into huge weapons of mass destruction themselves. Middlemen at the heart of global financial flows turned out to ...
25 April 2010
Compare share turnover ratios of Nasdaq US and NasdaqOMX Nordic exchanges: 1040% vs. 140% in October 2009 (see figure here). Trading is seven times more active in the Nasdaq US. Spring 2010 will bring the same technology to Nordic exchanges where the same large international players are already present. Shall we see some heavy trading in previousl...
05 January 2010
It is indirect, the industry representatives used to say. Then the stories went to the difficulty to provide climate change- or sustainability-oriented mutual fund products as they underperform the main indexes. Finally, we have this payments related e-invoicing story which is to the point and of high importance! But to really understand how Finan...
03 November 2009
It is old picture but makes the point: Goldman Sachs’ network extends around the world
10 May 2010 20:38 Read comment
May 5th 2010: Fitch Ratings said Wednesday that Goldman Sachs' recent legal troubles and the evolving regulatory landscape might lead the agency to eventually review the bank's top-tier credit rating.
Fitch Ratings, a major credit ratings agency, said in a release that it left Goldman Sachs Group Inc.'s rating of "A+" alone for now given its strong performance. Fitch noted that Goldman "consistently" outperforms its global banking peers.
05 May 2010 20:21 Read comment
Yes indeed, we have the cost savings argument for the reducing paper case. However, some of the stakeholders find it difficult to adapt to. They need the justification for it (other than save the money and let the bank make bigger profits). In fact the same applies to Green IT, which is just another expression for IT cost efficiency. To succeed with these we need to take stakeholders onboard. That is why climate change is the strongest business driver ever seen.
04 Nov 2009 10:18 Read comment
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