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Matt White

Archive for: January, 2009
Matt WhiteFinextra - Toronto

Desperate banks turn to drugs

30 January 2009  |  3151 views  |  1 comments | recommendations Recommends 0

An unlikely saviour for the world's banking system has been identified by Antonio Maria Costa, the boss of the United Nations' crime and narcotics watchdog - drugs money. In an interview with Austrian weekly Profil, Costa says the dirty cash has proved a vital form of liquidity for banks during the crisis and the UN has found evidence that interban...

Matt WhiteFinextra - Toronto

Lies, damned lies and statistics

30 January 2009  |  3695 views  |  1 comments | recommendations Recommends 0

Here at Finextra we try to maintain a healthy level of scepticism when it comes to research and surveys commissioned by firms with a vested interest in getting a certain kind of result. We're inundated with them and most get binned. CPP offers card fraud insurance so it's hardly surprising they want to talk up the problem. But they commissioned a s...

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Matt White
Matt WhiteFinextra - Toronto

Social networking makes you live longer - official

23 January 2009  |  2745 views  |  0 comments | recommendations Recommends 0

Social networking sites: apparently they can help you find love, get that dream job and even, we're now told, live longer. That's the claim made in a press release put out today by, you guessed it, a ...

Matt White
Matt WhiteFinextra - Toronto

Intuit makes tax returns easy - unless you're Tim Geithner

22 January 2009  |  3221 views  |  1 comments | recommendations Recommends 0

Barack Obama's nominee for Treasury secretary, Tim Geithner, has been getting a bit of a hard time at his confirmation hearing over some taxes he failed to pay a few years ago. During questions from ...

Matt White
Matt WhiteFinextra - Toronto

Data cleansing

19 January 2009  |  2827 views  |  0 comments | recommendations Recommends 0

Barely a week goes by without a data loss story making an appearance on Finextra. A good proportion of these involve staff stupidity so I wasn't particularly surprised when a press release made its wa...

Matt White
Matt WhiteFinextra - Toronto

Twitter and banks - a security minefield?

16 January 2009  |  4447 views  |  1 comments | recommendations Recommends 0

It's good to see BofA getting involved with Twitter but there do seem to be a couple of associated security concerns. The bank is effectively using its feed as a help desk. Its man at the coalface, D...

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