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What many are beginning to realize, and few have known for a long time, there is a battle going on 24/7/365 between the good guys and the bad guys. Now, President Obama has chimed in with a directive ...
It has been said often that it is a lack of confidence that is driving the current economic gloom. Today we have seen evidence both ways. On the one hand AIG book a loss of $61.7bn, a figure so substa...
You've got to admire those Nigerian 419 scammers. Here's the latest that popped into my inbox, offering compensation from the Nigerian government to all those sad individuals who have been conned in t...
OTPs are of course better than static pin-codes. A move to require OTPs instead of the static pin-code will surely help eradicate card-present fraud. Can such a card even be inserted into any chip a
Another Financial Portal reports the release of CDS Standard Model by ISDA (International Swaps and Derivatives Association) as an open-source project The software has its origins in the J. P. Morg
I wrote a blog post "slaves of leverage" [thank you for the comments] in Nov 2008. Now you see it happening: pension systems are seriously damaged, taxpayers' money is poured into banks, go...
There's a certain nostalgia about connecting with old Friends. It brings us back to a simpler, simple minded way. We forget for a moment our daily tasks and deadlines. We flirt with a time that was ab...
An interesting article from Netbanker on bank charges. I am sure, every bank thinks on the topic: if no big money can be earned on (new) loans, then what is next? Transactions? Service? Additional pr...
Bank bosses just don't get it. BofA president Ken Lewis is once again in hot water after flying to a hearing in New York with Attorney General Andrew Cuomo on a luxury private jet. Lewis was there to ...
There is mucho incompetence over the pension issue that is in the Press at present. Our politicians are jumping on the bandwagon and either don't understand the issues, or are playing dumb for their o...
The Times of India is reporting that TCS, the largest Indian outsourcer, is laying-off almost its entire marketing team in London along with a large percentage of their high-end consultants. The CEO ...
Following on from Paul's post, effigy burning is obviously a step much too far. Without question. But for those with a robust sense of humour (and that definitely includes my friends who work in banks...