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Paul Penrose

If it looks too good to be true, it probably is

Henry Blodget, the former star techstock analyst who knows a thing or two about investment fraud, posts an interesting insight to the Madoff affair on his Clusterstock blog. "Specifically, we're...

19 Dec 2008
Paul Penrose

Bernie Madoff's take on over-regulation on Wall Street

Some choice quotes from squeaky-clean Bernie Madoff on the trials of doing business in the modern financial system. "Whenever I go down to Washington and meet with the SEC and complain to them th...

18 Dec 2008
Video extravaganza
Paul Penrose

Stat of the year: That ABN Amro valuation revisited

A variation on this stat has been doing the rounds for a few weeks now, so forgive me if you've seen it before. I picked this up from the aptly-named Doomsday Report blog. In October last year, RBS p...

10 Dec 2008
Finextra50 fintech index
Paul Penrose

John Thain: The dumbest act on Wall Street

Merrill Lynch CEO John Thain has a reputation as the smartest guy on Wall Street. But his request to the bank's board for a $5-$10 million bonus for rescuing Merrill Lynch from a fate worse than Lehm...

09 Dec 2008
Paul Penrose

CheckFree hack sets off alarm bells

The Washington Post's Security Fix blog has dug a little deeper into the attack on CheckFree's bill payment Website last week. CheckFree has admitted that hackers had, for several hours, redirected v...

08 Dec 2008
Paul Penrose

Beat the crunch this Christmas: Eat peanuts, drink beer

The Finextra news desk is groaning under the weight of Christmas-themed press releases, as companies desperately try to generate some extra seasonal income during the economic crisis. One of the more ...

02 Dec 2008
Whatever...
Paul Penrose

Mumbai: Indian government gets jitters about Twitter

The Indian government has asked for live Twitter updates from Mumbai to cease immediately. "ALL LIVE UPDATES - PLEASE STOP TWEETING about #Mumbai police and military operations," a tweet say...

27 Nov 2008
Finance 2.0
Paul Penrose

Contactless payments make prime time TV debut

Contactless payment technology is getting a big push in the UK courtesy of Barclays, which has started running a prime-time TV advertising campaign. The ad features an office drone travelling home fro...

20 Nov 2008
Video extravaganza
Paul Penrose

Lehman's IT legacy

Lehman Brothers ran its operations through a worldwide network of 26,666 servers and employed an IT department comprising some 6000 staff. This technological legacy has created some interesting operat...

19 Nov 2008
Paul Penrose

State Street CEO shows his expense management savvy

If State Street CEO Ron Logue is serious about his new expense management programme, he might first want to start with the annual salary and severance package of none other than...Ron Logue. The CEO o...

17 Nov 2008
Paul Penrose

SEB's Benche beats market downturn

SEB's Benche project fits squarely into the new model Web 2.0 world as an open community platform where trade finance professionals can participate in discussions threads and ask questions of experts...

14 Nov 2008
Finance 2.0
Paul Penrose

Low-tech innovation in the ATM comfort zone

A New Zealand woman has come up with a novel low-cost solution to shoulder-surfing at ATMs. Beach Haven-based Sharon Stamper is the brains behind the yellow lines that are now a standard fixture in al...

12 Nov 2008