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I'd like to have a look at the actual wording of the question, to see what 'putting trust in banks for mobile wallets' actually means. It makes sense that people would trust their banks rather than government to manage a mobile wrapper for payment instruments. But as Jim says, that doesn't necessarily mean people would trust their banks to look after digital representations of primary government issued forms of ID and licensing.

Oxford v Cambridge - sounds like an opportunity for a new kind of Boat Race.

I almost forgot the question. This is a volatile currency, and in the recent past pretty big devaluations have come off the back of hacking and theft incidents (and take down of SilkRoad marketplace). But $1 million of Bitcoins were stolen from an Australian online bank last week, and I just read this story today about $5 million worth and a possibly dodgy Chinese Bitcoin platform going missing in action But the bubble persists?

Westpac being just the most recent of a litany of Aussie bank operational outages, it does make sense to highlight it in this article. But I agree that NAB has had more than its fair share of outages, which insufficient IT management structure and attention would contribute towards.

It's also worth viewing this in light of Aussie banks' IT outsourcing arrangements, which are set to increase driven mainly by the high Aussie dollar and senior management desire to keep the record profits rolling in.

Westpac in particular has made a number of recent job cuts/offshoring announcements, with some IT jobs in the mix. If you believe tips to Aussie IT press or posts from members on the Financial Services Union website, its IT department could end up losing between 1000 - 2400 FTEs in the next year or so, as current employees are forced to engage in "knowledge transfer" with existing and new offshore partners.

Westpac for the moment says that offshoring just involves 150 IT staff, and that numbers will naturally fall away as it gets closer to completing its core banking replacement with CSC's Celeriti (nee Hogan) in 2013-2014.

But I wonder whether low morale in Westpac IT could contribute towards the outages? And whether the RBA's intervention is informed by a desire to make sure offshore arrangements (and Westpac are not alone here) are managed effectively without detriment to customer service levels and system availability?

Citi is denying it, but The New York Post and WSJ are reporting rumours that a Citi trader executed a trade for $16 BILLION, instead of $16 MILLION in e-mini shares that track the perfomance of the S&P 500 index. Easy mistake to make one would think - a few extra zeros, or a B instead of an M. Certainly one that any pre-trade risk management at the broker, and ideally at the exchange too, would pick up.

But if CME says the Citi trades didn't look unsual in light of market activity, perhaps this $16b trade was an algorithm's response to an unintended trigger elsewhere.

Some reports are pointing to the rapid drop in share price of Proctor and Gamble and 3M on NYSE and Nasdaq as the culprit that sent the algos scrambling. But I haven't seen any reports yet on what may have triggered those plunges.

My personal favourite: There is no Lloyd Blankfein. Only Zuul.

Standard Chartered went ahead with their drinks on the 75th floor of Central Plaza, next to the conference centre after Sibos Day One, so not all banks pulled the plug on entertaining. Some pics from that event will be posted here: http://www.sibosonline.com/news_in_pics.asp

But the important question in this iTunes money laundry story remains unanswered - was the music any good? Or perhaps that was how they got caught. Maybe someone at Apple heard it and thought: "There's no way 700,000 people have bought this."

The full text of the judgement, including details of the experts called by claimant an defendent, and the transaction records produced, can be found here: http://www.alikelman.com/jobhbos.pdf

I think the first site tvviter would have had a better chance of duping people if they spelt it otherwise correctly with two ts, as twitter does.

They probably thought of this, but tvvitter.com is already taken - see http://whois.domaintools.com/tvvitter.com - perhaps another dormant typosquatter