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John Thain estimates that Merrill Lynch's 20% stake in financial information supplier Bloomberg could be worth up to $6 billion. The valuation puts a $30 billion price tag on the company and makes Th...
Nomura International - the London-based arm of the Japanese investment bank - is cutting the number of IT contractors it employs and slashing the pay of those stilll with the firm, according to Here i...
Real-time event coverage and expansion plans in the US: It's the Sifma Technology Management Conference in New York next week (as of writing). Maybe it's just me being pedantic, but it's always kind ...
Belatedly proving that there is life after Swift, the banking co-operative's former head of securities James Donovan has landed a new role at US self-regulatory authority Finra. In his new job, Donova...
Despite the impact of the credit crunch and the uncertain economic outlook, there is still demand for IT professionals in the financial services sector, according to specialist online recruitment firm...
The size of your pay packet doesn't guarantee happiness and fulfilment at work, according to a survey of 1000 workers across 20 professions which found bankers and financial services workers to be the...
The Federal Reserve Bank of New York yesterday published a paper that describes ten major long-range trends in the settlement of large-value payments worldwide. The trends are driven by technological ...
The Creditex acquisition looks like third-time lucky for ICE, which has been keen to follow the same horizontal growth strategy being successfully pursued by other exchange groups over the past few ye...
Turquoise chief executive Eli Lederman told delegates at the Mondo Visione Exchange Forum that the bank-backed equities trading facility will begin offering trading on 300 stocks across 14 markets on ...
A new study has found that the quality and type of biscuit presented in a meeting can make or break a deal. A survey of over 1000 UK business professionals conducted by Holiday Inn found that the cho...
So why this cryptic title? Well, if, like me, you have picked up a newspaper one evening over recent weeks and flicked through past the natural disasters, credit crunch and housing crises to try to fi...
Last week I questioned if SWIFT were in danger of contradicting their position of only supporting a single standard by operating both ISO20022 and ISO15022 at the same time. This question certainly br...