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Earlier this week The Guardian had an interesting piece on the bonus culture at investment banks. The Financial Services Authority has written to the chief executives of major firms to urge them to r...
I was speaking to a software vendor last night who recently had a big project go live at one of the UK's largest banks. When the project was first signed, the vendor was quite a small company (though ...
At least that's the view of Knowledge Technology Solutions (KTS) CEO Andrew Miller. KTS is soon to adopt the brand of its Sep. '07 acquisition, Arcontech, after closing its original market terminal su...
Will state involvement in bank ownership stifle innovation at those groups that have taken bail-out money? As banks step back from serving the low end of the economy, which is perceived as too risky, ...
What do you do when the bills are piling up, but you're a bit short of the government sanctioned fiat currency? Well you could try paying your bills in a more creative manner - as a man in Australia ...
One hopes that vetting procedures for accessing Swift's secure SwiftNet network are much stricter than those for its online community forums at swiftcommunity.net. It seems that a Nigerian 419 fraudst...
That's what bearish Oppenheimer analyst Meredith Whitney told Reuters at the the Reuters Global Finance Summit yesterday. In her view, the bank is unlikey to be profitable for several years. Its stra...
This story got me thinking about how many businesses have been spun out of Citi's tech and business support subsidiaries over the years. Besides the sale of this unit, and the BPO unit that went to TC...
This ruling is going to have a huge impact on the financial and software industries if it's not overturned on appeal (which I hope it isn't). Interesting to see that State Street Bank started the que...
French police have arrested six people in their investigation into the high-profile fraud attack on President Sarkozy, but believe they are only minor figures in a wider plot. What's more interesting ...
It's not often that you see a full breakdown of exactly how much money a bank has spent on different projects within its overall IT budget. At least not in the public domain. But at Westpac's earnings...
As banks now more than ever are looking to cut costs wherever they can, it's not surprising that they're still very keen on offshoring despite the political sensitivity of sending jobs abroad. But the...