1135 Results from 2009
Retired Member
Is short selling really bad for my investments' health? Following on from my previous blog... I have checked with my fund manager (a rather large Scottish institution), and they confirmed to me that there was no stock lending to support short selling. I presume they meant across the board, rather than just from my own rather meagre portfolio. I'd ...
26 February 2009 /regulation
A new challenger to Western Union recently emerged in the money transfer area. The WooGroup, based in Paris, was recently listed on the Paris stock exchange (Nyse Euronext, ticker MLWOO). After a somewhat chaotic start – the listing was postponed a week following liquidity problems by Europe Finance et Industry, tasked to manage the introduction – ...
26 February 2009 /payments Trends in Financial Services
Keith Appleyard IT Consultant at available for hire
British Telecom have been pushing people for years now to sign up for Direct Debit, charging extra if you don't sign up. However, if they wanted to keep their costs down then they could start closer to home. I got my latest Business Invoice dated 24th January. This week I got a "red reminder". When I checked my records I had paid them via...
25 February 2009 Whatever...
Paul Penrose Head of Research at Finextra
Bank of America twitterer David Knapp at BofA_help has outed an impersonator operating under the monicker bofabanker. The anonymous BofA imposter set up his Twitter account yesterday and claimed to be a bona fide staffer at the West Coast bank. Knapp contacted him online saying: "I work for Bank of America, please send me a DM so we can disc...
25 February 2009 /retail Finance 2.0
Matt White North America editor at Finextra
CME Group has just put out a rather strange statement letting us know that it doesn't endorse the views expressed by journalists reporting from its trading floor. Presumably the move comes after CNBC reporter Rick Santelli used the exchange as a platform to embark on a rant lambasting president Obama's mortgage bailout plans. Santelli was cheered ...
25 February 2009
What's the diference between Bank of America and Wells Fargo? Citibank and JPMorgan Chase? Royal Bank of Scotland and HSBC? Hbos and Barclays? From a consumer perspective, very little. They all offer much the same products, charge much the same fees, and use much the same distribution networks. For sure, some may be better capitalised than others. ...
25 February 2009 /retail Futuristic Banking
TED speaker Juan Enriquez looks beyond the financial crisis at mindboggling science and the arrival of home evolutus. Here's the pitch: "Even as mega-banks topple, Juan Enriquez says the big reboot is yet to come. But don't look for it on your ballot -- or in the stock exchange. It'll come from science labs, and it promises keener bodies and ...
25 February 2009 Video extravaganza
Justice secretary Jack Straw is plastered all over the papers this morning after it emerged his hotmail account has been hacked by Nigerian scammers. The crims used the account to e-mail hundreds of Straw's contacts - including constituents, Labour party members and council bosses - claiming the MP was stuck in Lagos after losing his wallet. The e...
25 February 2009 /security /retail Whatever...
Those that are praying Jacques de Larosiere and his team will produce a panacea to address all the shortcomings of Europe’s financial infrastructure today are likely to be disappointed. My sources tell me that while it will make useful recommendations on approach it certainly will not satisfy the political desire for dramatic action. That said, r...
25 February 2009 /regulation
Robert Siciliano Security Analyst at Safr.me
Willie Sutton, when asked, "Why do you rob banks" he said "Thats where the money is!" Why hack your online bank account? Because thats where the money is! White Hat Hackers (good guys) probably never anticipated whats happening. There are more viruses out there than ever. Black Hat Hackers (bad guys) are in full force. Back
25 February 2009 /security
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