Latest People News: Finextra Research

Barclaycard cuts 1000 Goldfish jobs

Barclaycard is set to axe almost 1000 jobs at its recently acquired credit card business Goldfish with the closure of a Scottish call centre and the unit's London headquarters.

08 May 2008

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Australian union calls on government to halt offshoring

Australia's Financial Sector Union (FSU) has called for the country's government to act to prevent banks from shifting jobs to overseas centres amid concerns that Westpac is looking to offshore more work.

02 May 2008

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David Hardy quits MF Global

David Hardy - the former head of LCH.Clearnet - has stepped down from his position of head of strategic market development at commodity broker MF Global.

02 May 2008

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HSBC calls in police to probe alleged EUR90m fraud

UK banking giant HSBC has called in police to investigate an alleged attempted EUR90 million fraud at its securities services division, which is rumoured to have been perpetrated by operations staff at the bank.

01 May 2008

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Morgan Stanley to open Montreal technology centre

US financial services giant Morgan Stanley is establishing a new technology facility in Montreal, Canada.

01 May 2008

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Salaries and bonuses rise for risk professionals

Despite the fall out from the global credit crunch, risk professionals working in the capital markets industry saw their total compensation increase by an average of seven per cent in 2007, according to a global survey by recruitment outfit Risk Talent Associates (RTA).

01 May 2008

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Gresham names Sepkes executive chairman; posts widening losses

UK financial software house Gresham Computing has recruited industry expert Eric Sepkes as executive chairman as it looks to boost its business and reverse a slide in revenue and profits.

29 April 2008

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First Data to acquire pre-paid outfit InComm

US e-payments processor First Data has signed an agreement to acquire InComm, an Atlanta-based provider of stored value gift cards and pre-paid products. Financial terms and conditions of the deal were not disclosed.

29 April 2008

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Trading tech spending to rise, despite crunch

The latest dealing room survey from Kimsey Consulting forecasts that around 12,000 trading positions will be cut around the world by 2011, but expenditure on trading technology is set to rise globally by 4.3% over the same period.

28 April 2008

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Investment bank IT salaries hold up in face of crunch

Despite the impact of the global credit crunch, IT salaries in the investment banking sector are being kept afloat due to "aggressive moves" for staff by firms unaffected by the downturn.

25 April 2008

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ANZ to offshore 500 New Zealand back office jobs

ANZ Bank has come under fire from unions after disclosing plans to shift up to 500 processing and operational jobs from its New Zealand operations to its offshore centre in Bangalore.

21 April 2008

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Patsystems says customers delaying buying decisions

London trading technology vendor Patsystems says major buying decisions by clients "are concluding more slowly than usual" as the credit crisis bites but trading in 2008 has been in line with expectations so far.

17 April 2008

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