Latest People News: Finextra Research

ACI to axe jobs in efficiency drive

Payments processor ACI Worldwide is cutting its global workforce under a consolidation and efficiency programme aimed at generating annual cost savings of $30 million during 2008 and 2009.

12 August 2008

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Nyfix cuts staff as costs keep on rising

Nyfix cut 10% of its global workforce in June in a bid to reduce annual costs by $5 million, but the US trading systems vendor warns it will incur further costs from its Euro Millennium ATS and the integration of its Fixcity acquisition during the rest of the year.

12 August 2008

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Bank job losses caused by restructuring, not offshoring - Deutsche Bank

Internal restructuring has resulted in banks shedding far more staff than the outsourcing of functions to offshore centres, according to a European study by Deutsche Bank.

11 August 2008

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Paypal names Scott Guilfoyle SVP, platform services

Person-to-person payments outfit PayPal has appointed Scott Guilfoyle as its new senior vice president of platform services.

06 August 2008

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Tokyo Stock Exchange slashes executives' pay again

The Tokyo Stock Exchange (TSE) is cutting the pay of its senior executives following a technical glitch that halted derivatives trading on the bourse last month.

05 August 2008

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Norwich Union set to cut 500 operations jobs

UK insurer Norwich Union is set to axe up to 500 operations jobs at its York offices and transfer the work to third party suppliers.

31 July 2008

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Barclays slashes IT contractor rates

UK bank Barclays is cutting salaries for IT contractors working across its operations by around 10%.

29 July 2008

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Tesco to take on UK's retail banks

UK supermarket giant Tesco is set to ramp up its retail banking services after agreeing a £950 million deal to buy out the personal finance joint venture it established with Royal Bank of Scotland (RBS).

28 July 2008

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JPMorgan algo trading head Carrie quits

Carl Carrie, global head of algorithmic trading at JPMorgan, has left the bank and is currently on gardening leave before embarking on a new venture.

28 July 2008

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Warning over iPhone phishing vulnerability

A security expert is warning of a flaw in the iPhone's e-mail application and Safari Web browser that could leave users open to phishing attacks.

25 July 2008

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MacKinnon quits European Payments Council

Stewart MacKinnon has resigned as secretary general of the European Payments Council (EPC), citing differences of opinion about the role and direction of the EPC.

24 July 2008

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Westpac hires McKinnon as new head of restructured IT group

Australia's Westpac has hired former Commonwealth Bank CIO Bob McKinnon to lead a newly restructured technology division.

17 July 2008

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