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1502 Results from 2008

/retail

Westpac to spend A$338 million on IT integration of St George

Australia's Westpac says it will spend A$338 million on information technology-related expenditure as it begins a four-year programme to integrate its operations with St George Bank.

/retail

Microsoft releases emergency patch for IE password vulnerability

Microsoft has issued an emergency security patch for its Internet Explorer browser after a flaw that could let hackers access users' computers and steal passwords was discovered.

/regulation

Euroclear to introduce ISO 200022-approved corporate actions standard

Euroclear is to introduce a new set of ISO 200022-compliant messages for the exchange of corporate actions information and instructions between central securities depositories and issuer-appointed agents,

/retail

Gemalto to buy NamITech South Africa

French smart card vendor Gemalto has agreed a deal to buy Allied Technologies' NamITech South Africa business as it looks to expand its presence in the region. Financial terms were not disclosed.

/wholesale

MF Global to exit US Futures Exchange

MF Global is to write off its 48% stake in ailing US Futures Exchange, spurring the mart to a last ditch effort to find a buyer for the business before the year end.

/regulation

Crisis exposes banks' weak risk management practices - Ernst & Young

The economic crisis has exposed inherent weaknesses in the risk management practices of banks, but few have a well-defined vision of how to tackle the problems, according to a study by Ernst & Young.

/wholesale

Glitch knocks out TSX

Trading on the Toronto Stock Exchange and the small-cap TSX Venture Exchange is expected to resume Thursday morning after a technical glitch with data feeds shut both down for the whole of Wednesday.

/retail

Co-op to issue Xiring card readers to online banking customers

Co-operative Financial Services has contracted with French vendor Xiring for the supply of 300,000 Chip and PIN authentication card readers which it will roll out to online banking customers.

/payments

Caja Madrid overhauls financial messaging with Sun Microsystems

Spanish savings bank Caja Madrid is overhauling its financial messaging strategy with Sun Microsystems' suite for Swift.

/wholesale

Morningstar buys Tenfore for £13.5m

Chicago-based investment research provider Morningstar has moved into the real-time market data business with the acquisition of Tenfore Systems for around £13.5 million in cash.

/retail

SIX Group to acquire 50% stake in Luxembourg processor Cetrel

Swiss financial infrastructure firm SIX Group has agreed to acquire a 50% stake in Luxembourg-based financial IT service provider Cetrel at the end of January 2009. The company says the deal is intended to build up a leading international offering in card-based payment traffic.

/retail

Shenzhen Development Bank signs for Yucheng e-banking technology

Shenzhen Development Bank (SDB) has selected a platform from local vendor Yucheng Technologies to revamp its online banking offering.