Latest news headlines: Finextra Research

Jail terms for AIT directors are slashed on appeal

After payment of fines totalling £982,000, Carl Rigby and Gareth Bailey have won their appeals for a reduction in their prison terms.

21 December 2005

/regulation

Finextra Research signs off for Christmas and New Year break

The Finextra office will be closed after Tuesday 20 December, re-opening Wednesday 4 January.

20 December 2005

/regulation

Finexpo to map capital markets priorities for 2006

With 400 delegates already pre-registered, a near sold-out exhibition floor, and an exciting seminar programme, Finextra's fourth annual City Technology Strategies show, Finexpo CTS, is set to provide an agenda-setting blueprint for capital markets professionals as we enter 2006.

20 December 2005

/retail

Australian central bank to cap Eftpos entry costs

The Reserve bank of Australia is looking to cap the costs of POS terminal provision on the high street as part of an ongoing series of reforms aimed at stimulating competition in the domestic payments market.

20 December 2005

/wholesale

Lehman Brothers acquires Townsend Analytics

Lehman Brothers has acquired Townsend Analytics, a Chicago-based supplier of direct access dealing technology, for an undisclosed sum.

20 December 2005

/retail

Misys Banking chief Martin steps down

Ivan Martin, CEO of Misys banking Systems is to leave the company, ending a ten-year association with the UK software house. News of his departure comes as Misys reports an improving outlook for revenues and order intake at its largest division.

20 December 2005

/retail

Lloyds TSB to sell Goldfish to Morgan Stanley

Lloyds TSB is to sell the Goldfish credit card business to Morgan Stanley for £1 billion, representing a premium of £175 million.

20 December 2005

/regulation

ABN Amro pays high price for compliance failures

ABN Amro has agreed to pay $75 million in fines and its board members to repay EUR1 million in executive bonuses after admitting to serious flaws in compliance controls at its Dubai branch and US dollar clearing centre in New York.

20 December 2005

/wholesale

Patsystems parts company with CEO Ashby

Screen dealing firm Patsystems is parting company with its chief executive of three years Kevin Ashby.

20 December 2005

/regulation

TSE president Tsurushima quits over computer bungles

Tokyo Stock Exchange president Takuo Tsurushima has quit following a series of costly operational failures at the world's second-largest equity market.

20 December 2005

/retail

Ingenico cues up payments by iPod

French terminal vendor Ingenico has developed a prototype payment terminal capable of communicating with IPods and other MP3 music players.

20 December 2005

/regulation

Seaboard Securities to set up fixed income marketplace

Seaboard Securities is to set up an electronic marketplace for fixed income securities using technology developed by New York-based Securities Dealing Systems.

19 December 2005