It has been a week to forget for the London Metal Exchange after it was forced to delay trading on Friday by four hours due to a connectivity issue with an external network provider, according to Bloomberg.
The executive charged with the job of overhauling Deutsche Bank's IT systems is due to give her first progress report this Friday, according to the Financial Times.
Goldman Sachs has bought a $20.5 million minority stake in Perseus, a firm that provides super-fast connectivity for high-frequency trading firms.
Allied Irish Bank (AIB) has enlisted Hitachi to overhaul its entire IT storage environment as part of a wider effort to become a more digitally-focused operation.
US investment bank Brown Brothers Harriman expects to have abandoned traditional desktop computing within two years as employees move to mobile working, says CIO and partner Christopher Remondi.
Bank of America's online banking website crashed on Friday, February 1st in the US leaving customers temporarily unable to access their accounts.
Bank of America Merrill Lynch, The Bank of Tokyo-Mitsubishi UFJ, Citi, Deutsche Bank, Nordea, Royal Bank of Scotland and Standard Chartered Bank have announced their involvement in the development of the SAP Financial Services Network (FSN), a cloud-based corporate-to-bank connectivity platform.
The Indian financial services industry will spend Rs377 billion ($6.77 billion) on IT this year, 17% up on 2011, according to Gartner.
UniCredit-owned Ukrainian bank PJSC Ukrsotsbank has signed a 10-year, $200 million IT systems and processes outsourcing contract with IBM.